Sabien rolling out M2G cloud solution in US market

4th Oct 2023 14:33

(Sharecast News) - Sabien Technology Group announced the US rollout of its M2G cloud-enabled gas boiler energy-saving solution on Wednesday.

The AIM-traded firm said the M2G cloud solution, which can minimise energy consumption in gas boilers, would be rolled out in the United States through a structured partnership with Greffen Systems, its inaugural installation partner.

Greffen, currently deploying traditional M2G solutions in school districts throughout Texas and across various sectors in North America, would also collaborate with Sabien engineers.

The collaboration aimed to execute the first campus installation of the M2G cloud solution for a significant Texas-based oil and gas company.

That customer engagement was facilitated through Sabien's fresh partnership with a globally recognised, US-listed property management company.

From a financial perspective, this transatlantic partnership and solution deployment were expected to generate a minimum additional revenue of £0.1m within the current financial year.

"I am excited to meet our US partners in what is arguably the energy capital of the world," said chairman Richard Parris.

"The US is a market I know well, and I believe our newly developed cloud-enabled boiler efficiency and monitoring solutions are exactly what the US property management industry is looking for to save gas consumption, reduce operating costs, lower carbon dioxide emissions, and offer better service levels to estate owners and operators."

At 1323 BST, shares in Sabien Technology Group were up 0.97% at 8.33p.

Reporting by Josh White for Sharecast.com.