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- UK CFOs getting more pessimistic
- British security risk management firm doing ‘OK’
- UK IT stocks fairing better than average?
- UK’s Autonomy wins deal with Fiat
- British search firm Simplexo partners with Ingres
- UK's Kofax buys Swedish OptiInvoice
- UK's Xchanging buys controlling stake in Indian outsourcer
- Bank of England policymaker says interest rates “must come down”
- UK economy “on its way into recession”: chief economist
- UK components maker sees tough times ahead
- UK video streaming co. to de-emphasise Europe; CEO quits
- Autonomy stock up 22% as it announces EC license
- British ‘iPhone chipmaker’ sees falling demand; stock crashes
- British energy-saving devicemaker sees strong pipeline
- UK IT healthcare vendor ponders MBO
- Detica wins HMRC deal
- Mind the GAAP: the risk of trusting pro forma results
UK Tech Finance Blog
British energy-saving devicemaker sees strong pipeline
October 02, 2008
AIM-listed Sabien Technology Group, which makes and sells energy saving devices, said its sales pipeline looks 'very promising' and should start delivering revenues during 2008-09.
The company makes devices that are claimed to save a company money on its boiler or air conditioning costs as well as reduce its carbon footprint...[click continue reading for more]...
An order with Aviva for £188,000 will certainly be welcome news at the company, which posted a year to June pretax loss of £980,000 on revenue of £681,000, against a pretax loss of £747,000 on revenue of £632,000 a year earlier, “reflecting the increase in investment in key personnel,” according to the company.
Its two products, M2G and M3G, are claimed to be proven to reduce energy and carbon emissions by up to 35% with typical pay back in under 2 years.
The M2G is an intelligent boiler load optimisation controller that improves the efficiency of each individual boiler, while the M3G is said to be an electronic, self learning, memory based control unit that reduces the electricity consumption of commercial air conditioning units.
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