Sabien Technology Group PLC
13 November 2007
13 November 2007
Sabien Technology Group Plc
New orders signed with Deutsche Bank and O2
Sabien Technology Group (AIM: SNT) is focused on helping private and public
sector organisations manage their carbon emissions through the use of proven
technology which reduces energy consumption by up to 35%.
Sabien has recently won new orders from Deutsche Bank and O2 to install its M2G
energy saving technology at a number of office locations for both companies for
a total value of approximately £70,000.
The order with O2 is the result of a pilot at two locations which demonstrated
average energy savings of 27% and 16%, a total of 982 tonnes of carbon saved
during that pilot period, and a positive return on investment at each site of
under 14 months and 7 months respectively.
Paul Eggleton, Energy Manager at O2, said: 'We have been very impressed with the
performance of the M2G units. They have lived up to all expectations and because
they are so easy to fit there was no interruption in service to the two trial
buildings.
'We are now rolling out M2G to other corporate offices in our portfolio and look
forward to seeing significantly reduced gas bills. The payback period is very
good and we would recommend these to anyone with gas consuming sites.'
About Sabien Technology
Sabien was set up in 2004 to commercialise M2G an energy saving technology which
reduces gas consumption used in commercial boilers. In September 2007, Sabien
launched M3G which reduces electricity consumption in commercial
air-conditioning units. Both M2G and M3G are proven to reduce carbon and energy
consumption by up to 35% with typical pay back in under 2 years.
With interest in 'green issues' being at an all time high for private and public
organisations, the need to achieve both financial savings as well as an improved
environmental profile is becoming increasingly important in the Boardrooms of UK
PLC.
Rising energy prices also create a more immediate imperative to reduce energy
consumption and cut energy costs. The urgency to seek new solutions is most
definitely a growing feature of the market and consequently companies are
beginning to implement energy strategies to meet challenging energy reduction
targets.
A number of customers are already using M2G including the Royal Bank of Scotland
Group, Ford Motor Company, Bank of England, Institution of Mechanical Engineers,
Investec Bank and an NHS Trust. The M2G is Carbon Trust approved and qualifies
for the Enhanced Capital Allowance Scheme.
For further information:
Sabien Technology Group plc Tel: 020 7993 3700
Alan O'Brien - Chief Executive Officer
Gus Orchard - Finance Director
Brewin Dolphin (NOMAD) Tel: 0845 270 8600
Neil Baldwin/Alison Barrow
Madano Partnership (Financial PR Advisers) Tel: 020 7593 4000
Matthew Moth/Caroline Sturdy
This information is provided by RNS
The company news service from the London Stock Exchange