THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310 .
The directors take responsibility for this announcement.
20 September 2022
SulNOx Group Plc (the "Company" or "SulNOx")
First and Major Train Evaluation
(Aquis Stock Exchange: SNOX)
At the annual general meeting of the Company (the "AGM") to be held later today, Ben Richardson, CEO, will make the following update.
"The Company is beginning to see significant traction in the sales of its SulNOxEco™ Fuel Conditioner product and is discussing an order for its Berol 6446 product for oil reclamation following successful laboratory trials on 4 waste oil types. During the year to 31 March 2022, sales were
We have announced the most significant of these sales over recent weeks, including the latest of these today. These have been achieved across different business sectors (notably haulage and shipping) and locations (across
Major Train Evaluation
The board of the directors of the Company (the "Board") is also very pleased to announce the start of a new large-scale paid evaluation of its SulNOxEco™ Fuel Conditioner product with a major international rail company consuming some 10,000 Tonnes of diesel per annum.
The Grampet Group ("Grampet") is formed by 18 companies grouped by activity domains: operators of rail transport involving cargo, logistic, construction, repairs and maintenance of rolling stock and IT services. Annually, Grampet transport approximately 22 million tonnes of freight, 20% internationally, through a fleet of 20,000 wagons and 400 locomotives, with railway freight companies operating in
Grampet is already evaluating the SulNOxEco™ Fuel Conditioner in 3 locomotives in
Sorin Chinde, Vice President of the Transports division of Grampet Group, said of the evaluation: "Whilst rail is already much more environmentally friendly than other modes of transport, and we actively encourage the return to more railway usage, Grampet services also continue to encourage further sustainability initiatives as a part of our continuous optimisation programmes. We are delighted to be trialling the SulNOx product which could pave the way for a rapid and significant reduction in our fleet emissions."
Ben Richardson the CEO of SulNOx commented, "We are very pleased to be partnering with Grampet and helping them to further their sustainability priorities. A freight train will consume some 8 litres of diesel fuel per kilometre travelled vs a car which is around 0.06 litres, so it is a significant opportunity for SulNOx to become a further, immediate global solution in a sector of transportation which is heavily reliant on diesel. SulNOx is able to provide an immediate solution in terms of better fuel economy and reduced emissions to a sector that is a major consumer of diesel."
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For further information please contact:
SulNOx Group plc
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
Tel: 020 3328 5656