Sabien Tech. Regulatory News (SNT)

24 May 2007 13:57

Sabien Technology Group PLC24 May 2007 Sabien Technology Group plc welcomes Energy White Paper focus on energy saving - Royal Bank of Scotland M2G installations delivers savings in excess of 25% and CO2 emissions reduction of 3,835 tons - London, May 24, 2007 - Sabien Technology Group plc ("Sabien"), which manufactures and sells M2G, a micro processor based product that helps reduce carbon emissions and fuel consumption of commercial boiler systems, welcomed theincreased support that its M2G technology will receive as a result of theGovernment's focus on energy saving as announced in the Energy White Paperyesterday. Specifically, the Government has announced it will create the right incentivesfor long-term investment by businesses in cost-effective energy efficiencymeasures, improve information for businesses and set now the future regulatoryframework that will drive improvements in the energy efficiency of commercialbuildings. Commenting on the White Paper, Alan O'Brien, CEO of Sabien said, "While warmly welcoming the broad-ranging and numerous initiatives outlined inWhite Paper to encourage energy saving in businesses and in the public sector,we find the biggest barriers for companies and institutions undertaking energyefficiency initiatives are the associated project costs and the need forvalidation of energy consumption and carbon emissions reduction claims. "Our technology is proven to reduce energy consumption allowing businesses tosee that we can clearly deliver on their investment. We believe the financialimperative to save money and deliver value will drive the energy efficiency andthe renewable energy industry as much as the need to address climate change." Sabien has demonstrated this value for the Royal Bank of Scotland Group("RBSG"). In 2004, RBSG installed its first phase of Sabien's M2G technology atits selected Ulster Bank sites (Ulster Bank is owned by The Royal Bank ofScotland). After extensive trials, energy savings in excess of 25% wereachieved. On the successful completion of phase one, the bank commenced a wider rollout ofM2G and The Royal Bank of Scotland Group now has 600 M2G units installed in over200 of its sites across the UK and Northern Ireland. The most recent M2G unitswere installed in May 2007. Phase one installations showed energy savings in excess of 25%. Installing M2Gdemonstrated that significant energy savings could be achieved without anydetrimental effect on ambient room temperatures. Phase two installations delivered savings in excess of 25%, reducing CO2emissions by 3,835 tons and delivering a payback of 54 weeks. Phase threeinstallations are currently being installed. In April 2007 Graham Jennings, Group Energy Manager at Royal Bank of ScotlandGroup, said: "M2G is a key component in the group's energy efficiency strategy,and the installation of M2G units throughout our UK fleet of buildings played amajor role in helping the bank deliver on its commitment to reducing its energyconsumption and carbon emissions. Sabien and M2G delivered." For further information, contact: Gavin Anderson & CompanyMarie Cairney/Michael TurnerTel: 0207 554 1400mcairney@gavinanderson.co.ukmturner@gavinanderson.co.uk Notes to editors: About M2G M2G is a micro processor based product. A unit can be retro-fitted to a boilerin 90 minutes. M2G re-assesses the boiler characteristics each time it isswitched on and takes into account the variation in the performance of theheating system over time. The change in boiler performance can be due to a number of factors such ascoating and furring of pipe work and radiators, changes in the use of thebuilding, or from the thermal output of installed equipment. M2G only adjustsits performance bases on the daily requirements of the building. M2G integrates seamlessly with BEMS. All published savings data to date has beenachieved in buildings using BEMS. Not to be confused with a time delay unit - M2G is an intelligent microprocessor based system measuring temperature loss over time. Time delay units on the other hand will stop the burner from firing even whenthere is a real demand from the building for heat. The timer adds additionalcontrol but not additional intelligence to the system and comfort levels in thebuilding will be negatively affected. About Sabien: Sabien Technology Group plc was admitted to AIM, part of the London StockExchange, in December 2006. Sabien's clients are public and commercial sector organisations that use gas-andor oil-fired boilers to heat space and water. Sabien manufactures and sells M2G, which is both Carbon Trust approved andqualifies for the Enhanced Capital Allowance scheme. It is proven to cut energyconsumption of boilers that use gas and/or oil to heat water and space by up to35%, without having any negative impact on performance or reliability. Thetypical payback period for M2G is between 6 and 24 months. This information is provided by RNS The company news service from the London Stock Exchange