10 July 2024
Quadrise Plc
("Quadrise" or the "Company")
Marine Project Update
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its project with MSC Shipmanagement Limited of Cyprus ("MSC").
Quadrise continues to work with MSC and project counterparties to conclude the binding agreement between Quadrise, MSC and Cargill in respect of Company's forthcoming vessel trials on board the MSC Leandra (the "Project Agreement").
Upon signing the Project Agreement, Quadrise equipment will be installed and commissioned at the MAC² facility in Antwerp prior to vessel trials. MAC² has already received the required operating permits for the installation of Quadrise equipment and has prepared the site ahead of time, therefore we are ready to move quickly once the Project Agreement is finalised.
Quadrise will provide a further update on the MSC vessel trial timetable following signature of the Project Agreement.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"We continue to have regular contact with MSC and other project counterparties and are preparing for installation of our equipment to commence as soon as the agreement is signed.."
For additional information, please contact:
| Quadrise Plc | | +44 (0)20 7031 7321 |
| Andy Morrison, Chairman Jason Miles, Chief Executive Officer | | |
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| Nominated Adviser | | |
| Cavendish Capital Markets Limited | | +44 (0)20 7220 0500 |
| Ben Jeynes Katy Birkin George Lawson | | |
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| Joint Brokers | | |
| Shore Capital Stockbrokers Limited Toby Gibbs, Rachel Goldstein (Corporate Advisory) Fiona Conroy (Corporate Broking) | | +44 (0)20 7408 4090 |
| VSA Capital Limited Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking) | | +44 (0)20 3005 5000 |
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| Public & Investor Relations |
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| Cutbill Jacoby Andy Cutbill Georgie Cutbill | |
+44 (0)7841 576000 +44 (0)7850 195353 |
About Quadrise
Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels and biofuels, providing innovative solutions to reduce energy costs and greenhouse gas emissions today for clients in the global power generation, shipping, industrial and refining industries.
Learn more at: www.quadrise.com
Follow us on social media:
LinkedIn: @Quadrise Plc
X (formerly Twitter): @QuadrisePlc
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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