(Alliance News) - Sabien Technology Group PLC on Wednesday announced the start of the rollout of its M2G cloud-enabled gas boiler energy saving solution in the US.
Sabien Technology is a London-based company focused on green technologies such as plastic-to-oil recycling and CO2 mitigation for commercial and residential boilers.
The company said its partner Greffen Systems Inc is currently installing traditional M2G solutions across school districts within Texas and in all sectors within North America.
Sabien Technology anticipates a revenue boost of at least GBP100,000 in its current financial year from the relationships with Greffen.
Sabien Technology Chair Richard Parris, who met Greffen Chief Executive Officer Frank Salensky, said: "I am excited to meet our US partners in what is arguably the energy capital of the world. The US is a market I know well, and I believe our newly developed cloud-enabled boiler efficiency and monitoring solutions are exactly what the US property management industry is looking for to save gas consumption, reduce operating costs, lower CO2 emissions, and offer better service levels to estate owners and operators."
Greffen CEO Salensky said: "The addition of cloud connectivity will provide significant additional benefits for our clients. The new M2G cloud solution is the game-changer we have been waiting for, and we expect to see a significant increase in sales almost immediately."
Sabien Technology shares were 1.0% higher at 8.33 pence each on Wednesday afternoon in London.
By Tom Budszus, Alliance News reporter
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Sabien Tech. (SNT)