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Pin to quick picksSabien Tech. Regulatory News (SNT)

Share Price Information for Sabien Tech. (SNT)

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3.75    0.00 (0.00%)
Bid:
3.50
Ask:
4.00
Spread: 0.50 (14.286%)
Market Cap: £1.04m
SNT Live PriceLast checked at - London Stock Exchange

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Trading Statement

1 Jun 2010 07:00

RNS Number : 8161M
Sabien Technology Group PLC
01 June 2010
 



 

 

1st June 2010

 

Sabien Technology Group plc

("Sabien" or "the Company")

 

Trading Update

 

In February 2010, Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announced that it had seen a significant year on year increase in sales quotations and a steadily increasing order book. At that time it was stated that the key priority for the forthcoming period was the conversion of this pipeline into orders and sales.

 

The nature of Sabien's activities involves targeting large multi-site customers, resulting in an order book that in value terms is highly concentrated at this stage of the Company's development. Contracts from these customers generally encompass a large number of individual sites and are mostly delivered via rolling framework contacts.

 

To date, Sabien's pipeline of inquiries, quotations and expected orders has continued to grow. Sales quotations made to date currently stand at £3.8 million. However, due to a number of reasons outside the Company's control, such as recent local elections and delays in private sector companies placing orders, a small number of large contracts with commercial terms agreed, which the Company had previously expected to receive and be recognised as revenue during the current financial period will now be delayed into the financial period ending 30 June 2011. This will result in a delay to the Company's move to profitability. No orders have been cancelled over this period and the Company has not received notification from any potential client that they do not still propose to place their expected orders.

 

An example of one such delay is a major contract with a Local Authority to deploy M2G across a large number of civic buildings and its commercial estate which is expected to be announced shortly but which will no longer contribute to sales recognised in 2010.

 

The Board remains confident in the progress made to date and the ability of Sabien to deliver on the commercial opportunity which presents itself in the Company's markets. We expect to provide a further update regarding new contract wins and new alliance partners shortly.

 

 

For further information:

 

Sabien Technology Group plc

Alan O'Brien, CEO Tel: +44 (0) 207 993 3700

Gus Orchard, CFO www.sabien-tech.co.uk

 

Altium

Adrian Reed Tel: +44 (0) 845 505 4343

Phil Frame www.altiumcapital.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLIFSERVILIII
Date   Source Headline
16th Aug 20227:00 amRNSExtension of Sales Agency Agreement
5th Aug 20225:15 pmRNSNotice of GM & Holdings in the Company
4th Aug 20227:00 amRNSOversubscribed Broker Option to raise £100,000
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5th May 20227:00 amRNSUpdate on b.grn
11th Apr 20221:00 pmRNSCorporate Update - Contract Win
4th Apr 20225:00 pmRNSProject COFFEE - Replacement
4th Apr 20222:30 pmRNSProject COFFEE
31st Mar 20224:02 pmRNSHalf-year Report
31st Mar 20227:00 amRNSHolding(s) in Company
25th Mar 20227:00 amRNSContract Win
3rd Feb 20222:03 pmRNSHolding(s) in Company
2nd Feb 20227:00 amRNSMOU signed with Irish Renewable Fuels Ltd.
1st Feb 20222:43 pmRNSLicence agreement with Proton Technologies Canada
18th Jan 20227:00 amRNSChanges to Warrant Terms
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31st Dec 202112:00 pmRNSTotal Voting Rights
22nd Dec 20217:00 amRNSAgreement for Establishment of SPV
26th Nov 20217:00 amRNSWarrant Exercise
11th Nov 20217:00 amRNSLicence agreement with Proton Technologies
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1st Nov 20217:00 amRNSCOP26: Sabien hosts Green Economics Debate
29th Oct 20215:00 pmRNSTotal Voting Rights
14th Oct 20213:00 pmRNSResult of AGM
14th Oct 202110:00 amRNSSabien Presentation at FTE Mykonos
14th Oct 20218:00 amRNSIssue of Equity
14th Oct 20217:30 amRNSAGM Statement
14th Oct 20217:00 amRNSSubscription and possible Co-operation Agreement
21st Sep 20217:00 amRNSHolding(s) in Company
16th Sep 20211:02 pmRNSAeristech: Investor Update
16th Sep 202111:30 amRNSHolding(s) in Company
15th Sep 20217:00 amRNSSales Agency Agreement
14th Sep 20216:00 pmRNSPosting of Annual Report & Notice of AGM
31st Aug 20217:12 amRNSFinal Results for the year to 30 June 2021
31st Aug 20217:00 amRNSFinal Results for the Year to 30 June 2021
10th Aug 202112:12 pmRNSHolding(s) in Company
7th Jul 20217:00 amRNSTrading Update
25th Jun 202111:15 amRNSOperational Update
18th Jun 20217:00 amRNSAppointment of Chief Scientific Officer
22nd Apr 20214:41 pmRNSSecond Price Monitoring Extn
22nd Apr 20214:36 pmRNSPrice Monitoring Extension
31st Mar 20215:00 pmRNSTotal Voting Rights
29th Mar 20213:45 pmRNSResult of AGM
25th Mar 20217:00 amRNSHalf-year Report
19th Mar 20218:45 amRNSHolding(s) in Company
11th Mar 20214:57 pmRNSHolding(s) in Company

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