Sabien wins another contract from Interserve

Boiler energy efficiency technology company Sabien Technology Group announced on Friday that it had been awarded a contract worth £287,750.

The AIM-traded firm said the order would be recognised as sales revenue during the first quarter of the 2017/18 financial year.

It said the contract was awarded by Interserve for the deployment of Sabien's patented M2G ‘boiler optimisation technology’ at one of their clients.

Since the company’s last market update on 29 March, Sabien said sales orders totalling £26,500 were also received from Fireye, Optimum Group Services, Schroders Investment Management and Kier Facilities Management.

“This is a great contract win for Sabien and is further recognition of the continuing success we can achieve with our alliance partners,” said chief executive Alan O'Brien.

“This is an excellent demonstration of the quality of our M2G boiler control, scale of installation expertise and the project management that Sabien can bring to a contract of this type utilising skills gathered from previous large scale client M2G roll out programmes.

“We are delighted to be working with Interserve again.”