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QUOTE (HDW04 @ Tuesday 15/08/06 09:50pm)

Oxonica have struck a formal agreement to supply Envirox to Turkish oil company - Petrol Ofisi

 

Worth 12.7 million dollars this year!

 

According to EX100's research report published in September 2005, ANO's cut is approximately 25% so this has the potential to translate to around 3 million dollars of extra revenue in the next 6 months.

 

Strap your belts, the dull ride is about to liven up! http://www.sharescene.com/html/emoticons/smile.gif

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In reply to: The Zinc Punter on Wednesday 16/08/06 09:53pm

Here's the article for those that missed it

 

Oxonica delighted at Turkish deal

Wed 16 Aug 2006

 

OXN - Oxonica

 

Latest Prices

Name Price %

Oxonica 124.00p +12.73%

 

FTSE AIM All-Share 1,033 +0.16%

Chemicals 3,051 +0.13%

LONDON (SHARECAST) - Oxonica rallied strongly today after the nanomaterials group said it has reached agreement with Turkish oil company Petrol Ofisi to supply its Envirox fuel borne nanocatalyst for use in diesel fuel across its nationwide distribution network.

 

The agreement is the first of its kind for Envirox and is in line with Oxonica's strategy of signing commercially significant deals with major partners to access the volume market, it said.

 

Oxonica will provide an initial supply of Envirox to be used by Petrol Ofisi to evaluate market acceptance of the new enhanced fuel within its national market and is expected to generate sales for Oxonica worth $12.7m this year.

 

Following the marketing evaluation, Oxonica expects to be in a position to indicate likely levels of ongoing demand in the first quarter of 2007.

 

Envirox has been shown in field trials to reduce fuel consumption in diesel engines with savings of 5 to 10% with commensurate reductions in carbon dioxide. It has also been shown to reduce particulate emissions by up to 15%.

 

In addition, Oxonica has announced the launch of a collaboration with Petrol Ofisi and Oxford University to develop new catalysts for the petrochemical industry.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“This deal is another major milestone for Envirox,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ said chief executive Kevin Matthews.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The initial order provides a meaningful increase in Oxonica's revenues for the current year and a successful nationwide product launch by Petrol Ofisi could lead to a significant boost to Oxonica's sales and cash flow going forward.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

The group added that trading for the first half is in line with current expectations.

 

Results for the six months ended 30 June are scheduled for release on 18 September.

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UK smallcap opening - Oxonica up on Turkey tie-up

 

LONDON (AFX) - Oxonica attracted support and rose 14 pence to 124 after the nanomaterials group reached agreement with Petrol Ofisi, the leading national oil company in Turkey with sales of 8.8 bln usd in 2005, to supply its Envirox fuel borne nanocatalyst, for use in diesel fuel across Petrol Ofisi's nationwide distribution network.

 

Meanwhile, Oxonica's said trading for the first half is in line with current expectations.

 

Following the Turkey tie-up, Panmure Gordon reiterated its 'buy' stance with a 200 pence target.

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