Valkor update
12 June 2026
Quadrise Plc
("Quadrise" or the "Company")
Valkor update
Quadrise Plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuels, provides an update on its project with Valkor Technologies LLC ("Valkor") in Utah, USA.
Progress with Valkor continues to be made towards pilot deployment and the commercial demonstration of the Company's upstream production model. The Quadrise equipment is ready for deployment and the Company has been informed that representative heavy sweet oil samples have been prepared in Valkor's new pilot plant ahead of MSAR® and bioMSAR™ formulation work.
Valkor's 500 barrel per day oil-sands pilot plant is now due to be commissioned in Q4 2026. The Company will not therefore deliver a 600 bpd Multifuel Manufacturing Unit ("MMU") to site by 30 June 2026 as had been previously indicated, this will now take place during Q3 2026.
Since the Company's announcement of 28 November 2025, no further licence fee payments have been received by the Company and US$0.95 million of the US$1.0 million licence fee payable to the Company by Valkor remains outstanding as Valkor await receipt of approved project funding. The Board now expects payment of the licence fee in full by 30 September 2026.
For further information please contact:
Quadrise Plc
+44 (0)20 7031 7321
Andy Morrison, Chairman
Peter Borup, Chief Executive Officer
Jason Miles, Chief Technology Officer
Nominated Adviser
Cavendish Capital Markets Limited
+44 (0)20 7220 0500
Ben Jeynes
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
Andrew Raca (Corporate Finance)
Andrew Monk (Corporate Broking)
+44 (0)20 3005 5000
Public & Investor Relations
Tavistock Communications (Financial PR & IR)
Simon Hudson
Nick Elwes
Saskia Sizen
+44 (0) 20 7920 3150
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.
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 shipping, power generation, industrial and refining industries. Learn more at: www.quadrise.com
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