REG - SulNOx Group PLC - New Distribution Agreement and Board Change

LocoSocoAnnouncement

30/11/2021 08:05

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RNS Number : 9518T  SulNOx Group PLC  30 November 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

 

30 November 2021

SulNOx Group Plc (the "Company" or "SulNOx")

New Distribution Agreement and Board Change

(Aquis Stock Exchange: SNOX)

New Distribution Agreement

The board of directors of the Company (the "Board") is pleased to announce
that LocoSoco Group plc ("LocoSoco") has agreed to become an Independent Sales
Organisation ("ISO") for the SulNOx Group.

LocoSoco promotes eco-friendly, sustainable and ethically sourced products
& services. The team provide the tools, technologies and products to
support those people, businesses and communities that want to make a
difference.

LocoSoco create, source and distribute products and technologies that
contribute to sustainability in a way that creates shared wealth. LocoSoco
already work with large organisations, retailers, channel partners and public
bodies.

LocoSoco's shares are quoted and traded on the Wiener Borse in Austria, and
further details can be viewed on its website, https://locoso.co/
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Flocoso.co%2F&data=04%7C01%7C%7C5b5e1e66ecc24895377308d9b105f7fc%7Cfc69750aedcc43bebd5b2cbe6f8d8c37%7C0%7C0%7C637735461468026446%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=puuf6c8ksYxuNVPtHNUXiLNzfe86AkAASEG6%2Ftk276M%3D&reserved=0)
.

James Perry the CEO of LocoSoco commented, "Some of the biggest brands and
companies globally are now switching to eco-friendly and sustainable
alternatives due to a change in consumer buying habits. The natural green
technologies of SulNOx make them an "enabler" that contributes to several of
the UN's 17 sustainable development goals including climate, health,
innovation, and affordable clean energy. We have already seen our client base,
which includes many transport, logistics and fuel distributors eager to use
the SulNOx products for the benefits of their consumers and employees as they
seek more and more ways to meet their ESG goals."

Ben Richardson the CEO of the SulNOx Group commented, "SulNOx products fit in
perfectly with LocoSoco's ethos to offer consumers the choice to buy
sustainable, eco-friendly products which not only help to save the world, but
also provided much-needed financial assistance. By using SulNOx products,
consumers will reduce their fuel consumption by c. 10%, saving them money
whilst dramatically reducing emissions and particulate matter.

The companies which James and his growing team have already introduced us to
are all significant, forward-thinking clients willing to embrace innovative
products like ours. LocoSoco deliver sustainable products and technologies
with purpose, SulNOx is exactly that and I look forward to a highly successful
partnership."

Board Change

The board also wishes to announce the departure of Tony Granger as Chief
Administration Officer. Tony has decided to resign from both the company and
Board to pursue other opportunities specifically to bolster sales at ElimiNOX,
a key distributor of SulNOx range of products.

The Board would like to thank Tony for his efforts and sound counsel over the
last year during the relaunch of the SulNOx brand and operations. We look
forward to our continued cooperation with Tony and ElimiNOX moving forward.

 

 

- Ends -

 

For further information please contact:

 

 SulNOx Group plc                 Tel: 07624 491 821
 Steven Cowin, CFO

 Allenby Capital Limited          Tel: 020 3328 5656

 (AQSE Corporate Adviser)

 Nick Harriss / John Depasquale

 

 

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