REG - Quadrise PLC - Successful Sparkle Power Programme Testing

QuadriseAnnouncement

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RNS Number : 5968Z  Quadrise PLC  17 September 2025

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.

 

17 September 2025

 

Quadrise plc

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

 

Successful completion of Sparkle Power testing programme

 

Quadrise plc (AIM: QED), the technology company focused on the decarbonisation
of shipping and heavy industry through deployment of low emission fuels and
biofuels, is pleased to announce the successful completion of proof-of-concept
and emissions testing programmes for its MSAR® and bioMSAR™ fuels at the
Sparkle Power SA ("Sparkle") plant in El Giral, Panama.

 

These trials mark the first successful application of MSAR® and bioMSAR™ on
Everllence (formerly MAN Energy Solutions) 4-stroke engines, expanding the
commercial potential of these fuels across additional engine types in
energy-intensive sectors seeking cost-effective decarbonisation solutions.

 

Testing on MSAR® and bioMSAR™ fuels was conducted over a 24 hour period on
an Everllence 18V32/40 8MW engine. A subsequent shorter run was completed on a
Everllence 9L28/32 4MW engine. The trials were conducted by experts from
Quadrise and Sparkle, and supported by independent specialists in external
engine performance, emissions and fuel testing.

 

The key success criteria of the main trial were met as follows:

 

·    Engine efficiency was improved, consistent with results on Wärtsilä
diesel engines.

·    NOx emissions were reduced by 25% with bioMSAR and 32% with MSAR®.

·    Particulate matter emissions were reduced by 20% using both fuels.

 

The Sparkle trials validated the expected performance of MSAR® and bioMSAR™
for commercial deployment and confirmed the fuel injection system
modifications required to achieve maximum load. The parties are now jointly
planning the next steps towards confirming commercial supply arrangements for
Sparkle and fuel permitting in Panama.

Jason Miles, Chief Technology Officer of Quadrise, commented:

"The successful trials with Sparkle represent a significant milestone for
Quadrise, demonstrating the viability of MSAR® and bioMSAR™ on Everllence
4-stroke engines through a strong collaborative endeavour. With confirmed
improvements in engine efficiency and emissions, we look forward to advancing
discussions with Sparkle and a regional supply partner to establish a
commercial supply facility serving the power and marine sectors across Central
America."

Jose Castillo, General Manager of Sparkle, commented:

 

"We are delighted to have completed the Everllence engine test of MSAR® and
bioMSAR™ at our power plant. The Quadrise test has confirmed the fuels are
viable replacements for heavy fuel oil at our facility.

Sparkle Power is committed to becoming more fuel efficient and conserving the
environment by reducing emissions in accordance with the government's policies
for environmental conservation in Panama. The test has confirmed that MSAR®
and bioMSAR™ fuels can achieve the necessary criteria for commercial
implementation in the country."

 

For further information please contact:

 

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

 Jason Miles, Chief Technology 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, Harry Davies-Ball (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/)

 

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