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SNOX Sulnox Group PLC

31.00
0.00 (0.00%)
15 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Sulnox Group PLC AQSE:SNOX Aquis Stock Exchange Ordinary Share GB00BJVQQP66
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 31.00 29.00 33.00 31.30 30.24 31.00 13,475 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

SulNOx Group PLC Repeat Sales for Long Haul Trucks in Africa (8785P)

23/06/2022 7:00am

UK Regulatory


Sulnox (AQSE:SNOX)
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From Jul 2021 to Jul 2024

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TIDMSNOX

RNS Number : 8785P

SulNOx Group PLC

23 June 2022

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

23 June 2022

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

Repeat Sales from solving issues for Long Haul Trucks in Africa

Inconsistent Fuel Quality Problem Solving Abilities of SulNOxEco(TM) Fuel Conditioner in Long Haul Trucking routes throughout Africa

(Aquis Stock Exchange: SNOX)

The board of the directors of the Company (the "Board") is pleased to announce that the Company's South African Independent Sales Organisation Fuel Fusions South Africa, reports positive results from new customer, Zanotrans, based in Johannesburg, South Africa. Zanotrans operates a fleet of trucks performing extremely long-haul freight runs throughout Africa, as long as 10,000km for a round trip, and experiences regular problems with inconsistent fuel quality. Zanotrans initially purchased enough SulNOxEco(TM) Fuel Conditioner to treat 400,000 litres of diesel and has now adopted SulNOx across its entire fleet, a testament that SulNOx can resolve fuel problems extensively experienced across continent-wide travel.

Shane Nienaber, CEO of Fuel Fusions SA Pty Ltd stated: "Zanotrans had been experiencing a high number of trucks returning from their extremely long-haul trips all over Africa limping back into Johannesburg due to problems caused by contaminated fuels. The free water problem solving abilities offered by the emulsifying properties of SulNOxEco(TM) was the prime motivating factor for Zanotrans to adopt fuel conditioning."

Paul Mosenthal, Managing Director of Zanotrans Pty Ltd added: "Since adopting fuel conditioning with SulNOxEco(TM), we have not had a single truck limping back to our depot in Johannesburg. Keeping our trucks running normally is very important to smooth operations and planning for any fleet operator. We are very happy with the performance of SulNOxEco(TM) Fuel Conditioner in our fleet"

Ben Richardson, CEO of SulNOx Group PLC commented: "This positive feedback from a new customer of SulNOxEco(TM) Fuel Conditioner comes as we are expanding our reach globally, and particularly into Africa where sales are gathering strong momentum. Inconsistent fuel quality is a challenge for all vehicle operators in some parts of the world, and especially so for commercial fleet operators where such extremely long routes are the norm. The benefits of SulNOx's additive package include emulsification of free water in the fuel, thereby effectively removing the water from the fuel supply system and keeping the engine running. The added lubricity additionally helps protect engines from fuel of lower specification, or in the case of adulterated fuel. SulNOx is again living up to the Further, Faster, Cleaner motto."

For further information please contact:

 
 SulNOx Group plc                  Tel: 07624 491821 
  Steven Cowin, Chief Financial 
  Officer 
 
 Allenby Capital Limited           Tel: 020 3328 5656 
  (AQSE Corporate Adviser) 
  Nick Harriss / John Depasquale 
 

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END

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(END) Dow Jones Newswires

June 23, 2022 02:00 ET (06:00 GMT)

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