THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
30 June 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Trading Update - Q1 Revenues already similar to full year 2022
(Aquis Stock Exchange: SNOX)
SulNOx, the fuel decarbonisation specialists, announces a trading update ahead of "
· Revenue for Q1 of our current financial year is already at a similar level to the revenue booked in the Full Year 2022 (unaudited) as our direct and distributor sales gather momentum.
o SulNOx have now generated revenues from sales in 12 countries:
o Revenues agreed but not yet booked or under discussion in 7 additional countries.
o Retail clients: Amazon now live and sales building along with our online shop on the SulNOx website.
· Distributors and Introducers - total number of distributors and introducers now 56 - up from c.40 in February - with multiple others in new and important geographies under discussion.
· Sales cycle shortening following successful testing and evaluations: Most orders are now paid evaluations or repeat purchases following successes across various industry sectors and vehicle types including:
o Automotive success - 13.3% fuel saving over a 4,000km journey with a BMW 3 series 320d Touring inspected by TÜV SÜD (equivalent to DVLA in
o Van success - 6.5% fuel saving on a company fleet.
o Bus success - 9% fuel saving on regular bus route of E&M Horsburgh.
o Trucks - 8% fuel savings on a variety of makes but also maintenance savings and success from stabilizing fuels across
o Loader success - up to 10% using biofuels.
o Shipping success - over 19% power and 15% torque improvement with additionally "remarkable" results in testing with Wismar University in
o Additional opportunities continue to progress with inter alia. train companies, power stations, and refiners / fuel distributors of significant scale.
PR update - Successful article in The Times Raconteur supplement with several other articles in mainstream press including The Sun, The Express and many magazines and journals. Total readership is now >26million from our articles.
- Ends -
For further information please contact:
SulNOx Group plc
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
Tel: 020 3328 5656