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Calix Ltd. ( (AU:CXL) ) has provided an announcement.
Calix Limited has signed a Memorandum of Understanding with a leading aluminium company to jointly develop its electric calcination technology for Zero Emissions Alumina (ZEAL). This agreement includes a pilot-scale material testing program and a pre-Front-End Engineering Design study, expected to generate over AU$1.0M in revenue. The collaboration aims to demonstrate the feasibility of Calix’s ZEAL technology, which could significantly reduce emissions and costs in alumina production. This partnership marks a milestone for Calix, as it expands its commercial traction in the alumina market, further validating its strategy of partnering with global industry leaders to create self-funded projects with immediate revenue potential.
The most recent analyst rating on (AU:CXL) stock is a Buy with a A$1.90 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 that focuses on developing innovative solutions for reducing emissions in industrial processes. The company specializes in electric calcination technology, aiming to replace fossil fuels in alumina refining, which is a significant contributor to global CO2 emissions.
Average Trading Volume: 286,890
Technical Sentiment Signal: Sell
Current Market Cap: A$91.24M
See more insights into CXL stock on TipRanks’ Stock Analysis page.