24 Mar 2020 07:00
News Release
Velocys plc
("Velocys" or "the company")
24 March 2020
Velocys update - COVID-19
Velocys plc (VLS.L), the sustainable fuels technology company, is today providing an update on the measures it is taking to manage the risk presented by the Coronavirus pandemic (COVID-19).
The health and safety of Velocys' employees, and those of our customers, partners and suppliers, is the Board's top priority. The Company is regularly reviewing working practices in the light of the latest information and safeguarding recommendations as the COVID-19 situation evolves.
The Company has the necessary technology platforms to support efficient working among teams over a wide geographical spread, which are well adapted to the present circumstances. All our employees are now able to efficiently work from home and we have a dedicated COVID-19 response team in place.
The Board remains attentive towards its business operations during these unprecedented times.
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For further information, please contact:
Velocys Henrik Wareborn, CEO Andrew Morris, CFO Lak Siriwardene, Head of Communications & Sustainability
| +44 1865 800821 |
Numis Securities (Nomad and joint broker) Stuart Skinner Emily Morris Alamgir Ahmed
| +44 20 7260 1000 |
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor James Asensio | +44 20 7523 8000 |
Radnor Capital (Investor relations) Joshua Cryer Iain Daly
| +44 20 3897 1830
|
Field Consulting (PR) Robert Jeffery | +44 20 7096 7730 |
Notes to Editors
Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licences proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and transport fuel from municipal solid waste and waste woody biomass.
Velocys is currently developing projects in Natchez, Mississippi, USA (incorporating Carbon Capture Use and Storage) and Immingham, UK to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.
www.velocys.com