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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
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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
3rd Aug 201511:40 amRNSHolding(s) in Company
28th Jul 20152:39 pmRNSDirector/PDMR Shareholding
28th Jul 20157:00 amRNSAdmission of Placing and Subscription Shares
20th Jul 20157:00 amRNSIssue of Equity
15th Jun 20157:00 amRNSTrading Statement
7th Apr 20156:03 pmRNSDirector/PDMR Shareholding
27th Mar 20156:04 pmRNSDirector/PDMR Shareholding
16th Mar 20155:28 pmRNSDirector Shareholding
10th Feb 20157:00 amRNSHalf Yearly Report
7th Jan 20159:38 amRNSHolding(s) in Company
7th Jan 20159:36 amRNSHolding(s) in Company
20th Nov 20149:27 amRNSAGM Statement
27th Oct 20144:43 pmRNSDispatch of Annual Report and notice of AGM
9th Oct 20149:35 amRNSDividend Declaration
7th Oct 20147:00 amRNSPreliminary results for the year to 30 June 2014
3rd Oct 20143:54 pmRNSHolding(s) in Company
30th Sep 20149:39 amRNSHolding(s) in Company
12th Aug 20144:11 pmRNSHolding(s) in Company
6th Aug 20144:30 pmRNSHolding(s) in Company
1st Aug 201411:03 amRNSExercise of Warrants
8th Jul 20147:00 amRNSPost close trading update
29th May 20147:00 amRNSTrading Statement
28th Mar 20142:58 pmRNSDirector/PDMR Shareholding
3rd Mar 20147:00 amRNSOrders received
14th Feb 20145:01 pmRNSHolding(s) in Company
11th Feb 20147:00 amRNSInterim results
16th Jan 201410:58 amRNSDirector Shareholding
20th Nov 20134:32 pmRNSResult of AGM
28th Oct 20134:55 pmRNSNotice of AGM
23rd Oct 201312:19 pmRNSPropose Dividend Declaration
22nd Oct 20134:48 pmRNSHolding(s) in Company
10th Oct 201310:18 amRNSHoldings in Company
7th Oct 20137:00 amRNSPublic Sector Tender Award
1st Oct 20137:00 amRNSPreliminary Final Results
9th Jul 201312:45 pmRNSFurther Orders Received
8th Jul 20137:00 amRNSTrading Statement
7th Jun 20137:00 amRNSFurther orders received
28th May 20137:00 amRNSNew orders received
10th Apr 20137:00 amRNSContract with Norland
3rd Apr 201311:04 amRNSDirector Shareholding
26th Mar 20137:00 amRNSFireye Distributorship Agreement
12th Feb 20139:29 amRNSHolding(s) in Company
12th Feb 20137:00 amRNSHalf Yearly Report
6th Feb 20133:44 pmRNSHolding(s) in Company
6th Feb 20133:11 pmRNSChange of ACD for OEIC holding
31st Jan 201310:11 amRNSNotice of Results
22nd Nov 20127:00 amRNSAGM Statement
30th Oct 201210:44 amRNSGrant of share options
29th Oct 201210:19 amRNSDispatch of Annual Financial Report
17th Oct 20127:00 amRNSAppointment of Mrs Miriam Maes as a Director

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