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:
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SulNOx Group plc
Steven Cowin, CFO
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steven.cowin@sulnoxgroup.com
|
|
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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Tel: 020 3328 5656
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