SulNOx Group PLC New Distribution Agreement and Board Change (9518T)
30 November 2021 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 9518T
SulNOx Group PLC
30 November 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
30 November 2021
SulNOx Group Plc (the "Company" or "SulNOx")
New Distribution Agreement and Board Change
(Aquis Stock Exchange: SNOX)
New Distribution Agreement
The board of directors of the Company (the "Board") is pleased
to announce that LocoSoco Group plc ("LocoSoco") has agreed to
become an Independent Sales Organisation ("ISO") for the SulNOx
Group.
LocoSoco promotes eco-friendly, sustainable and ethically
sourced products & services. The team provide the tools,
technologies and products to support those people, businesses and
communities that want to make a difference.
LocoSoco create, source and distribute products and technologies
that contribute to sustainability in a way that creates shared
wealth. LocoSoco already work with large organisations, retailers,
channel partners and public bodies.
LocoSoco's shares are quoted and traded on the Wiener Borse in
Austria, and further details can be viewed on its website,
https://locoso.co/ .
James Perry the CEO of LocoSoco commented, "Some of the biggest
brands and companies globally are now switching to eco-friendly and
sustainable alternatives due to a change in consumer buying habits.
The natural green technologies of SulNOx make them an "enabler"
that contributes to several of the UN's 17 sustainable development
goals including climate, health, innovation, and affordable clean
energy. We have already seen our client base, which includes many
transport, logistics and fuel distributors eager to use the SulNOx
products for the benefits of their consumers and employees as they
seek more and more ways to meet their ESG goals."
Ben Richardson the CEO of the SulNOx Group commented, "SulNOx
products fit in perfectly with LocoSoco's ethos to offer consumers
the choice to buy sustainable, eco-friendly products which not only
help to save the world, but also provided much-needed financial
assistance. By using SulNOx products, consumers will reduce their
fuel consumption by c. 10%, saving them money whilst dramatically
reducing emissions and particulate matter.
The companies which James and his growing team have already
introduced us to are all significant, forward-thinking clients
willing to embrace innovative products like ours. LocoSoco deliver
sustainable products and technologies with purpose, SulNOx is
exactly that and I look forward to a highly successful partnership
."
Board Change
The board also wishes to announce the departure of Tony Granger
as Chief Administration Officer. Tony has decided to resign from
both the company and Board to pursue other opportunities
specifically to bolster sales at ElimiNOX, a key distributor of
SulNOx range of products.
The Board would like to thank Tony for his efforts and sound
counsel over the last year during the relaunch of the SulNOx brand
and operations. We look forward to our continued cooperation with
Tony and ElimiNOX moving forward.
- Ends -
For further information please contact:
SulNOx Group plc Tel: 07624 491 821
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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