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Sabien Technology Group PLC - London-based boiler efficiency products company - Says its sales agency agreement with City Oil Field has been extended for a further 12-mnth period from September 14. Says the contract extension proceeds the ceremony for the first COF production plant, which took place on July 28 in Jeonnam province, South Korea, attended by Governor Kim Young-rok.
Chair Richard Parris says: "Over the last 12 months we have achieved significant progress positioning COF technology with key UK influencers, and we look forward to enabling the first production deployment outside of Korea. Sabien is positioned to accelerate the UK's transition to net-zero."
Current stock price: 11.51 pence, up 2.3%
12-month change: down 48%
By Xindi Wei; xindiwei@alliancenews.com
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