Quadrise Fuels International PLC - London-based residual oil technology licensor - Says on track to achieve commercialisation targets following "positive engagement with counterparties during the past month". "During the past month, the board and management have conducted an extensive review of the company's projects, operations and business development activities with key clients," Chief Executive Officer Jason Miles says. "This exercise was undertaken to ensure that our manpower and cash resources continue to be optimally deployed to achieve the company's revenue and shareholder value creation targets." Notes that talks are taking place with several candidate sites in Panama and Honduras for power plant trials later this year using its MSAR and bioMSAR lower-carbon fuel oil alternatives.
Current stock price: 1.98 pence, up 3.1% on Monday in London
12-month change: down 65%
By Xindi Wei; xindiwei@alliancenews.com
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