Sabien Tech. Regulatory News (SNT)

25 Jan 2007 07:00

Sabien Technology Group PLC25 January 2007 SABIEN TECHNOLOGY GROUP PLC ("The Company" or "Sabien") Trading Update January 25th 2007: Following the successful admission of Sabien to trading onAIM on 20 December 2006, the Board wishes to provide a trading update. The Company announces that it has recently taken orders from a number of bluechip clients that wish to utilise Sabien's energy saving technology. Theseclients include one of the UK's largest banks, a national mobiletelecommunications company and the world's biggest health care productmanufacturer. Commenting on these contract wins, Alan O'Brien - Sabien Chief Executive -noted, "Interest in Sabien's M2G technology is extremely strong, both from ourexisting and prospective clients. The Directors are confident that Sabien iswell positioned to take advantage of the current interest and demand for energysaving technology and are encouraged by recent press reports concerning thewishes of major supermarket retailers to achieve real reductions in energyconsumption and Co2 emissions, which play very well to the proven benefits thatM2G technology can offer." Further trading updates will be issued when appropriate. For further information, please contact: Sabien Technology PLCAlan O'Brien - Chief Executive Tel: 07917 225 058 Media Enquiries Gavin AndersonKen Cronin / Marie Cairney / Janine Brewis Tel: 020 7554 1400 About M2G M2G is an energy saving boiler control unit. Case studies have shown that M2Gprovides a reduction in energy consumption of between 7 and 35 percent withoutloss of performance or reliability of the heat and hot water systems, with atypical payback period on investment of between 6 and 24 months. The M2G isCarbon Trust approved and qualifies for the Enhanced Capital Allowance scheme. This information is provided by RNS The company news service from the London Stock Exchange