Sabien Technology was found in 2004 and floated on AIM in 2006. Its speciality is the use of patented hardware and intelligent software to improve a boiler’s efficiency by reducing energy wastage. The technology is encapsulated in two products, M1G and M2G, for use with different types of boiler. The focus is on private and public organisations and businesses, rather than individual customers. Sabien are also the exclusive UK distributor of EndoTherm, a product that is added to water in a boiler system to improve contact with the boiler walls, hence improving efficiency. In the financial year to June 2016 Sabien installed 35 pilot plants and had a headcount of 20.
Exchange: London AIM (SNT)
Financial Data from Exchange website: LSE summary
Recent Financial Report: Interim to 29 March 2017 and earlier
Initially the company’s financial model envisaged that clients would purchase a pilot plant (one estimate is a cost of about £20,000), discover that Sabien could save them significant sums and accordingly make a substantial commitment. The new strategy involves Sabien paying for the pilot plant, the client realising that significant savings are possible and so making a financial commitment.
Results for the year to June 2016 were worse than the previous year because, according to the company, it was a year of transition from the old to the new strategy.
Sabien Technology Group
34 Clarendon Road
Watford WD17 1JJ
Tel +44 207 993 3700
Chairman: Bruce Gordon
CEO: Alan O’Brien
Short description: Hydrogen fuel cells
Fields of interest: Heat