SulNOx Group PLC First orders in Asia (1069X)
24 August 2022 - 1:45PM
UK Regulatory
TIDMSNOX
RNS Number : 1069X
SulNOx Group PLC
24 August 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
24 August 2022
SulNOx Group Plc (the "Company" or "SulNOx")
First orders in Asia following impressive evaluations
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") today
announces sales in another new and significant geography with sales
of its SulNOxEco(TM) Fuel Conditioner product in Indonesia and The
Philippines, again through master distributor A&S International
("A&S").
SulNOx has sold fuel conditioner to two distributors with
significant sales footprints for clients with similar product
demands across the region. The new Filipino distributor has c.35
sales staff with offices in Manila and other key cities,
principally selling to large construction and industrial clients
with sizeable vehicle fleets. The initial order of 25 litres is a
pre-cursor to a mid-September product launch.
A&S has worked with their Indonesian partner for over 20
years. They are headquartered in Jakarta, with more than 600
employees and have a significant and large-scale retail and
commercial customer reach, supported by a network of 15 branches,
representatives and agents spread across all major cities in
Indonesia.
The initial Indonesian order is for 1,200x 250ml bottles of
SulNOxEco(TM) (700 petrol and 500 diesel) following on from highly
successful evaluations which included significant fuel savings,
power and torque improvements in a petrol car and diesel
multi-purpose van (MPV).
Of particular note, and corroborating other client evaluation
data on a large caterpillar loader, are the results with B30
diesel, i.e. with 30% bio content. SulNOxEco(TM) showed 9.8% fuel
reduction in city driving and 5.4% on highways with improved power
and torque.
Ben Richardson, CEO of SulNOx commented, "With a combined
population of c.400 million, and as countries with significant
natural resources including petroleum and nickel and copper mining
operations, these new geographies represent significant potential
marketplaces for SulNOx. A&S has been working with the sales
teams for many years and are highly confident about the expected
scale of success in the region. I have already seen the
professionalism and attention to detail from the Indonesia team and
am excited by the potential of these new partnerships."
Angus MacDonald, Managing Director at A&S International,
said of the initial order, "We are very happy with the fuel savings
and improvements in power and torque from our testing with SulNOx.
We feel strongly that our customers will also greatly appreciate
these benefits and so are delighted to purchase our first SulNOx
stock for Asia. We are seeing SulNOx playing an increasingly
important part in our product portfolio for our clients. We are
travelling to Asia in the coming weeks and expect significant sales
from the region in the future."
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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END
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