Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial
01 Nov 2016
Steaming ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Steaming ahead
Quadrise PLC (QED:LON) | 1.5 0 3.3% | Mkt Cap: 23.3m
- Published:
01 Nov 2016 -
Author:
Anne Margaret Crow -
Pages:
12
Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial