Sabien Technology secures new orders totalling £186k

(Sharecast News) - Energy reduction technology firm Sabien Technology said on Monday that it has secured new orders totalling £186,243 from seven new customers in January.

Sabien stated these new orders, which were secured in the last three weeks, represent 26% of total revenues for the year ended 30 June 2024.

The AIM-listed group also highlighted that 87% of this new revenue was achieved through its partnership with CBRE.

Sabien said end customers include a major pharmaceutical company, a large European bank, a global power technology provider, a London University, a German performance car producer and a healthcare manufacturer.

Executive chairman Richard Parris said: "At around the halfway point of the current financial year I am delighted to see our month-on-month sales run-rate rapidly accelerating through our recent partner engagement program. At the current monthly run rate and given our strong sales pipeline we expect to exceed last year's sales performance by the year end."

As of 0950 GMT, Sabien shares were down 4.55% at 10.50p.

Reporting by Iain Gilbert at Sharecast.com

Sabien Tech.