Business
Sabien Contract Win
Sabien Contract Win.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n Sabien Technology Group PLC\n26 June 2007\n\n\n\n Sabien Technology Group plc ('Sabien')\n\n Additional Contract Win\n\n\nSabien Technology Group plc ('Sabien'), the owner of M2G, an energy saving\nsoftware product that is proven to reduce fuel consumption and carbon emissions,\nis pleased to announce a further contract win with a leading UK bank worth\n£420,000.\n\nIn the trading update issued on 1st June, the Board advised that the Company's\nmain client was scheduling a further roll-out of M2G units over the next 12\nmonths. It is pleased to be able to report that the client has now issued the\nCompany with an order worth £420,000 as part of this roll-out process. This is\nyet again a further endorsement of the unique carbon and money saving qualities\nof the M2G unit.\n\nAlan O'Brien, CEO of Sabien said: 'In the earlier phases of the M2G\ninstallations, our client has already seen savings of over 20% on its energy\nbills with a reduction of 3,835 tons in CO2 emissions and a payback of 54 weeks.\nOur technology is proven to reduce energy consumption allowing businesses to see\nthat we can clearly deliver on their investment. The endorsement given by our\nclient's continued purchase of M2G serves to validate our business strategy of\nproviding a solution that not only delivers on carbon reduction but also on cost\nsavings for our clients.'\n\nAdditionally, the strategic initiative to target multi-site commercial\norganisations also referred to on 1st June is progressing well and the Board is\nvery encouraged by early feedback.\n\nFinally, the Board of Sabien is very pleased with recent progress and looks\nforward to the remainder of 2007 with considerable optimism.\n\n\nFor further information, contact:\n\nGus Orchard\nSabien Technology Group Plc\nTel: 0207 993 3694\n\nMarie Cairney\nGavin Anderson & Company\nTel: 0207 554 1400\[email protected]\n\n\nNotes to editors:\n\nAbout M2G\n\nM2G is a micro processor based product. A unit can be retro-fitted to a new or\nexisting boiler in 90 minutes. M2G re-assesses the boiler characteristics each\ntime it is switched on and takes into account the variation in the performance\nof the heating system over time.\n\nThe change in boiler performance can be due to a number of factors such as\ncoating and furring of pipe work and radiators, changes in the use of the\nbui...