Sabien Technology Group, which manufactures and supplies M2G, a boiler energy efficiency technology, has won a new order to install M2G across the Ministry of Defence (MoD) south east regional prime contract, which is managed by PriDE, a joint venture between Interserve Defence and SSE Contracting.
The group added that it expects further orders before the end of its financial year on June 30th.
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PriDE will be responsible for estate management and construction services at almost 100 MoD sites throughout the south-east region, encompassing nearly 6,000 buildings and facilities.
It is anticipated that a large part of these orders will be recognised as sales revenue during this financial year, the group said. Installation work has already started at a number of sites.
The share price jumped 12.2% to 23p by 08:30.
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