Quadrise Fuels International PLC Morocco Project Update (7618Q)

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RNS Number : 7618Q

Quadrise Fuels International PLC

23 February 2023

Quadrise Fuels International Plc

("Quadrise", "QFI", the "Company")

Morocco Project Update

Quadrise Fuels International Plc (AIM:QFI), the supplier of innovative energy solutions for a cleaner planet, is pleased to provide the following update on its Material Transfer & Cooperation Agreement with its client in Morocco.

Quadrise confirms that the MSAR(R) fuel for the forthcoming trial, previously held at Moroccan customs awaiting final clearance, has cleared customs and is now on site at the client's facility, along with the bioMSAR(TM) fuel which was previously delivered in December 2022.

As a result, the Company is now finalising the trial schedule with the client and anticipates fuel trials to commence prior to the end of Q1 2023.

Jason Miles, Chief Executive of Quadrise, commented:

"We are pleased that both fuels have now cleared customs and we can move this project forward, as planned. I'd like to thank our shareholders for their patience and our team for their persistence in resolving the logistical challenges we have faced. We look forward to updating shareholders further as the trial progresses."

For additional information, please contact:

 
Quadrise Fuels International 
 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 
Broker 
 Shore Capital Stockbrokers 
 Limited                              +44 (0)20 7408 4090 
Toby Gibbs, Rachel Goldstein 
 (Corporate Advisory) 
Fiona Conroy (Corporate Broking) 
Public & Investor Relations 
Vigo Consulting 
 Patrick D'Ancona 
 Charlie Neish                        +44 (0)20 7390 0230

About Quadrise

Quadrise is the supplier of MSAR(R) and bioMSAR(TM) 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: www.quadrisefuels.com

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