SulNOx Group PLC New order in Ghana for SulNOxEco Fuel Conditioner (6085Z)
15 September 2022 - 12:00PM
UK Regulatory
TIDMSNOX
RNS Number : 6085Z
SulNOx Group PLC
15 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
15 September 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Larger, repeat order in Ghana for SulNOxEco(TM) Fuel
Conditioner
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") is
extremely pleased to announce that our partner based in Ghana,
Nationwide Technologies Ltd ("NTL") has purchased a further 3 x IBC
( Intermediate bulk containers) of SulNOxEco(TM) Fuel Conditioner,
capable of treating c.6 million litres of diesel, as momentum
builds in Africa.
Since NTL's last order of 2 x IBC of SulNOxEco(TM) Fuel
Conditioner in Spring 2022, they have experienced strong demand and
sales across multiple sectors and end users with a second and
larger bulk order now placed.
NTL restructured recently to form a dedicated team to promote
SulNOxEco(TM) Fuel Conditioner and to meet demand and grow sales
beyond Ghana with new agreements being discussed across Africa
including Nigeria, Cote d'Ivoire, Zambia, Gabon and
Congo-Brazzaville.
SulNOxEco(TM) Fuel Conditioner is going viral amongst everyday
drivers in Ghana and numerous industry players are now coming on
board. There are a significant and growing number of testimonials
showing immediate impacts and even more significant improvements on
fuel consumption, emissions, pollution and engine performance than
the already significant savings seen in Europe.
Dr Andrew Boye of NTL, a chemical engineer and specialist in
fluid dynamics stated "Harsh motoring conditions and poor fuel
quality remain the bane of the ordinary vehicle owner. The most
compelling feature of SulNOx products is the efficient way they
improve the combustion of the fuel and deal with water issues.
Extensive trials of the product over the last 6 months have
consistently demonstrated nothing short of "miraculous" fuel
savings and immediate engine reliability improvements. Everyone who
uses the product wants to buy more or even become a distributor to
others."
Mr. Tizard Ansah of the Association of Oil Marketing Companies
in Ghana, an industry advocacy group directing downstream policy,
legislation and regulation, evaluated the product to verify the
benefits before recommending its use amongst industry leaders
particularly oil marketing companies. Mr Ansah stated,
"SulNOxEco(TM) Fuel Conditioner reduced my fuel consumption and
emissions and gave me noticeable improvements in the responsiveness
and performance of my old engine bringing it back to life. I am
therefore happy to recommend the SulNOx advanced fuel conditioner
to anyone using a combustion-based engine, knowing it will not only
reduce their vehicle running costs, including engine wear of key
parts but also do their bit for the environment."
Nawaz Haq of SulNOx Fuel Fusions states, "Ben Richardson, CEO of
SulNOx, and I met the NTL team, officials and various industry
leaders in Ghana in Summer 2022 and were excited by the scope and
interest at the time in the marketplace. Since then, there has been
significant progress and take up and this repeat order demonstrates
that our sales cycle is now getting shorter. The news of our
products' benefits is spreading fast across Africa and escalating
sales further.
Fuel quality across Africa is generally poor and inconsistent
and there is a comparatively high proportion of older vehicles on
the road. SulNOxEco(TM) Fuel Conditioner helps to stabilise fuels
and improve fuel quality, not only resulting in significantly lower
fuel consumption and greenhouse gases, but also Particulate Matter
too which is a huge concern for human health in Africa, currently
responsible for over 1 million deaths per annum. Pollution from
transportation is a significant contributor particularly as a large
proportion of vehicles do not benefit from modern exhaust systems
capable of capturing such pollutants.
Africa is heavily reliant on imported refined petroleum products
and realistically has limited scope to transition away from
combustion engines. SulNOx provides an immediate and scalable
solution with economic, environmental and health benefits which has
now caught the attention of official bodies. We are hugely pleased
with progress by NTL to date and look forward to helping to deliver
further growth with them in the near future."
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, Director
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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