Sabien Technology Group PLC M2G Rollout in US (5950O)
October 04 2023 - 2:00AM
UK Regulatory
TIDMSNT
RNS Number : 5950O
Sabien Technology Group PLC
04 October 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
4th October 2023
Sabien Technology Group plc
("Sabien", the "Company" or the "Group")
M2G Rollout in US
Sabien Technology Group plc (AIM:SNT), the company focused on a
green aggregation strategy, is pleased to announce the rollout of
its M2G Cloud-enabled gas boiler energy saving solution in the
United States.
In October 2023, Sabien's Chairman, Richard Parris, will meet
Frank Salensky. CEO, Greffen Systems Inc. ("Greffen"), in Houston,
Texas, commencing a program which will see Greffen becoming
Sabien's first US installation partner for M2G Cloud-enabled
solutions.
Greffen is currently installing traditional M2G solutions across
school districts within the state of Texas and in all sectors
within North America. Separately, Greffen's team will accompany
Sabien engineers on the first campus installation of the M2G Cloud
solution, for a major Texas-based oil and gas company. This
customer was secured through Sabien's recent partnership with a
global US-listed property management company.
It is expected that additional revenue generated from these
relationships will be at least GBP100,000 in the current financial
year. In the longer term, Sabien believes that the M2G Cloud is
ideally suited to the US market and that the US has the potential
to become a dominant sales region for its products.
Richard Parris, Sabien Chairman, said, "I am excited to meet our
US partners in what is arguably the energy capital of the world.
The US is a market I know well, and I believe our newly developed
cloud-enabled boiler efficiency and monitoring solutions are
exactly what the US property management industry is looking for to
save gas consumption, reduce operating costs, lower CO2 emissions,
and offer better service levels to estate owners and
operators."
Frank Salensky, Greffen Systems CEO, said, "I am pleased to meet
Sabien's executive team here in Houston and welcome Sabien's
commitment to Greffen and the US market. We have enjoyed commercial
success with M2G over a number of years, but the addition of cloud
connectivity will provide significant additional benefits for our
clients. The new M2G Cloud solution is the game-changer we have
been waiting for, and we expect to see a significant increase in
sales almost immediately."
Danny Mills, Sabien Inc. President, said, "M2G Cloud's ability
to remotely monitor geographically dispersed commercial boiler
infrastructure from a cloud dashboard and demonstrate savings of
10%-25% in energy consumption and carbon emissions in real-time is
a big win-win for building owners, occupiers, and property managers
across the US. An industry-unique analytical insight into plant and
controls performance allows clients to further enhance delivery
ahead of the savings M2G Cloud is producing. By collaborating with
large real estate service companies, we expect rapid penetration
into large metropolitan areas such as NYC, Houston, and
Chicago."
For Further Information:
Sabien Technology Group plc
Richard Parris, Executive Chairman +44 20 7993 3700
Scott Fulton, Investor Relations scott.fulton@sabien.com
Allenby Capital Limited (Nominated
Adviser)
John Depasquale / Nick Harriss /
Vivek Bhardwaj +44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 207 469 0930
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