REG - Quadrise PLC - Marine Project Update

QuadriseAnnouncement

10/07/2024 07:00

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RNS Number : 7658V  Quadrise PLC  10 July 2024

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

 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, Rachel Goldstein (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
 Cutbill Jacoby

 Andy Cutbill                                              +44 (0)7841 576000

 Georgie Cutbill                                           +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
(https://url.avanan.click/v2/___http:/www.quadrise.com/___.YXAxZTpzaG9yZWNhcDphOm86ZDliYjk0YWMyYzJkMTg2OGJmODhlN2Y5YTIwMzEwOTc6Njo4MGY3OmNiOTg0OWU2Y2NlZWU0NGE3NzYwZTUyMmI4OGQ2ZDJmZWE2NzM1Mzc3YjRkNGYwMTQwMmVhY2E5ZTRkOGQzYjE6cDpU)

 

Follow us on social media:

LinkedIn: @Quadrise Plc
(https://uk.linkedin.com/company/quadrise-international-ltd)

X (formerly Twitter): @QuadrisePlc (https://x.com/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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