THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
24 March 2021
SulNOx Group Plc (the "Company" or "SulNOx")
Appointment of New Distributor
(Aquis Stock Exchange: SNOX)
The board of directors of the company ("the Board") is pleased to announce that A & S International Ltd ("A & S") has agreed to become an Independent Sales Organisation ("ISO") for SulNOx.
The A & S team has been in the distribution business for 47 years and sell a range of machinery lubrication and bioremediation solutions to multiple industries, including both shipping and mining, with more than 50 distribution arrangements in over 40 countries. The strategic vision of SulNOx is to provide its unique proprietary environmental technology, manufactured by Nouryon, a global speciality chemicals leader, to ISO around the world, who have known their customers for many years. The arrangement with A & S is an important step in the development of our strategy.
Angus Macdonald of A&S commented, "As a business, we always search for specialist sustainable products that can enhance the experience of our clients in their fields of excellence as well as importantly helping the environment. Having now been in conversations with SulNOx for around three years, both parties agree that everything is now in place to take these unique environmental products to our extensive customer base."
Ben Richardson, the COO of SulNOx commented, "We are aware of the quality of the A&S distribution business and the reach that it has across the globe. The SulnoxEco™ Fuel Conditioner is fully developed and proven in both diesel and petrol engines. Our task is to introduce this unique environmental science to a market of enormous size, and it is vital to appoint quality ISO. A & S will now deliver this exciting proprietary technology to their customer base and become recognised as a state-of-the-art supplier to over 40 countries in the fast-developing Green Revolution."
SulNOx Group Plc
Tony Granger, Non-Executive Chairman
AQSE Corporate Adviser:
Allenby Capital Limited
Nick Harriss / John Depasquale
020 3328 5656