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Sabien Technology Group PLC - Watford-based boiler efficiency products - Notes announcement by ASX-listed Sprintex of its partnership with Sabien investee Aeristech which will allow for Sprintex's entry into the hydrogen energy and clean air markets.
Sprintex opened a 1,500 square metre manufacturing facility in China which will produce several electrical compressor platforms. For this facility, Aersitech's designs will form a key component of these platforms for use in hydrogen fuel cell vehicles.
"The board is pleased to note that Aeristech's position has been recognised by another market-leading participant in this important industry and welcomes the collaboration with Sprintex. The potential for technologies such as those offered by Aeristech is now being realised. Sabien remains committed to seeking further, similar opportunities in its pursuit of a leading position within the Green Economy," says Sabien Executive Chair Richard Parris.
Current stock price: 26.95 pence, down 9.4%
Year-to-date change: down 5.4% since January 20
By Dayo Laniyan; dayolaniyan@alliancenews.com
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