SulNOx Group PLC - New Distribution Agreement in Chile
RNS Number : 0266I
SulNOx Group PLC
12 April 2022
 

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

 

12 April 2022

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

New Distribution Agreement in Chile

(Aquis Stock Exchange: SNOX)

The board of directors of the Company ("the Board") is pleased to announce that COMERCIAL NEO ENERGY SPA ("Neo Energy") has agreed to become an Independent Sales Organisation ("ISO") for SulNOx.

Based in Chile, Neo Energy and its associated companies have been long established providers of energy efficiency solutions across multiple commercial sectors.

Chile is a resource rich country with the largest lithium reserves in the world and a top copper producer with 28% of global production.  The mining sector accounts for 11% GDP with significant contributions from other heavy industries and transportation.  

With environment and climate change issues central to Chile's new government, there is a strong drive to reduce emissions and air pollution across its industries providing a timely and significant opportunity for SulNOx.

Jorge Arancibia, Commercial Director at Neo Energy commented, "Over the years, we have explored numerous technologies to increase fuel efficiencies across mining, power generation, transportation and other heavy industries alongside reducing their environmental impact.  We have struggled to find products that have worked or been consistently effective, however SulNOx can finally provide a solution.  It is important that the economy in Chile continues to grow at a fast pace, but it is exciting that SulNOx technology can reduce emissions and improve air quality in the process."  

Jimmy Redman, SulNOx inventor and MD of SulNOx Fuel Fusions commented, "It is now being increasingly recognised that SulNOx provide new, effective and vital solutions to worldwide problems and we are pleased to expand our sales capability across the globe particularly in key markets such as Chile.   Neo Energy, with extensive technical insight, understand how SulNOx could help their clients' operations and we look forward to a highly successful partnership."

- Ends -

 

For further information please contact:

 

SulNOx Group plc
Steven Cowin, Chief Financial Officer

 

Tel: 07624 491821


 

Allenby Capital Limited

(AQSE Corporate Adviser)

Nick Harriss / John Depasquale

 

Tel: 020 3328 5656

 

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