QUADRISE PLC

Legal Proceedings Report • Jun 22, 2023

National Storage Mechanism | Additional information

RNS Number : 5232D

Quadrise PLC

22 June 2023

22 June 2023

Quadrise Plc

("Quadrise" or the "Company")

Morocco Update

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its fuel trial in Morocco following the announcement on 22 May 2023.

The previous demonstration test at the client's site in Morocco was paused after a mechanical component in the fuel delivery system failed progressively. The parties agreed to resume the trial once replacement parts could be sourced.

Quadrise is pleased to announce that the necessary parts and spares have been delivered to Morocco. Our personnel have installed the parts, re-tested the fuel delivery system and are ready to recommence the trial at the next available opportunity.

For additional information, please contact:

Quadrise Plc		+44 (0)20 7031 7321
Andy Morrison, Chairman Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc		+44 (0)20 7397 8900
Ben Jeynes
Katy Birkin
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 Charlie Neish		+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

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