Sol Puerto Rico Limited Reaffirms Its Commitment of Exclusivity with Shell in Puerto Rico

A New Agreement Extends the Exclusive Rights to Use the Shell Brand in Puerto Rico for Another Decade

Standing: Edna Laura Pérez, In House Counsel, SOL PUERTO RICO LIMITED, Reidar Karlsrud, Group Marketing Manager, SOL CARIBBEAN LTD., Darío E. Amadeo Cedó, General Manager, SOL PUERTO RICO LIMITED,Ben Symes, Legal Counsel, Shell Brands, Seated: Gerard M. Cox, Chief Executive Officer, The SOL Group, Federico Banos-Lindner, GM Global Trademarks & Licensing, Shell Brands International AG.

SAN JUAN, Puerto Rico--()--The Sol Group (“Sol”) and Sol Puerto Rico Limited (“Sol P.R.), the exclusive distributor of Shell Fuels in Puerto Rico, announced today the reaffirmation and solidification of their relationship with the Shell Group. This was accomplished through the renewal of their licensing contract for the use of the Shell brand in Puerto Rico for another ten years. This contract confirms the close collaboration and the commitment of the Shell Group and Sol P.R. to their clients in Puerto Rico, thus reaffirming the company’s mission, which began in 1921, of providing the highest quality fuel to the Puerto Rican consumer.

Under this new agreement, Sol P.R. will have the exclusive right to continue to use the Shell brand in Puerto Rico for another 10 years through its network of Shell branded service stations. This confirms the continued mission and commitment of the Sol Group and the Shell Group with the Puerto Rican consumer and with the retailers that operate Shell branded service stations on the island.

Sol P.R. has been consistent in its offer of quality products to the Puerto Rican consumer. This was reaffirmed through the recent introduction to Puerto Rico of the New Shell Nitrogen Enriched Gasolines, Shell Regular and Shell V-Power®. This new formula has 20% more cleaning agents than before, which is why we can unequivocally state that no other gasoline protects a motor better. Once more, the Puerto Rican consumer benefits from the Technology and Innovation of Shell Researchers and Experts worldwide, who are passionate about formulating a gasoline that meets the exacting needs of today’s automobile engines and consumers.

This agreement also guarantees for the continued availability in Puerto Rico of the Shell Nitrogen Enriched Gasolines, considered a “Top Tier” certified gasoline (“Top Tier Detergent Gasoline”). The “Top Tier Detergent Gasoline Standard” was developed and certified by the principal automobile manufacturers in the world (among these, General Motors, Toyota, Honda, BMW, Volkswagen and Audi) to meet the most exacting needs of modern automotive engines which subject valves and fuel injectors of a motor to extreme temperature and pressure.

Shell Regular and Shell Premium V-Power® Gasolines have been successfully tested and certified as “Top Tier” gasolines. Furthermore, Shell V-Power® has the highest concentration of Shell’s unique patented cleaning system.

“Honoring Sol P.R.’s mission and vision, we offer the Puerto Rican consumer technology and innovation by providing the highest quality fuels developed through Shell’s leadership in global technology”, noted Darío Amadeo Cedó, General Manager for Sol P.R. “We also recognize the trust and comfort we provide our clients through the support of a local professional management team that has first hand knowledge of the Puerto Rico market and through our island-wide network of service stations and other local support functions such as marketing, engineering and environmental protection”, concluded Amadeo Cedó.

The opportunities offered by this new agreement between Sol and Shell will provide further benefit through the considerable investment to be made in a new makeover of the Shell service stations in the Island known as Shell’s “Retail Visual Identity Evolution” or “RVI-E”. RVI-E imparts a refreshing and contemporary image to each service station that is consonant with Shell’s position of leadership in the market. The redesigned service stations will optimize the information and communication process with the consumer by simplifying and modernizing its design elements. This makeover will be carried out in several phases and will commence in December of this year.

The new agreement also strengthens the exclusive and unique opportunities offered by Shell to its retail partners. Among these, is the Operational Excellence Program, known as “People Make the Difference Real” of (“PMTDR”). This far reaching program offers Shell service station retailers actionable guidelines to achieve excellence in the operation of their service station and in their service to clients through on-going evaluations and training. Furthermore, this program recognizes and rewards those retailers with the best performance, and also provides retailers in Puerto Rico the opportunity to measure themselves against Shell retailers in other countries around the world.

About Sol Group and Sol P.R.

Sol Group supplies fuels, lubricants and other products to clients in over 17 countries in the Caribbean Basin, among these Puerto Rico, Barbados, St. Maarten, Aruba, Curacao, St. Lucia, Anguilla, St. Kitts, Dominica, the British Virgin Islands, Grenada, St. Vincent, Guyana, Surinam, Haiti, Belize and the Dominican Republic.

Sol P.R. is a licensee of Shell and uses the Shell brand under a license from Shell. What is expressed in this Press Release is made by Sol (Sol Group and Sol P.R.) and is not made on behalf of Shell, nor does it necessarily reflect the point of view of any of the Shell Group of companies.

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Contacts

Sol Puerto Rico Limited
Nanette Pagán Soto, 787-289-2925
Nanette.pagan@solpetroleum.com

Release Summary

Sol Puerto Rico Limited Extends Its Exclusive Right to Continue Using the Shell Brand and Shell Nitrogen Enriched Gasolines in Puerto Rico for 10 More Years

Contacts

Sol Puerto Rico Limited
Nanette Pagán Soto, 787-289-2925
Nanette.pagan@solpetroleum.com