Sabien Technology Group PLC Aeristech: Investor Update
16 Setembro 2021 - 9:02AM
RNS Non-Regulatory
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Sabien Technology Group PLC
16 September 2021
16 September 2021
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Sabien Technology Group plc
("Sabien" or the "Company")
Aeristech: Investor Update
The Board of Sabien Technology Group plc (AIM:SNT) today notes
the announcement by Sprintex (ASX:SIX) of its collaboration with
Aeristech which will facilitate Sprintex' penetration into the
high-growth and lucrative hydrogen energy and clean air markets. In
June 2021, Sprintex opened a 1,500 square metre manufacturing
facility in China which would produce several electrical compressor
(eCompressor) platforms. Aeristech's proprietary designs will form
a key component of these platforms for use in hydrogen fuel cell
vehicles.
On 26 February 2021, Sabien announced that it had made an
investment into Aeristech. This investment was made to support
Aeristech's development of e-boost technologies for hydrogen fuel
cell, hybrid electric, and internal combustion engine powertrains.
Aeristech announced also that it had entered partnerships with
ZeroAvia and GKN Aerospace for the development of new low carbon
hydrogen-electric power trains for use in aviation
applications.
Commenting on the news, Richard Parris, Executive Chairman of
Sabien, stated:
"Sabien's strategy is to invest in the provision of solutions to
the Green Economy. As part of this strategy, the Board took the
decision to invest in Aeristech because of its market leading IP
and technology whose applications in critical transportation
sectors offered considerable scope for growth. The Board is pleased
to note that Aeristech's position has been recognised by another
market-leading participant in this important industry and welcomes
the collaboration with Sprintex. The potential for technologies
such as those offered by Aeristech is now being realised. Sabien
remains committed to seeking further, similar opportunities in its
pursuit of a leading position within the Green Economy."
For Further Information:
Sabien Technology Group plc
Richard Parris, Executive Chairman +44 20 7993 3700
Allenby Capital Limited (Nominated Adviser)
John Depasquale / Nick Harriss +44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 207 469 0930
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September 16, 2021 08:02 ET (12:02 GMT)
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