Second Innovation Award of 2022, New and repeat Revenues and Mello Monday
(Aquis Stock Exchange: SNOX)
The Board of Directors of SulNOx (the “Board”) is pleased to report additional revenues with a new order in South Africa and a larger, repeat order from the Costa Rican sub-distributor of A&S, Central de Mangueras (“CDM“) following successful evaluations and strong customer demand for the product, especially in agriculture.
Ben Richardson, CEO of SulNOx commented: “We are encouraged by the positive news coming from two continents and expect this revenue momentum to continue with highly promising discussions in the USA, Canada, Singapore and with continued, significant successes in Africa.”
The Board is also delighted to announce that the Company has again been acclaimed with a leading industry innovation award. SulNOx was recognised at the Logistics Leadership Awards for its ground-breaking technologies which reduce fuel consumption, emissions and pollution from fossil and biofuels after being nominated by members of the industry. The Logistic Leaders Network, which represents around 17,000 logistics personnel across the UK, hosted the awards, stated that SulNOx Group had clearly demonstrated that their products could “make a significant difference to the business of its customers.”
This is the second innovation award of 2022 with SulNOx Distributor ElimiNOX having won an award from the UK and Ireland Fuel Distribution Association (“UKIFDA“) for successfully promoting “innovative fuel conditioners” ElimiNOX Eco™, developed by SulNOx Group Plc.”
Ben Richardson commented: “Almost all logistics operations run on vehicles with internal combustion engines primarily using diesel, and this is a situation that is not likely to change significantly for some time, and certainly not by 2030. HGVs and vans are responsible for a staggering 35 million metric tonnes of carbon dioxide equivalent in the UK alone. Whilst further developments are required for longer-term solutions, immediate impact is necessary over the short- to medium-term and the only real route is to improve efficiencies to reduce fuel consumption and emissions. SulNOx have invented a unique solution for this.”
Elsewhere, SulNOx have had great success in our first season fuelling and sponsoring the motor racing series “Legends Racing” with its worldwide viewership of as many as 1.5 million across platforms including Amazon. Drivers have reported improved pick-up, reliability and less visible smoke from exhausts and Miles Rudman entered the record books as a three-time champion along with a first win for Ricky Leggatt in their SulNOx liveried cars.
SulNOx is also pleased to announce that the Company will be presenting and exhibiting at the MelloLondon investor conference today and again tomorrow, Thursday 17th November 2022, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. CEO Ben Richardson will be introducing SulNOx to delegates and taking questions.
SulNOx Group Plc,
Chief Financial Officer,
AQSE Corporate Adviser:
Allenby Capital Limited
Nick Harriss / John Depasquale
020 3328 5656