Quadrise has executed two contracts with AkzoNobel group companies (AkzoNobel) for the exclusive purchase and supply of goods and services, and for the continued exclusive joint development of emulsion fuels. These contracts replace the Alliance Agreement signed in 2004, thus ensuring continuity and on-going support from AkzoNobel for the Company's expanding development programmes.

Commenting on this development, Ian Williams, Executive Chairman of QFI, said,"These new agreements reinforce the commitment of the parties and clarify the roles and contributions of Quadrise and AkzoNobel in our future activities. This is a very positive development and will promote a sound and beneficial association as our major business programmes continue to evolve."

Tags: AkzoNobel group, Quadrise Fuels International