Velocys PLC COVID-19 Update (2992H)
24 Marzo 2020 - 08:00AM
UK Regulatory
TIDMVLS
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) +44 20 7096
Robert Jeffery 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
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END
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