Sabien Technology Limited announced it has been awarded a contract by Norland Managed Services Ltd. (Norland), to install its M2G technology at one of Norland's own customers. The contract value and details remain confidential but the order is for the deployment of M2G at approximately 25 sites and the contract value represents just under 10% of last year's turnover.

Sabien Technology Limited announced that the Group has signed a non-exclusive distribution agreement with Fireye for commercial and industrial applications throughout the world based in New Hampshire, U.S., for the supply of its UL-approved M2G boiler optimisation controller. The territories covered by the agreement include the U.S., the European Union, Switzerland, China, Japan and South Africa. The M2G product will feature the Fireye logo and will be promoted through Fireye's network of distribution partners and sales teams in the territories covered by the agreement.

Sabien Technology Limited announced unaudited consolidated earnings for the six months period ended December 31, 2012. For the period, the company reported revenue of £942,000 against £1,492,000 a year ago. Operating loss was £77,000 against operating profit of £293,000 a year ago. Loss before tax was £67,000 against profit before tax of £301,000 a year ago. Loss for the period attributable to equity holders of the parent company was £67,000 or 0.2 pence per diluted share against profit for the period attributable to equity holders of the parent company of £364,000 or 1.1 pence per diluted share a year ago. Net cash outflow from operating activities was £181,000 against Net cash inflow from operating activities of £316,000 a year ago. Purchase of property, plant and equipment and intangible assets was £41,000 against £14,000 a year ago. The company also announced that the retirement of Dr. Clive Morton from the Board and appointment of Mrs. Miriam Maes as Chairman.