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Velocys PLC - COVID-19 Update

RNS Number : 2992H
Velocys PLC
24 March 2020
 

News Release

 

Velocys plc

("Velocys" or "the company")

 

             

24 March 2020

 

 

                                                                                     

Velocys update - COVID-19

 

Velocys plc (VLS.L), the sustainable fuels technology company, is today providing an update on the measures it is taking to manage the risk presented by the Coronavirus pandemic (COVID-19).

 

The health and safety of Velocys' employees, and those of our customers, partners and suppliers, is the Board's top priority.  The Company is regularly reviewing working practices in the light of the latest information and safeguarding recommendations as the COVID-19 situation evolves.

 

The Company has the necessary technology platforms to support efficient working among teams over a wide geographical spread, which are well adapted to the present circumstances. All our employees are now able to efficiently work from home and we have a dedicated COVID-19 response team in place.

 

The Board remains attentive towards its business operations during these unprecedented times.

 

 

--Ends---

 

For further information, please contact:

Velocys

Henrik Wareborn, CEO

Andrew Morris, CFO

Lak Siriwardene, Head of Communications & Sustainability

 

+44 1865 800821

Numis Securities (Nomad and joint broker)

Stuart Skinner

Emily Morris

Alamgir Ahmed

 

+44 20 7260 1000

Canaccord Genuity (Joint broker)

Henry Fitzgerald-O'Connor

James Asensio

+44 20 7523 8000  

Radnor Capital (Investor relations)

Joshua Cryer

Iain Daly

 

+44 20 3897 1830

 

Field Consulting (PR)

Robert Jeffery

 +44 20 7096 7730

Notes to Editors

 

Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licences proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and transport fuel from municipal solid waste and waste woody biomass.

 

Velocys is currently developing projects in Natchez, Mississippi, USA (incorporating Carbon Capture Use and Storage) and Immingham, UK to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

www.velocys.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Velocys Plc

Price: 6.18

Market: AIM
Market Cap: £65.74 m
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