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LONDON - Sulnox Group Plc (AQSE:SNOX) has entered into a distribution agreement with C-Quip Ltd to market its Sulnox Eco fuel efficiency product to the UK leisure marine market, the company announced Monday.
The agreement will enable Sulnox to access C-Quip’s distribution network in the UK leisure marine sector, which generated £4.41 billion in revenue in 2022-23 according to British Marine data cited in the company’s press release. The sector includes more than 57,000 registered leisure vessels across the UK.
C-Quip, described as a leading UK distributor of marine equipment, will promote Sulnox Eco through its established channels to vessel owners and operators seeking to improve fuel efficiency and meet environmental regulations.
"Our partnership with Sulnox is a major step forward in providing our customers with practical, proven solutions to reduce costs and environmental impact," said Ian Cooke, CEO of C-Quip Ltd, in a statement.
Ben Richardson, CEO of Sulnox Group, stated that C-Quip’s "reputation for technical expertise and customer service will help expand adoption of our technology in the leisure marine market."
Sulnox describes itself as a greentech company that delivers lower fuel costs and emissions without capital expenditure requirements. The company trades on the Aquis Stock Exchange under the ticker SNOX.
The information was provided in a press release issued by Sulnox Group Plc.
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