Sabien Contract Win

Sabien Technology Group PLC 26 June 2007 Sabien Technology Group plc ('Sabien') Additional Contract Win Sabien Technology Group plc ('Sabien'), the owner of M2G, an energy saving software product that is proven to reduce fuel consumption and carbon emissions, is pleased to announce a further contract win with a leading UK bank worth £420,000. In the trading update issued on 1st June, the Board advised that the Company's main client was scheduling a further roll-out of M2G units over the next 12 months. It is pleased to be able to report that the client has now issued the Company with an order worth £420,000 as part of this roll-out process. This is yet again a further endorsement of the unique carbon and money saving qualities of the M2G unit. Alan O'Brien, CEO of Sabien said: 'In the earlier phases of the M2G installations, our client has already seen savings of over 20% on its energy bills with a reduction of 3,835 tons in CO2 emissions and a payback of 54 weeks. Our technology is proven to reduce energy consumption allowing businesses to see that we can clearly deliver on their investment. The endorsement given by our client's continued purchase of M2G serves to validate our business strategy of providing a solution that not only delivers on carbon reduction but also on cost savings for our clients.' Additionally, the strategic initiative to target multi-site commercial organisations also referred to on 1st June is progressing well and the Board is very encouraged by early feedback. Finally, the Board of Sabien is very pleased with recent progress and looks forward to the remainder of 2007 with considerable optimism. For further information, contact: Gus Orchard Sabien Technology Group Plc Tel: 0207 993 3694 Marie Cairney Gavin Anderson & Company Tel: 0207 554 1400 mcairney@gavinanderson.co.uk Notes to editors: About M2G M2G is a micro processor based product. A unit can be retro-fitted to a new or existing boiler in 90 minutes. M2G re-assesses the boiler characteristics each time it is switched on and takes into account the variation in the performance of the heating system over time. The change in boiler performance can be due to a number of factors such as coating and furring of pipe work and radiators, changes in the use of the building, or from the thermal output of installed equipment. M2G only adjusts its performance bases on the daily requirements of the building. M2G integrates seamlessly with BEMS. All published savings data to date has been achieved in buildings using BEMS. Not to be confused with a time delay unit - M2G is an intelligent micro processor based system measuring temperature loss over time. Time delay units on the other hand will stop the burner from firing even when there is a real demand from the building for heat. The timer adds additional control but not additional intelligence to the system and comfort levels in the building will be negatively affected. About Sabien: Sabien Technology Group plc was admitted to AIM, part of the London Stock Exchange, in December 2006. Sabien's clients are public and commercial sector organisations who use gas-and or oil-fired boilers to heat space and water. Sabien manufactures and sells M2G, which is both Carbon Trust approved and qualifies for the Enhanced Capital Allowance scheme. It is proven to cut energy consumption of boilers that use gas and/or oil to heat water and space by up to 35%, without having any negative impact on performance or reliability. The typical payback period for M2G is 6 and 24 months. This information is provided by RNS The company news service from the London Stock Exchange
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