Sabien Tech. Regulatory News (SNT)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

4th October 2023

 

Sabien Technology Group plc

("Sabien", the "Company" or the "Group")

 

M2G Rollout in US

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, is pleased to announce the rollout of its M2G Cloud-enabled gas boiler energy saving solution in the United States.

In October 2023, Sabien's Chairman, Richard Parris, will meet Frank Salensky. CEO, Greffen Systems Inc. ("Greffen"), in Houston, Texas, commencing a program which will see Greffen becoming Sabien's first US installation partner for M2G Cloud-enabled solutions.

Greffen is currently installing traditional M2G solutions across school districts within the state of Texas and in all sectors within North America. Separately, Greffen's team will accompany Sabien engineers on the first campus installation of the M2G Cloud solution, for a major Texas-based oil and gas company. This customer was secured through Sabien's recent partnership with a global US-listed property management company.

It is expected that additional revenue generated from these relationships will be at least £100,000 in the current financial year. In the longer term, Sabien believes that the M2G Cloud is ideally suited to the US market and that the US has the potential to become a dominant sales region for its products.

Richard Parris, Sabien Chairman, 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."

Frank Salensky, Greffen Systems CEO, said, "I am pleased to meet Sabien's executive team here in Houston and welcome Sabien's commitment to Greffen and the US market. We have enjoyed commercial success with M2G over a number of years, but 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."

Danny Mills, Sabien Inc. President, said, "M2G Cloud's ability to remotely monitor geographically dispersed commercial boiler infrastructure from a cloud dashboard and demonstrate savings of 10%-25% in energy consumption and carbon emissions in real-time is a big win-win for building owners, occupiers, and property managers across the US. An industry-unique analytical insight into plant and controls performance allows clients to further enhance delivery ahead of the savings M2G Cloud is producing. By collaborating with large real estate service companies, we expect rapid penetration into large metropolitan areas such as NYC, Houston, and Chicago."