"Quadrise Fuels International PLC - London-based residual oil technology licensor - For financial year ended June 30, records revenue of GBP17,000 versus none a year before, while pretax loss slims to GBP4.4 million from GBP5.0 million. Says that it has the resources in place to reach forecasted sustainable commercial revenue in the first quarter of 2023, with cash at year end almost tripling to GBP7.0 million, from GBP2.4 million a year before. Looking ahead, notes public attitude towards renewables and low emission fuel options is increasing the market opportunity in various sectors, with Quadrise's Research & Development team focused on finding new net zero carbon future fuel solutions."
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