REG - Quadrise PLC - Management Update

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RNS Number : 9240G  Quadrise PLC  01 May 2025

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1 May 2025

 

Quadrise plc

("Quadrise", "QED" or the "Company")

 

Management Update

 

Strengthening for Growth

 

Quadrise plc (AIM: QED), the energy transition technology company focused on
the decarbonisation of shipping and heavy industry through deployment of low
carbon fuels and biofuels, announces a planned reorganisation of its senior
leadership team to support the Company as it scales up its commercial and
technical activities, reflecting the accelerating momentum at Quadrise.

 

Jason Miles, Chief Executive Officer, will transition into a newly created
role of Chief Technology Officer with effect from 1 June 2025. In this
capacity, Jason will focus on accelerating the development and deployment of
the Company's core technologies, including MSAR®, bioMSAR™ and bioMSAR™
Zero.

 

In particular, he will take full ownership of the ongoing commercial trials
and associated technical programmes and partnerships which are of critical
importance for the commercial evolution of the Company.  Jason will continue
to be a director on the board and will report to a new Chief Executive
Officer, whom the Company has commenced a process to identify and appoint.

 

To enable Jason Miles to focus on his newly defined role, and to provide
continuity and leadership ahead of the appointment of a new Chief Executive,
Andy Morrison, Chairman of Quadrise, will take on additional executive duties
on an interim basis with effect from 1 June 2025. Andy remains Chair of the
board of directors.

 

In expanding the Board with a new CEO as an additional executive director,
together with the CTO's enhanced  focus on the deployment of the Company's
technologies, the Board believes that leadership and execution capacity will
be enhanced across the Company's major projects, enabling Quadrise to capture
upcoming opportunities.

 

Further announcements regarding the CEO appointment process will be made, as
appropriate, in due course.

 

Andy Morrison, Chair of Quadrise, commented:

 

"On behalf of the Board, I would like to thank Jason for his dedication to the
Company. His deep technical insight and longstanding commitment to the
Company's vision, together with his outstanding leadership skills, make him
the ideal person to lead our technology and innovation at this pivotal stage.
As we start to scale up, the appointment of a new Chief Executive Officer will
enable us to strengthen our commercial capacity and executive bandwidth,
ensuring we are positioned to capitalise on the growing opportunities in our
target markets."

 

Jason Miles, Chief Executive Officer and Chief Technology Officer designate,
added:

 

"This strategic realignment reflects the exciting new phase that Quadrise is
entering, and I look forward  to being able to focus even more closely on
successfully delivering the industrial-scale client trials - critical steps
towards commercialisation - and to driving our decarbonisation technology
innovations and projects forward. I'm excited about the opportunities ahead
and the role the Company will play in delivering sustainable, scalable energy
solutions."

 

 

For further information please contact:

 

 Quadrise Plc                                            +44 (0)20 7031 7321
 Andy Morrison, Chairman

 Jason Miles, Chief Executive Officer

 Nominated Adviser

 Cavendish Capital Markets Limited                       +44 (0)20 7220 0500
 Ben Jeynes
 Katy Birkin

 George Lawson

 Joint Brokers

 Shore Capital Stockbrokers Limited                      +44 (0)20 7408 4090
 Toby Gibbs (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                     +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations

 Tavistock Communications (Financial PR & IR)            +44 (0) 20 7920 3150

 Simon Hudson

 Nick Elwes

 Ruairi Millar

  BLUE Communications Limited (Marine & Trade PR)

  Rhys Thomas                                            +44 (0)7595 227750

  Sam Deacon                                             +44 (0)7527 558846

 

About Quadrise

Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels
and biofuels, providing innovative solutions to lower energy costs, pollution
and greenhouse gas emissions today for the global power generation, shipping,
industrial and oil industries.

Learn more at: www.quadrise.com (http://www.quadrise.com/)

 

Follow us on social media:

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