SulNOx Group PLC - Agreements with Nouryon Surface Chemistry AB
RNS Number : 4995Z
SulNOx Group PLC
21 September 2020
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

SulNOx Group Plc (the "Company" or "SulNOx")

Agreements with Nouryon Surface Chemistry AB ("Nouryon")

 

(Aquis Stock Exchange: SNOX)

 

Date 21 September,  2020

The Company announces that it has today entered into new agreements with Nouryon where Nouryon agrees to manufacture the Company's two products; an HFO Emulsifier and a Diesel Conditioner.

During 2018, SulNOx and Nouryon entered into a Technology Licence Agreement and an Agency Agreement covering the two products which would carry Nouryon brand names. These agreements became effective in August 2018 with a two-year term.

Both Agreements have been renewed for a further three years but now relate only to a single product which will continue with the existing Nouryon name of Berol 6446 (Emulsifier).

The Diesel Conditioner now falls under a separate Manufacturing Agreement with Nouryon which specifies minimum order quantities. This product has been given the name SulNOxEco™ Diesel Conditioner.

Nicholas Nelson, Chief Executive, commented:

"We are grateful for Nouryon's continued support for the two fuel products, which are marketed worldwide exclusively by our subsidiary SulNOx Fuel Fusions Limited"

"Nouryon is a global specialty chemicals leader with the resources to source the raw ingredients and manufacture in large quantities."

 

Enquiries:

Nicholas Nelson, Chief Executive

 

sulnox@flagstaffcomms.com

 

Media and Investors:

Flagstaff, Strategic and Investor Communications

 

 

 

sulnox@flagstaffcomms.com

AQSE Corporate Adviser :

 

Allenby Capital Limited

John Depasquale / Nick Harriss / James Hornigold

 

 

 

 020 3328 5656

 

 

 

The directors take responsibility for this announcement.

About SulNOx Group Plc

SulNOx, www.sulnoxgroup.com, has developed a hydrocarbon fuels conditioning and emulsifying process which enables more efficient fuel combustion, potentially leading to reduced fuel consumption and significantly lowered emissions.

 

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