THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
2019/310.
The
directors take responsibility for this announcement.
7 February
2024
Sabien
Technology Group plc
("Sabien" or the "Company")
M2G Cloud Connect system
installed at Hampton Court Palace
Sabien Technology Group plc
(AIM:SNT), the company focused on a green aggregation strategy,
today announces that M2G, Sabien's cloud-enabled gas boiler energy
saving solution, has successfully installed a M2G Cloud
Connect system at Hampton Court Palace.
M2G has deployed its Cloud Connect
system for use within a greenhouse boiler system. Cloud Connect
provides real-time analysis of the efficiency improvements and cost
savings without having to affect the fabric of the buildings. Given
the listed status of much of the estate, Cloud Connect's
non-intrusive installation and instant savings, is a key solution
for Historic Royal Palaces ("HRP") in pursuing its gas reduction
aims at Hampton Court Palace.
The deployment of M2G Cloud Connect
at Hampton Court Palace is the second such for HRP. The system is
also in place at The Tower of London and is being used throughout
this estate as part of its on-going energy management.
Commenting on the installation, Jack Harper, Historic Royal
Places Energies Future Engineer, commented:
"The M2G Cloud Connect system was seamlessly
installed by Sabien Engineers within a single day, without any
disruption or downtime to the existing system or building fabric. I
am genuinely impressed with the product as I can easily monitor the
savings performance through my dashboard and am looking at more
install locations early 2024."
Commenting on the installation, Richard Parris, Executive
Chairman of Sabien, commented:
"The Green Agenda is evolving. Technological applications, such
as M2G Cloud Connect, are now being deployed in
settings which, only recently, would not have been considered
capable of achieving efficiencies. Thus, managing the energy
transition need not be the preserve of the new build but can be
effected in almost every part of the built
environment.
While the revenues from this installation will not
substantially impact revenues in the current financial year, Sabien
and M2G are pleased to be working with Historic Royal Palaces in
this regard. We look forward to further such collaborations, both
directly and with those who serve the estate."
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