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® 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™ 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 |
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| 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: www.quadrisefuels.com
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