Business
New orders received
New orders received.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 5676F Sabien Technology Group PLC 28 May 2013 \n \n\n \n28 May 2013\nSabien Technology Group plc\n(\"Sabien\" or \"the Company\")\nNew orders received \nSabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce that it has received orders totalling £1.0m to install Sabien's M2G technology across the MOD South East Regional Prime Contract managed by PriDE, a joint venture between Interserve Defence Ltd and SSE Contracting. Further orders are expected from this customer before the Company's financial year end (30 June 2013).\nAs Prime Contractor, PriDE is responsible for estate management and construction services at almost 100 MOD sites throughout the south-east region, encompassing nearly 6,000 buildings and facilities.\nIt is anticipated that a large part of these orders will be recognised as sales revenue during this financial year. Installation work has already started at a number of sites.\nAlan O'Brien, Chief Executive of Sabien commented: \n\"This significant order demonstrates the key role M2G plays in reducing organisations' gas consumption and CO2 emissions and how it can be deployed across large estates. We look forward to working with PriDE to deliver this project\"\n \nFor further information:\n \nSabien Technology Group plc\nAlan O'Brien, CEO Tel: +44 (0) 20 7993 3700 \nGus Orchard, CFO www.sabien-tech.co.uk\n \nWesthouse Securities\nAntonio Bossi Tel: +44 (0) 20 7601 6100 \nPaul Gillam  ...