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™ 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
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Media and Investors: Flagstaff, Strategic and Investor Communications
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| AQSE Corporate Adviser :
Allenby Capital Limited John Depasquale / Nick Harriss / James Hornigold |
020 3328 5656
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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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