The board of directors of the company (“the Board”) is pleased to announce that the Rigworld Solutions (“Rigworld”) has agreed to become an Independent Sales Organisation (“ISO”) for the SulNOx Group, building on the Collaboration Agreement announced on 9 December 2020.
The continent of Africa has always been a strong focus for the SulNOx Group with its opportunities in mining, remote power generators, road and railway transportation that must carry people, goods and services over very large distances. We have now been sharing plans with the team at Rigworld Solutions over the past four months and both parties are ready to formalise this ISO agreement.
Mr. Kofi Abban the CEO of Rigworld commented, “It is well known that many of the heavy goods vehicles in Africa are likely to be older than their equivalents in Western Europe. As a result, SulNOx’s state of the art proprietary technology will have an even greater beneficial effect on emission reductions, financial savings and reduced maintenance costs, all of which are very important here. As the head of the Rigworld team, it is a real pleasure to assist in bringing the “Green Revolution” to Africa for the benefit of all our peoples.”
Ben Richardson the COO of the SulNOx Group commented, “SulNOx have known since day one that Rigworld was the perfect partner for us in the continent of Africa. We have planned an exciting strategy together to support industrial and manufacturing growth whilst achieving cost and air quality benefits for all. In the big cities of Africa, improved air quality is vital for human health and as our partnership develops SulNOx will also look to champion various educational and humanitarian causes – exciting times ahead!”
In accordance with the requirements of the Disclosure Guidance and Transparency Rules (“DTR”) and further to the announcement of 18 December 2020, the Company has been informed that the option agreements entered into by several shareholders in respect of the Company’s ordinary shares of 2 pence each (“Ordinary Shares”) with Rigworld Solutions Ltd., part of the Rigworld, have now expired unexercised leaving the significant shareholders unchanged. No financial instruments, as defined by DTR section 5.3, are now extant.
Aquis Stock Exchange Corporate Adviser:
Allenby Capital Limited,
+44 (0) 20 3328 5658
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.