Quadrise Fuels International (LON:QFI) - Making progress with MSAR trials
Oct 22nd 2012 - Edison Investment Research today published a report on Quadrise Fuels International (QFI.L, LSE:QFI, LON:QFI) entitled "Making Progress With MSAR Trials". In summary, the report says:
Quadrise is the emerging supplier of multi-phase superfine atomised residue (MSAR), a low-cost alternative to heavy fuel oil for the shipping, refining and power generation industries. The FY12 results show it continues to make progress in key projects in Saudi Arabia, Asia and Latin America and with major shipping line Mærsk. Commercialisation of any one of these would result in substantial profits for Quadrise. Material progress towards this has the potential to trigger upwards movement in the share price towards our indicative value of 16.3p/share.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
