Sabien receives new orders for M2G technology

Sabien Technology Group's shares advanced Friday after the company announced it received further orders for its boiler energy efficiency technology M2G.The company received the orders, worth £211,743, to install M2G across the Ministry of Defence (MoD) South East Regional Prime Contract managed by PriDE, a joint venture between Interserve Defence and SSE Contracting.It brings the total amount of orders received from the customer to £1.2m, with further expected this year. PriDE is responsible for estate management and construction services at about 100 MoD sites in the south-east region, comprising nearly 6,000 buildings and facilities."It 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,"Sabien said in a statement. Shares climbed 8.0% to 27p at 09:06.RD