REG - SDX Energy PLC - Alternative Energy Projects

SDX EnergyAnnouncement

02/05/2023 07:00

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RNS Number : 9790X  SDX Energy PLC  02 May 2023

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED. ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

2 May 2023

SDX ENERGY PLC ("SDX" or the "Company")

SDX AND ALEPH NEW ENERGIES TO PARTNER ON ALTERNATIVE ENERGY PROJECTS

 

SDX Energy Plc (AIM: SDX) is pleased to announce that it is partnering with
Aleph New Energies ("ANE"), via a Memorandum of Understanding, to explore and
to develop projects in the alternative energy sector. The parties will
consider any projects deemed to be alternative energy, including, but not
limited to, alternative/noble gases, energy infrastructure, solar, geothermal
technologies, energy storage, gas and carbon storage and waste to power. As
part of the partnership SDX and ANE will work together to provide technical
and commercial support to identify and develop projects; additionally, ANE
will provide the financing for such projects.

 

Jay Bhattacherjee, Executive Chairman commented:

 

"We are delighted to announce this joint venture between SDX and Aleph New
Energies.  This is the first step in SDX's move to become a true energy
transition company, focused on delivering shareholder returns. SDX will
utilise its in-country expertise, market position and infrastructure to
increase its revenue stream by offering additional products to its existing
customers and attracting new ones. Aleph New Energies brings considerable
industrial, market and financial knowledge and capability, and the
combination of our respective skills positions us well to address
attractive market opportunities."

 

 

For further information:

 

 SDX Energy Plc

 Jay Bhattacherjee

 Interim Executive Chairman

 Tel: +44 203 219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Iain Sexton

 Tel: +44 (0) 20 408 4090

 Camarco (PR)

 Billy Clegg/Owen Roberts/Violet Wilson

 Tel: +44 (0) 203 757 4980

 

Forward-looking information

 

Certain statements contained in this press release may constitute
"forward-looking information" as such term is used in applicable Canadian
securities laws. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or are not statements of historical fact should
be viewed as forward-looking information.

 

The forward-looking information contained in this document is based on certain
assumptions, and although management considers these assumptions to be
reasonable based on information currently available to them, undue reliance
should not be placed on the forward-looking information because SDX can give
no assurances that they may prove to be correct.

 

All timing given in this announcement, unless stated otherwise, is indicative,
and while the Company endeavours to provide accurate timing to the market, it
cautions that, due to the nature of its operations and reliance on third
parties, this is subject to change, often at little or no notice. If there is
a delay or change to any of the timings indicated in this announcement, the
Company shall update the market without delay.

 

Forward-looking information is subject to certain risks and uncertainties
(both general and specific) that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking
statements. Such risks and other factors include, but are not limited to,
political, social, and other risks inherent in daily operations for the
Company, risks associated with the industries in which the Company operates,
such as: operational risks; delays or changes in plans with respect to growth
projects or capital expenditures; costs and expenses; health, safety and
environmental risks; commodity price, interest rate and exchange rate
fluctuations; environmental risks; competition; permitting risks; the ability
to access sufficient capital from internal and external sources; and changes
in legislation, including but not limited to tax laws and environmental
regulations. Readers are cautioned that the foregoing list of risk factors is
not exhaustive and are advised to refer to the Principal Risks &
Uncertainties section of SDX's Annual Report for the year ended 31 December
2022, which can be found on SDX's SEDAR profile at www.sedar.com
(http://www.sedar.com) , for a description of additional risks and
uncertainties associated with SDX's business.

 

The forward-looking information contained in this press release is as of the
date hereof and SDX does not undertake any obligation to update publicly or to
revise any of the included forward‐looking information, except as required
by applicable law. The forward‐looking information contained herein is
expressly qualified by this cautionary statement.

 

 

 

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