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Last checked at 
26 Mar 2009 07:00
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26Β March 2009 |
Sabien Technology Group plc
("Sabien" or "the Company")
Order and UL approval
Sabien achieves Underwriters Laboratories ("UL") approval for M2G and receivesΒ Β£100,000Β order from itsΒ USΒ distributor.
Sabien Technology GroupΒ PLCΒ (AIM: SNT), the manufacturer and distributor of the patented M2G energy efficiency technology, is pleased to announce that it has obtained Underwriters Laboratories approval ("UL") for M2GΒ for theΒ USA.Β
This certification will enable M2G to be sold in theΒ USAΒ where it has been piloted by itsΒ USΒ distributor, Greffen Systems, at a number of prospective client sites over the past 6 months.Β
On the back of achieving UL approval, Greffen Systems has placed an order with the company for Β£100,000.Β
Greffen Systems has moved quickly to take advantage of the 2008/09 heating season and has installed 7 pilots across North America that collectively represent a useful sample of the M2G's performance in the different climatic regions of North America. ItΒ isΒ Β currentlyΒ in the process ofΒ commencingΒ 5 moreΒ pilots.Β The performance of the M2G is consistently dynamic and successful across each of theΒ U.S.Β pilot locations, with pilot installation data averaging over 19% annualized energy and carbon savings, and savings in the best cases being circa 25%.
Alan O'Brien Chief Executive Officer said:
"Now that M2G has achieved its UL certification for theΒ USA, Greffen Systems is focused on quickly converting its successful pilots to orders and rollout over the spring and summer monthsΒ and expects to make a material contribution to Sabien's order book over the coming months".
For further information:
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Sabien Technology Group plcΒ |
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Alan O'Brien,Β CEO |
Tel:Β +44 (0) 20 7993 3700 |
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Gus Orchard, CFO |
www.sabien-tech.co.uk |
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Arbuthnot Securities Limited |
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Antonio Bossi |
Tel: +44 (0)Β 20 7012 2000 |
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www.arbuthnotsecurities.co.uk |
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