Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Plans to change the company's name to Quadrise PLC, and its ticker to 'QED' from 'QFI'. Says the new name is part of the company's initiative to "emphasise Quadrise's position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications." Expects the renaming of the company to occur prior to the end of March. The company's website will be refreshed at the same time.
Chief Executive Jason Miles says: "We are excited about the direction Quadrise continues to take as we establish the company firmly within the energy decarbonisation process, with all the opportunities that present themselves for our suite of products. The new, simpler name and updated ticker reflects a dynamic environment and our ambition for Quadrise within it."
Current stock price: 1.43 pence
12-month change: down 15%
By Sophie Rose, Alliance News reporter
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