25 November 2024
Quadrise
Plc
("Quadrise" or the
"Company")
Collaboration Agreement with
Auramarine
Quadrise Plc (AIM: QED), the
supplier of innovative cleaner energy solutions, is delighted to
announce the signature of a Collaboration Agreement (the
"Agreement") with Auramarine Oy ("Auramarine"), the leading fuel supply systems pioneer for the marine and
other industries.
The purpose of this Agreement is to
leverage the respective resources of Quadrise and Auramarine in
emulsion fuels, biofuels and fuel systems to seek to offer
innovative solutions that help to improve operational efficiencies
and decarbonise energy-intensive applications, with a focus on the
marine sector.
Under the Agreement, Quadrise and
Auramarine will work together, combining their expertise and
networks, to jointly develop and promote new sales opportunities
that offer a comprehensive value proposition to the shipping
industry to comply with new environmental regulations.
Quadrise will provide their
expertise in MSAR® and bioMSAR™ fuels, and Auramarine will provide
their expertise in designing and installing fuel supply systems
(including Quadrise blend-on-board technology) for the conversion
of marine vessels to Quadrise fuels. In consideration for the gross
sales generated or finance raised under this Agreement, each party
shall pay to the other a commission.
Jason Miles, CEO of Quadrise,
commented:
"We are delighted to sign this
collaboration agreement with Auramarine, who have extensive
experience and an enviable track record in the design, supply and
servicing of fuel systems for conventional and future fuels. This
collaboration is in line with our strategy of working with new
channel partners to decarbonise shipping, adding the necessary
expertise, network and resources of Auramarine in marine fuel
systems to accelerate the implementation of MSAR® and bioMSAR™ fuel
conversions globally."
John Bergman, CEO of Auramarine,
commented:
"We are pleased to announce this
collaboration agreement with Quadrise, who are driving a positive
shift in the marine sector with their proven emulsion technology to
improve efficiency, lower emissions and supply new sustainable
fuels. By combining our strengths and expertise, we are confident
that this partnership will drive innovation and create significant
value to our customers and stakeholders."
For additional information, please
contact:
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Quadrise Plc
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+44 (0)20 7031 7321
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Andy Morrison, Chairman
Jason Miles, Chief Executive
Officer
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Nominated
Adviser
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Cavendish Capital Markets Limited
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+44 (0)20 7220 0500
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Ben Jeynes
Katy Birkin
George Lawson
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Joint
Brokers
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Shore Capital Stockbrokers Limited
Toby Gibbs, Rachel Goldstein
(Corporate Advisory)
Fiona Conroy (Corporate
Broking)
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+44 (0)20 7408 4090
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VSA
Capital Limited
Andrew Raca (Corporate
Finance)
Andrew Monk (Corporate
Broking)
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+44 (0)20 3005 5000
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Public & Investor
Relations
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Cutbill Jacoby
Andy Cutbill
Frankie Dundon
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+44 (0)7841 576000
+44 (0)7312 274086
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About Quadrise:
Quadrise is the supplier of MSAR®
and bioMSAR™ emulsion technology, fuels and biofuels, providing
innovative solutions to lower energy costs, pollution and
greenhouse gas emissions today for the global power generation,
shipping, industrial and oil industries.
Learn more at:
www.quadrise.com
About Auramarine:
Auramarine is the trusted fuel and
auxiliary systems expert for the marine and other industries. Their
proud heritage stems from the company's foundation in Finland in
the early 1970s. Since then, Auramarine has delivered more than
16,000 robust and reliable auxiliary systems to our customers all
over the world, continuously aiming for superior service and
customer value. Auramarine has more than 100 employees with offices
in Finland and China, representatives in more than 25 countries and
annual sales of c.€20 million (2023). With a focus on the
future, Auramarine are designing innovative
technology and collaborating with others to support the maritime
energy transition and use of future fuels.
Learn more at:
www.auramarine.com
Follow Quadrise on social media:
LinkedIn:
@Quadrise Plc
X (formerly Twitter):
@QuadrisePlc