Significant progress in CO2 carbon capture for cement and lime:
o LEILAC-1 PILOT PLANT successfully commissioned mid-2019, and test runs since have proven the technology concept, and increasing operational robustness and throughputs.
o LEILAC-2 COMMERCIAL DEMONSTRATOR (four-fold scale-up of LEILAC-1) received €16m (~A$27m) in EU funding in December 2019, and a further €18m (A$30m) in cash and in-kind committed from industrial partners, as final project agreements were executed in March 2020.
Calix’s aquaculture water treatment product, AQUA-Cal+ achieved 110% YoY growth in H1 FY20, although H2 was impacted by COVID-19 especially in China – overall a flat year compared to pcp. Development in freshwater lake remediation continues its positive progress.
Calix signed Material Transfer Agreements with four multi-national crop protection companies for BOOSTER-Mag. In August 2019, one of Europe’s largest suppliers of sulphur-based fertiliser and crop protection products, Afepasa, signed a 10-year distribution agreement, which was ahead of our expected commercialisation schedule.
Significant progress was achieved with advanced batteries with the construction of the new BATMn reactor and the announcement of the Calix-led CRC-P for Advanced Hybrid Batteries with $3m in funding in August 2019.
Total Revenue and Other Income up 75% to $A24.4m
Core Product Sales up 327% to $A14.1m
Other Revenue down 2% to $A10.4 m
EBITDA ……. up 224% to 1.5m
Strong financial position with a closing cash balance of $11.1m, cash flow positive, zero debt and with significant pipeline of grant funding to execute further R&D.
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