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CALIX LIMITED — Capital/Financing Update 2021
Jun 28, 2021
64736_rns_2021-06-28_9ec9cc42-de89-45f8-8541-0ca84308c008.pdf
Capital/Financing Update
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ASX Announcement
29[th] June 2021
Calix Limited awarded $1m to develop Biotechnology manufacturing capability in Australia
Sydney, Australia | 29[th] June 2021 – Multi-award-winning Australian technology company Calix Limited (ASX:CXL, Calix or the Company ), is pleased to announce it has been awarded the maximum $1m grant under the Australian Government’s Manufacturing Modernisation Fund ( MMF ) to develop and transform its Biotech manufacturing capability at its Bacchus Marsh facility in Victoria.
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The MMF support will assist Calix to transform the development of, and establish an advanced manufacturing capacity for, bio-active materials for crop protection, marine coatings, and health and pharmaceuticals applications at its Bacchus Marsh facility in Victoria.
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The funding will support Calix’s recent capital raising for additional lab and production facilities for its Biotech line of business, and free up current capacity constraints on its Advanced Battery Materials program, which currently shares many common facilities.
Phil Hodgson, Managing Director of Calix , said “We are delighted to have been awarded the maximum MMF grant of $1m to help advance our Biotech manufacturing capability at our Bacchus Marsh facility in Victoria. The grant will supplement our recent capital raise to advance our Biotech business, and free up existing resources, which will be focused on our Advanced Batteries development.
Our development of crop protection products, marine coatings and potential future applications in health and pharmaceuticals will benefit greatly from this assistance.
We thank the Australian Government for its support of Australian manufacturing industries which will assist the development of high value products for domestic and export markets.”
This announcement has been authorised for release to the ASX by:-
Phil Hodgson, Managing Director and CEO Calix Limited 9-11 Bridge Street Pymble NSW 2073 Ph +61 2 8199 7400
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About Calix
Calix is a team of dedicated people developing a unique, patented technology to provide industrial solutions that address global sustainability challenges.
The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater and carbon reduction.
Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.
Because there’s only one Earth – Mars is for Quitters.
Website: https://www.calix.global/ Twitter: @CalixLimited Youtube: CalixLimited
For more information:
Phil Hodgson Managing Director and CEO [email protected] +61 2 8199 7400
Darren Charles CFO and Company Secretary [email protected] +61 2 8199 7400
Simon Hinsley
Investor Relations
[email protected] +61 401 809 653
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