SulNOx Group PLC Repeat order with further potential in Germany (3410Q)
28 Juni 2022 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 3410Q
SulNOx Group PLC
28 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
28 June 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Significant and repeat order with further potential in
Germany
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") is
pleased to announce a further significant sale of its SulNOxEco(TM)
Fuel Conditioner product to Swiss and German sales organisation
"Swiss Fuel Services"("SFS"), a sub-distributor for A&S
International ("A&S"). SFS focuses on selling products which
achieve effective improvements on efficiency and emission values as
well as sustainable reductions in fuel costs for both land
transportation and open-sea vessels.
This order is another repeat order, following an initial order
of 100 litres, SFS have now purchased an additional and significant
c.1,000 litres of SulNOxEco(TM) Fuel Conditioner, following several
successful product evaluations, including a 13.3% fuel saving over
a 4,000km journey with a BMW 3 series 320d Touring inspected by TÜV
SÜD (equivalent to DVLA in UK), and confirmed fuel savings on
Mercedes Transporter trucks. The most important development however
is that following on from "remarkable" results in testing with
Wismar University in Germany (previously reported in error as
Rostock University), SulNOx is now receiving incoming calls from
major shipping companies looking to conduct evaluations for both
the Berol 6446 Heavy Fuel Oil product and SulNOxEco(TM) product for
Very Low Sulphur Fuel Oil and Marine Gas/Diesel Oil at scale.
SFS Head of Business Development Holger Güttinger, said of the
additional order, "The SulNOx product range is extremely exciting
for us. Following on from the successful automotive, trucking and
University evaluations, our clients in the German retail sector,
trucking and logistics companies are all very keen to evaluate the
product and we are seeing considerable interest from large retail,
transportation and shipping clients. With diesel prices exploding
in Germany since the invasion of Ukraine and a strong focus on
green credentials from German and Swiss Companies, we foresee these
orders as merely the beginning and have an extremely strong
business pipeline."
Ben Richardson, CEO of SulNOx commented, "Germany has always
been a key target market for SulNOx and we are ecstatic at the
progress Holger and the team are making. The scale of many of the
opportunities under discussion would be transformational to SulNOx
- a single shipping company with c.30 medium sized vessels would
take SulNOx into profit - SFS has multiple, and some extremely
large, opportunities at various stages of the sales cycle. With
rising fuel prices, increasing Regulations and desire to meet ESG
goals, many corporates are finally seeing the immediate and "easy
to use" solutions to reduce fuel, maintenance costs and emissions
that the SulNOx products can provide."
Angus MacDonald, MD of A&S added, "We have been working with
the SulNOx team since March 2021 through COVID and Brexit and now
with the ongoing Ukrainian crisis, oil price rises and continued
China supply chain issues, which have all meant evaluations have
been challenging to get underway and often prolonged in nature.
What we are now experiencing is the uptick in sales and enquiries
resulting from these very successful 3(rd) party and independent
studies which proved the dramatic effectiveness of the SulNOx
products at reducing consumption and emissions. Whilst Germany is
leading the way, we expect additional orders from multiple
countries near term."
For further information please contact:
SulNOx Group plc Tel: 07624 491821
Steven Cowin, Chief Financial
Officer
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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