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Pin to quick picksSabien Tech. Regulatory News (SNT)

Share Price Information for Sabien Tech. (SNT)

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3.25    0.00 (0.00%)
Bid:
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Spread: 0.50 (16.667%)
Market Cap: £1.03m
SNT Live PriceLast checked at - London Stock Exchange

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Re Contract

25 Sep 2008 07:00

RNS Number : 2530E
Sabien Technology Group PLC
25 September 2008
 



Sabien Technology Group Plc

("Sabien")

Contract Win 

Sabien is pleased to announce it has been awarded an initial contract by Virgin Media, the UK's leading entertainment and communications company, worth £89,000 to install its M2G technology in a number of its offices in the UKFurther orders are expected over the current financial year.

Alan O'Brien, Chief Executive Officer, said:

"Over the last year we've worked closely with Virgin Media and its consultants assisting them in preparing an investment proposal for the installation of our M2G and M3G technologies across the Virgin Media estate. In 2007 Virgin Media began work with the Carbon Trust on their 'Cut the Carbon' programme to define the company's carbon footprint accurately and to investigate ways to reduce it. 

As a result of this initiative Virgin Media have targeted to reduce their carbon footprint by 15% of their 2007 baseline year (313,522 tonnes of CO2) by 2015. On the back of this analysis an initial order has been placed with Sabien for its M2G technology with further orders expected over the current financial year. The fact that Virgin Media, a major UK brand, has chosen M2G is another tangible indicator that Sabien is fast becoming the supplier of choice for energy efficiency technology" 

For further information:

Sabien Technology Group plc

Alan O'Brien - Chief Executive Officer

Gus Orchard - Finance Director

020 7993 3700

Arbuthnot Securities

Antonio Bossi

020 7012 2000

Madano Partnership

Mark Way/Dominic Barretto

020 7593 4000

About Sabien:

Sabien Technology Group (AIM: SNT) is focused on the manufacture and sale of M2G and M3G energy saving devices which are proven to reduce energy consumption on commercial boilers and air conditioning units by up to 35%.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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