QUADRISE PLC

Environmental & Social Information • Apr 29, 2024

National Storage Mechanism | Additional information

RNS Number : 3129M

Quadrise PLC

29 April 2024

29 April 2024

Quadrise Plc

("Quadrise" or the "Company")

Marine Project Update

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its project with  MSC Shipmanagement Limited  of  Cyprus  ("MSC").

The Company previously announced on 18 March 2024 that entry of a binding agreement between  Quadrise , MSC and  Cargill  in respect of the production of MSAR® and bioMSAR™ fuels for the Company's forthcoming vessel trials on board the MSC Leandra (the "Project Agreement") was expected by the end of Q1 2024.  Quadrise continues to work with its project partners to seek to finalise the Project Agreement and will provide a further update upon the project and entry of the Project Agreement in due course.

Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:

"Continued efforts in respect of our project mean that w e do not expect any material delay to the overall MSC vessel trial programme at this time. We remain in regular contact with our project stakeholders and Quadrise is focused on the delivery of the Project Agreement as soon as possible ."

For additional information, please contact:

Quadrise Plc		+44 (0)20 7031 7321
Andy Morrison, Chairman Jason Miles, Chief Executive 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, Rachel Goldstein (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
Vigo Consulting Patrick D'Ancona Finlay Thomson Peter Jacob		+44 (0)20 7390 0230

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 power generation, shipping, industrial and refining industries.

Learn more at:   www.quadrise.com

Follow us on social media:

LinkedIn: @Quadrise Plc

X (formerly Twitter): @QuadrisePlc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSEIESAELSEEL