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Circle SpA ( (IT:CIRC) ) has shared an announcement.
Circle S.p.A., through its subsidiary Magellan Circle, has joined the FLEETfor55 consortium to develop a roadmap for decarbonizing European maritime transport, aligning with the EU’s ‘Fit for 55’ environmental objectives for 2030. The project, supported by a €322,425 grant, aims to enhance energy efficiency in both existing and new ships, and create a web-based decision support system for technological evaluation. This initiative is part of Circle’s strategic plan ‘Connect 4 Agile Growth,’ and reflects its commitment to reducing maritime transport emissions while maintaining competitiveness, with a significant impact expected on the industry’s environmental goals.
More about Circle SpA
Circle S.p.A., founded in Genoa in 2012, is an Innovative SME listed on the Euronext Growth Milan market. The company specializes in process analysis and the development of solutions for the digitization of the port sector and intermodal logistics. It also offers international consulting on the Green Deal and energy transition themes. Circle’s portfolio includes software and services in IoT, Optimization, Digital Twin, Big Data, and Process Automation, and it operates through various subsidiaries and associated companies, including Magellan Circle and eXyond.
YTD Price Performance: 5.20%
Average Trading Volume: 5,507
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €41.06M
For detailed information about CIRC stock, go to TipRanks’ Stock Analysis page.
