News blog
Sabien Technology
- BY: Andrew Hore |
- POSTED: 01/06/2010 |
Sabien Technology says that delayed orders mean that it will not move into profit in the year to June 2010.
Quotations worth £3.8m have been made but local authorities have been distracted by elections. Even when terms have been agreed the start date has been put off.
Sabien develops products that improve the efficiency of boilers and air conditioning units. Sabien joined Aim on 20 December 2006 when it raised £3.2m at 50p a share. There was also a loan note issue that raised £800,000.
The M2G improves boiler efficiency and reduces energy wastage. Boilers tend to turn on and off more than is necessarily. If the M2G is fitted to the boiler the unnecessary energy use is stopped. Sabien claims that gas consumption can be cut by between 10% and 25% and the payback period from the investment should be less than two years.
The M3G is an electronic memory-based control unit which is used to evaluate the inefficiencies of air conditioning. It assesses the temperatures and after this assessment time it determines the most efficient use of the air conditioning compressor. Air conditioning can account for up to half of electricity consumption in a building. The M3G should also extend the lifetime of the compressor through its lower usage.
Sabien recently changed its nominated adviser and broker from Arbuthnot to Altium.
The company is hopeful that it will be able to announce new contracts in the near future.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|