Sabien Technology (LON:SNT) told investors that it has received a new order from Monteray Ltd, the contracted facilities manager for BT Group, worth £338,325 to install its patented M2G energy efficiency technology within the BT estate.
This is in addition to a previous order worth £52,050 and it brings the total value of orders under this contract to £390,375, for the current financial period. These orders will be recognised as sales revenue during the current financial year, said Sabien.
"We're delighted to have secured our third contract with Monteray and to be working again with one of the world's leading communications services companies,” said chief executive Alan O'Brien.
“It's a great endorsement for Sabien that they have chosen M2G again to support their on-going carbon reduction commitments in the UK."
Sabien said that it anticipating further orders of similar value under its deal with Monteray and it said it will update the market as and when it is appropriate do so.
M2G is an intelligent control system for commercial heating and air conditioning systems. According to Sabien the patented technology is proven to reduce energy and carbon emissions, typically between 10 per cent and 25 per cent, with pay back in under 2 years.