SulNOx Group PLC New Distribution Agreement in Chile (0266I)
April 12 2022 - 1:01AM
UK Regulatory
TIDMSNOX
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 Tel: 07624 491821
Steven Cowin, Chief Financial
Officer
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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