SDX Energy PLC Alternative Energy Projects (9790X)
May 02 2023 - 2:00AM
UK Regulatory
TIDMSDX
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 , 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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