SulNOx Group PLC Agreements with Nouryon Surface Chemistry AB (4995Z)
September 21 2020 - 1:00AM
UK Regulatory
TIDMSNOX
RNS Number : 4995Z
SulNOx Group PLC
21 September 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
SulNOx Group Plc (the "Company" or "SulNOx")
Agreements with Nouryon Surface Chemistry AB ("Nouryon")
(Aquis Stock Exchange: SNOX)
Date 21 September, 2020
The Company announces that it has today entered into new
agreements with Nouryon where Nouryon agrees to manufacture the
Company's two products; an HFO Emulsifier and a Diesel
Conditioner.
During 2018, SulNOx and Nouryon entered into a Technology
Licence Agreement and an Agency Agreement covering the two products
which would carry Nouryon brand names. These agreements became
effective in August 2018 with a two-year term.
Both Agreements have been renewed for a further three years but
now relate only to a single product which will continue with the
existing Nouryon name of Berol 6446 (Emulsifier).
The Diesel Conditioner now falls under a separate Manufacturing
Agreement with Nouryon which specifies minimum order quantities.
This product has been given the name SulNOxEco(TM) Diesel
Conditioner.
Nicholas Nelson, Chief Executive, commented:
"We are grateful for Nouryon's continued support for the two
fuel products, which are marketed worldwide exclusively by our
subsidiary SulNOx Fuel Fusions Limited"
"Nouryon is a global specialty chemicals leader with the
resources to source the raw ingredients and manufacture in large
quantities."
Enquiries:
Nicholas Nelson, Chief Executive sulnox@flagstaffcomms.com
Media and Investors:
Flagstaff, Strategic and Investor sulnox@flagstaffcomms.com
Communications
----------------------------
AQSE Corporate Adviser :
Allenby Capital Limited
John Depasquale / Nick Harriss /
James Hornigold 020 3328 5656
----------------------------
The directors take responsibility for this announcement.
About SulNOx Group Plc
SulNOx, www.sulnoxgroup.com , has developed a hydrocarbon fuels
conditioning and emulsifying process which enables more efficient
fuel combustion, potentially leading to reduced fuel consumption
and significantly lowered emissions.
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END
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