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:
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Quadrise Plc
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+44 (0)20
7031 7321
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Andy Morrison, Chairman
Jason Miles, Chief Executive
Officer
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Nominated
Adviser
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Cavendish Capital Markets Limited
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+44 (0)20
7220 0500
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Ben Jeynes
Katy Birkin
George Lawson
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Joint
Brokers
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Shore Capital Stockbrokers Limited
Toby Gibbs, Rachel
Goldstein (Corporate Advisory)
Fiona Conroy (Corporate
Broking)
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+44 (0)20
7408 4090
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VSA
Capital Limited
Andrew Raca (Corporate
Finance)
Andrew Monk (Corporate
Broking)
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+44 (0)20
3005 5000
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Public & Investor
Relations
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Cutbill Jacoby
Andy Cutbill
Georgie Cutbill
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+44 (0)7841
576000
+44 (0)7850
195353
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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.