Quadrise Fuels International (LON:QFI) - Progress towards commercialisation
Oct 04th 2012 - Edison Investment Research today published a report on Quadrise Fuels International (QFI.L, LSE:QFI, LON:QFI) entitled "Progress Towards Commercialisation". 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. It continues to make progress in key projects in Saudi Arabia, Asia and Latin America and with major shipping line Mærsk. The recent placing provides support for these projects as they progress towards the commercialisation phase. Material progress towards commercialisation has the potential to trigger upward movement in the share price towards our revised indicative value of 16.1p/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 »
