THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
14 June 2021
SulNOx Group Plc (the "Company" or "SulNOx")
New Collaboration Agreement
(Aquis Stock Exchange: SNOX)
The board of directors of SulNOx ("the Board") is pleased to announce a collaboration agreement with The Hythe Group, a
This far-reaching arrangement is to bring together the unique environmental science of SulNOx and the maritime engineering skills of Hythe Marine Services (a Hythe Group company) built up over the last 15 years at all levels from small vessels up to aircraft carriers. As a professional combined team, we aim to be able to educate and deliver SulNOx's proprietary technologies to the world's largest shipping companies, through engineers of the highest standing. Together, we wish to save ship operators money through reduced fuel consumption and significantly reduce toxic emissions.
Josh Mathias, Managing Director of The Hythe Group, commented, "As a British engineering company, that has a strong connection to the Maritime Industry, we welcome the chance to work with SulNOx in the quest to help the shipping industry adopt this exciting and unique cost-saving green technology."
Ben Richardson the CEO of the SulNOx Group commented, "To be credible in front of the world's most prestigious shipping companies, we must add engineering skills of the highest order to our scientific offering. The Hythe Group have all the necessary regulatory approvals to go aboard Naval and Merchant ships alike and have all the top-quality engineering capabilities that we need for an industry that moves over 90% of world trade. We are genuinely excited by this collaboration agreement."
SulNOx Group Plc
Tony Granger, Chief Administration Officer
AQSE Corporate Adviser:
Allenby Capital Limited
Nick Harriss / John Depasquale
020 3328 5656