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“Since our last newsletter in August, Calix has achieved three significant milestones that are set to significantly advance our business.
Firstly, we announced a deal had been reached on the acquisition of Inland Environmental Resources (“IER”) in the US. The addition of IER to the Calix portfolio effectively doubles our revenues, gives us a great base to continue our US expansion, and complements our marketing and technical skills in the waste-water treatment industry, with environmentally friendly magnesium hydroxide products.
The announcement coincided with a successful $12m capital raise via placement to institutional investors, along with a $1m capital raise from our current shareholders, to cover the deal and some additional expansion capital. The US is a huge opportunity for our waste water business – read more on this story in this newsletter.
Secondly, on top of the completion of the “BATMn” battery materials reactor on time and budget and announcement of $3m in grant- funding for the Calix-led “CRC-P for Advanced Hybrid Batteries”, we were also very pleased to be asked to join the $150m Future Battery Industries Co-Operative Research Centre – a 6-year Federal Government-backed development program connecting key minerals and mining companies with
universities and battery technology companies, to build a battery industry here in Australia. Read about how Calix’s technology plays into the development of better, more sustainable batteries in our Sustainability Series battery special edition
Thirdly, our LEILAC project in Belgium, demonstrating direct separation of CO2 in cement and lime production, has been joined by Solvay, a major chemical multinational interested in reducing its CO2 footprint in soda ash production – which uses both lime and CO2. The interest in the application of the technology beyond the cement and lime industries is being driven by increasing focus on “net zero CO2 emissions” legislation, already passed by France and the UK, and at the time of writing, before the European Parliament. Indeed, 2 members of the European parliament visited the LEILAC facility in October – read more on both these stories in this newsletter.
As the calendar year draws to a close, the Calix team would like to take this opportunity to thank you all again for your on-going support and interest in Calix, and wish you and your families a safe, enjoyable Christmas and New Year.”