Shares of AIM-listed Sabien Technology (LON: SNT) are gaining on Wednesday morning after the company announced it has incorporated Sabien, Inc, its wholly-owned US subsidiary in the State of Delaware.
US Investor and technology company operator, Danny Mills, has been appointed as President with Richard Parris as Chairman and Company Secretary.
Sabien Inc will be based in San Antonio, Texas snd will be used to source merger and acquisition opportunities for the group in the US while also building and operating distribution channels.
“Having worked in many industries throughout my career, including the oil and gas industry in Texas, and the technology industry across many verticals, I believe Texas to be the ideal centre for growing Sabien, Inc., given its technology friendly business climate coupled with its energy industry focus,” commented Sabien Inc’s President, Danny Mills.
Energy efficiency firm, Sabien Technology’s share price is up 5.91% at 0.1165p following the announcement.
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