Grant of Patent
26/09/2024 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240926:nRSZ6872Fa&default-theme=true RNS Number : 6872F SulNOx Group PLC 26 September 2024 26 September 2024 SulNOx Group Plc (the "Company" or "SulNOx") Japan patent granted (Aquis Stock Exchange: SNOX) SulNOx, the greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, is pleased to announce that it has secured a further patent in Japan. Consistent with patents for the US, Europe, Eurasia, Georgia, South Africa, China, Indonesia, Singapore and Chile granted to SulNOx to date, this latest patent covers a range of formulation versions which includes both the Berol® 6446 Heavy Sulphur Fuel Oils (HSFO) emulsifiers and SulNOxEco™ Fuel Conditioners which enhance all diesel, petrol/gasoline and biofuels, and marine fuels including Marine Gas Oil (MGO) and Marine Diesel Oil (MDO), Very and Ultra Low Sulphur Fuel Oils (VLSFO/ULSFO) and HSFO. Japan is an important new patent for SulNOx, representing validation in a further G7 economy and extending the Company's reach in Asia. The world's third largest manufacturer, with 6.5% of global manufacturing output (Source: Safeguard Global, 2024), Japan is a major exporter of motor vehicles, machinery and electrical equipment, as well as a key refiner of copper, iron and steel. In addition, Japan is a leading maritime country, with its production of trading vessels backed by the demand of the Japanese merchant fleet, one of the largest in the world. The sector's interest in decarbonisation and sustainable power transmission is particularly relevant to SulNOx. The Japanese government's Green Growth Strategy has set an ambitious target of reducing the nation's carbon emissions by 2030 to 46% of 2013 levels, as it aims to reach carbon neutrality by 2050 through "a virtuous cycle of economy and environment". It has already achieved a 20% reduction. (Source: Government of Japan, 2024) Ben Richardson, CEO of SulNOx, commented: "Japan is a key addition to our growing patent portfolio, representing many large-scale industrial sector opportunities for our products. As a leading global market with well-established support for green technologies and with critical emissions targets to meet, Japan presents a step-change in potential revenue development for SulNOx." ENDS For further information please contact: SulNOx Group plc steven.cowin@sulnoxgroup.com (mailto:steven.cowin@sulnoxgroup.com) Steven Cowin, CFO Allenby Capital Limited Tel: 020 3328 5656 (AQSE Corporate Adviser) Nick Harriss / John Depasquale This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NEXUVANRSAUKUAR