Sabien Technology Group PLC on Monday announced a new order for gas-saving technology from a ‘major international transport company’ which will generate revenue in the current financial year.
The London-based provider of energy reduction technologies secured a contract with an unnamed transport company for its M2G Cloud-Connect System. The system which will be used by the customer in its London area estate provides ‘real-time, visible energy and CO2 savings, and analytics’.
Initially covering 24 gas boilers, the contract is expected to generate approximately £100,000 within the current financial year.
Sabien said it expects the customer to place additional orders with similar revenue generation in the future although the company stressed that there can be no certainty.
Executive Chair Richard Parris said: ‘Sabien M2G Cloud-Connect System technology can save our customers between 10% to 30% on their CO2 emissions and energy bills from gas boilers used for space heating industrial and office facilities. In common with many companies in its sector, this customer has a mission critical focus on sustainability, carbon offsets and net-zero transition.’
Sabien Technology shares closed 1.5% higher at 9.90 pence each in London on Monday.
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