Stmt re Energenics andCreuros
25 Abril 2008 - 3:34PM
UK Regulatory
RNS Number:1922T
Oxonica plc
25 April 2008
25 April 2008
Oxonica plc
Statement regarding press releases from Energenics and Creuros
Oxonica plc ("Oxonica") a leading international nanomaterials group, today
issues the following statement in connection with certain press releases from
Energenics Pte Ltd ("Energenics) and Creuros Srl ("Creuros").
Energenics today announced that it has agreed to appoint Oxonica's Italian
distributor Creuros to distribute Energenics's Enercat fuel borne catalyst a
competing product to Oxonica's EnviroxTM fuel borne catalyst. At the same time
Creuros has made a statement regarding some elements of a press release made by
Oxonica on 18 February 2008.
Energenics Pte Ltd is based in Singapore. Energenics' CEO is Mr Ronen Hazarika
who is also the principal of Neuftec Limited ("Neuftec"), a company registered
in the Commonwealth of Dominica. Oxonica is currently in a license dispute
with Neuftec.
Creuros was appointed as Oxonica's Italian distributor on 27 February 2007 and
was in the very early stages of developing the Italian market with sales of
less than �5,000 to date. They had not informed us of any of their concerns
regarding Oxonica's press release prior to their public statement coinciding
with their appointment by Energenics.
Oxonica firmly believes that the data reported in the press release of 18
February relating to the performance of EnviroxTM in the tests conducted in
Italy can be substantiated and are not misleading.
For further information, please contact:
Oxonica plc 01865 856 700
Kevin Matthews, Chief Executive
Richard Clarke, Finance Director
The Broadcast PR Business 020 7812 6021
Matthew Locke
Panmure Gordon 020 7459 3600
Hugh Morgan
Andrew Potts
Notes to Editors
About Oxonica plc - www.oxonica.com
Oxonica (AIM: OXN.L) is one of the leading international nanomaterials groups
with products already launched into international markets and is listed in
London on the AIM market. It was spun-out from Oxford University in 1999.
Oxonica's mission is to focus on the development of innovative commercial
solutions for international markets using its expertise in the design and
application of nanomaterials. It owns a portfolio of demand driven products that
offer substantial benefits to the target markets of energy, materials, security
and diagnostics.
The Group currently has four operating businesses: Oxonica Energy, Oxonica
Materials, Oxonica Security and Oxonica Diagnostics. Oxonica has already
launched products into international markets. Lead products include:
* EnviroxTM fuel borne catalyst - a catalyst improving fuel economy and
reducing emissions
* OptisolTM UV absorber - a revolutionary photostable UV protection system
designed to optimise the performance of quality sunscreens and
anti-premature aging products
Oxonica is also engaged in developing a transformational detection technology
that will enable a new generation of rapid, sensitive tests for the in vitro
diagnostic point-of-care testing market. In addition, Oxonica is developing
other UV absorber technologies into polymer systems and coatings, based on
similar technologies to that used in OptisolTM.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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