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Calix Ltd. ( (AU:CXL) ) has issued an update.
Calix Limited has signed a memorandum of understanding (MOU) and an agreement for material testing and an engineering study with a major global aluminium company. This collaboration is expected to generate over AU$1.0M in revenue for Calix, with payments distributed over project milestones within 12-18 months. The agreement highlights Calix’s strategic positioning in the industrial decarbonisation sector, leveraging its technology to foster partnerships with significant industry players.
The most recent analyst rating on (AU:CXL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.
More about Calix Ltd.
Calix Limited is an Australian environmental technology company focused on industrial decarbonisation and sustainability. The company has developed a patented core platform technology for indirect heating of raw materials, aimed at efficient and renewable metals and minerals processing and capturing industrial emissions. Calix applies its technology across various industries, including cement, steel, magnesia, alumina, critical minerals, and direct air capture.
Average Trading Volume: 302,822
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$88.02M
For detailed information about CXL stock, go to TipRanks’ Stock Analysis page.