SulNOx Group PLC - New Distribution Agreement and Board Change
RNS Number : 9518T
SulNOx Group PLC
30 November 2021
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

 

30 November 2021

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

New Distribution Agreement and Board Change

(Aquis Stock Exchange: SNOX)

New Distribution Agreement 

The board of directors of the Company (the "Board") is pleased to announce that LocoSoco Group plc ("LocoSoco") has agreed to become an Independent Sales Organisation ("ISO") for the SulNOx Group.

LocoSoco promotes eco-friendly, sustainable and ethically sourced products & services. The team provide the tools, technologies and products to support those people, businesses and communities that want to make a difference.

LocoSoco create, source and distribute products and technologies that contribute to sustainability in a way that creates shared wealth. LocoSoco already work with large organisations, retailers, channel partners and public bodies.

LocoSoco's shares are quoted and traded on the Wiener Borse in Austria, and further details can be viewed on its website, https://locoso.co/.

James Perry the CEO of LocoSoco commented, "Some of the biggest brands and companies globally are now switching to eco-friendly and sustainable alternatives due to a change in consumer buying habits. The natural green technologies of SulNOx make them an "enabler" that contributes to several of the UN's 17 sustainable development goals including climate, health, innovation, and affordable clean energy. We have already seen our client base, which includes many transport, logistics and fuel distributors eager to use the SulNOx products for the benefits of their consumers and employees as they seek more and more ways to meet their ESG goals."

Ben Richardson the CEO of the SulNOx Group commented, "SulNOx products fit in perfectly with LocoSoco's ethos to offer consumers the choice to buy sustainable, eco-friendly products which not only help to save the world, but also provided much-needed financial assistance. By using SulNOx products, consumers will reduce their fuel consumption by c. 10%, saving them money whilst dramatically reducing emissions and particulate matter.

The companies which James and his growing team have already introduced us to are all significant, forward-thinking clients willing to embrace innovative products like ours. LocoSoco deliver sustainable products and technologies with purpose, SulNOx is exactly that and I look forward to a highly successful partnership."

Board Change

The board also wishes to announce the departure of Tony Granger as Chief Administration Officer. Tony has decided to resign from both the company and Board to pursue other opportunities specifically to bolster sales at ElimiNOX, a key distributor of SulNOx range of products.

The Board would like to thank Tony for his efforts and sound counsel over the last year during the relaunch of the SulNOx brand and operations. We look forward to our continued cooperation with Tony and ElimiNOX moving forward.

 

 

- Ends -

 

For further information please contact:

 

SulNOx Group plc
Steven Cowin, CFO

 

Tel: 07624 491 821


 

Allenby Capital Limited

(AQSE Corporate Adviser)

Nick Harriss / John Depasquale

 

Tel: 020 3328 5656

 

 

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