Order and UL certification
March 26 2009 - 3:00AM
UK Regulatory
TIDMSNT
RNS Number : 5017P
Sabien Technology Group PLC
26 March 2009
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| 26 March 2009 | |
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Sabien Technology Group plc
("Sabien" or "the Company")
Order and UL approval
Sabien achieves Underwriters Laboratories ("UL") approval for M2G and receives
GBP100,000 order from its US distributor.
Sabien Technology Group PLC (AIM: SNT), the manufacturer and distributor of the
patented M2G energy efficiency technology, is pleased to announce that it has
obtained Underwriters Laboratories approval ("UL") for M2G for the USA.
This certification will enable M2G to be sold in the USA where it has been
piloted by its US distributor, Greffen Systems, at a number of prospective
client sites over the past 6 months.
On the back of achieving UL approval, Greffen Systems has placed an order with
the company for GBP100,000.
Greffen Systems has moved quickly to take advantage of the 2008/09 heating
season and has installed 7 pilots across North America that collectively
represent a useful sample of the M2G's performance in the different climatic
regions of North America. It is currently in the process of commencing 5 more
pilots. The performance of the M2G is consistently dynamic and successful across
each of the U.S. pilot locations, with pilot installation data averaging over
19% annualized energy and carbon savings, and savings in the best cases being
circa 25%.
Alan O'Brien Chief Executive Officer said:
"Now that M2G has achieved its UL certification for the USA, Greffen Systems is
focused on quickly converting its successful pilots to orders and rollout over
the spring and summer months and expects to make a material contribution to
Sabien's order book over the coming months".
For further information:
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| Sabien Technology Group plc | |
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| Alan O'Brien, CEO | Tel: +44 (0) 20 7993 3700 |
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| Gus Orchard, CFO | www.sabien-tech.co.uk |
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| Arbuthnot Securities Limited | |
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| Antonio Bossi | Tel: +44 (0) 20 7012 2000 |
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| | www.arbuthnotsecurities.co.uk |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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