(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the “Board“) is delighted to announce that Coastal Workboats Ltd (“CWB”) has become a sub distributor for Independent Sales Organisation (“ISO”) RemNOx Ltd (“RemNOx”) and has already purchased RemNOx Eco Conditioner products (licensed versions of the SulNOxEco™️ Fuel Conditioner products) with sales orders already secured with their clients.
Based in Exeter and Oban and with a planned new shipyard on the River Clyde, Glasgow, CWB are a leading UK based builder of commercial steel and aluminium workboats, serving the Aquaculture, Marine Tourism and Science & Research sectors nationally & internationally. CWB also provide engineering support to the commercial workboat and marine sector through Coastal Workboats Support Services Ltd. The company has strong presence in the marine fishing sector and also has links in Retail, Road Transport and Agricultural sectors and will use its extensive contact base in both England and Scotland to further promote and distribute the RemNOx product range.
Brian Pogson, Managing Director of CWB commented “The RemNOx fuel conditioner product range has been proven to improve consumption figures significantly and hence also reduces emissions. This fits with our ethos of working with technologies that have a positive environmental impact and hence we welcomed the opportunity to collaborate with RemNOx. Whilst there are many technologies under development that aim to contribute to the move towards net zero, we also need to be aware of products that can have an immediate positive impact on existing combustion engine performance which the RemNOx fuel conditioner range does. We are excited to get this partnership underway and make the RemNOx range available to our customers from late August from both our bases in Devon and Argyll and from our mobile support vehicles.”
Khalid Sabri, CEO of RemNOx added “We are so pleased to welcome CWB to our family of contracted, front-line representatives. The professionalism, experience and in-depth knowledge that they bring to the table will also provide reliable and dependable representations for our products and methodologies. CWB’s reputation and strong ties with their numerous clients will deliver new and expanding opportunities for further deployment of the green technology, with every client becoming another positive step towards removing pollution from our lives and saving fuel and maintenance costs at the same time”
Nawaz Haq of SulNOx Fuel Fusions Ltd, stated, “We are experiencing strong demand from the marine sector following impressive results from both clients and academia. Having such established technical marine specialists as CWB recognise that our green technologies can help solve real problems and challenges, such as diesel bug, adds further weight still.
Given a single CWB specialty vessel can have c.160,000 litres of fuel capacity, and with Fishing vessels also consuming large volumes of fuel, we also expect significant sales in the near future. Half of UK’s fishing fleet is aged over 30 years old and the sector needs to urgently reduce its environmental impact. SulNOx products offer viable and scalable green solutions for all marine engines, reducing fuel consumption and emissions by improving combustion and improving operational and technical efficiencies.”
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For further information please contact:
SulNOx Group plc
Steven Cowin, Director
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
Tel: 020 3328 5656