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cement industry.
The five studies are expected to generate cash inflows over the next six months
equivalent to approximately four months of CapsolGo demonstration campaigns,
providing a meaningful contribution to Capsol’s near-term liquidity.
One of the engineering studies covers a different site within the portfolio of a
previous CapsolGo customer. The engagement supports Capsol’s multi-site approach
and reflects a shared view that modularization and standardization across
multiple projects can contribute to reducing costs.
“We are very pleased to see the increased commercial activity into new customer
engagements and, importantly, near-term cash generation. The five studies will
provide a meaningful contribution to Capsol’s liquidity over the coming six
months. We are also pleased that a previous CapsolGo customer is now engaging us
for another site within its portfolio. This reflects our shared view that
modularization and standardization across multiple projects can drive costs down
and is an important validation of our multi-site approach,” said Wendy Lam, CEO
of Capsol Technologies.
The new studies further strengthen Capsol’s project pipeline and customer
engagement, while supporting the Company’s continued focus on cement and other
industrial applications.
To receive Capsol’s stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors
For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy
+47 484 03 225
jacob.krovel@capsoltechnologies.com
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world’s transition to a net zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol’s technology is licensed either directly to
customers or through industrial partners globally. Capsol’s key segments include
cement, biomass, energy-from-waste and gas turbines. Capsol Technologies is
listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit
capsoltechnologies.com.
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