SulNOx Group PLC Sales Update (5063G)
15 November 2022 - 5:15PM
UK Regulatory
TIDMSNOX
RNS Number : 5063G
SulNOx Group PLC
15 November 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
15 November 2022
SulNOx Group Plc
(the "Company" or "SulNOx")
Sales Update
Second Innovation Award of 2022, New and repeat Revenues and
Mello Monday
(Aquis Stock Exchange: SNOX)
The Board of Directors of SulNOx (the "Board") is pleased to
report additional revenues with a new order in South Africa and a
larger, repeat order from the Costa Rican sub-distributor of
A&S, Central de Mangueras ("CDM") following successful
evaluations and strong customer demand for the product, especially
in agriculture.
Ben Richardson, CEO of SulNOx commented: "We are encouraged by
the positive news coming from two continents and expect this
revenue momentum to continue with highly promising discussions in
the USA, Canada, Singapore and with continued, significant
successes in Africa."
The Board is also delighted to announce that the Company has
again been acclaimed with a leading industry innovation award.
SulNOx was recognised at the Logistics Leadership Awards for its
ground-breaking technologies which reduce fuel consumption,
emissions and pollution from fossil and biofuels after being
nominated by members of the industry. The Logistic Leaders Network,
which represents around 17,000 logistics personnel across the UK,
hosted the awards, stated that SulNOx Group had clearly
demonstrated that their products could " make a significant
difference to the business of its customers ."
This is the second innovation award of 2022 with SulNOx
Distributor ElimiNOX having won an award from the UK and Ireland
Fuel Distribution Association ("UKIFDA") for successfully promoting
"innovative fuel conditioners" ElimiNOX Eco(TM), developed by
SulNOx Group Plc."
Ben Richardson commented: "Almost all logistics operations run
on vehicles with internal combustion engines primarily using
diesel, and this is a situation that is not likely to change
significantly for some time, and certainly not by 2030. HGVs and
vans are responsible for a staggering 35 million metric tonnes of
carbon dioxide equivalent in the UK alone. Whilst further
developments are required for longer-term solutions, immediate
impact is necessary over the short- to medium-term and the only
real route is to improve efficiencies to reduce fuel consumption
and emissions. SulNOx have invented a unique solution for this .
"
Elsewhere, SulNOx have had great success in our first season
fuelling and sponsoring the motor racing series "Legends Racing"
with its worldwide viewership of as many as 1.5 million across
platforms including Amazon. Drivers have reported improved pick-up,
reliability and less visible smoke from exhausts and Miles Rudman
entered the record books as a three-time champion along with a
first win for Ricky Leggatt in their SulNOx liveried cars.
SulNOx is also pleased to announce that the Company will be
presenting and exhibiting at the MelloLondon investor conference
today and again tomorrow, Thursday 17th November 2022, to be held
at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY.
CEO Ben Richardson will be introducing SulNOx to delegates and
taking questions.
- 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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