("Velocys" or "the Company")
20 May 2016
Mailing of 2015 annual report; notice of 2016 AGM
Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), announces that copies of the 2015 annual report and accounts, together with the notice of AGM and proxy voting form have been sent to all registered shareholders and are now available for viewing on the Company's website, www.velocys.com.
The annual general meeting will be held at 10.45 am on Tuesday 14 June 2016 at the Milton Park Innovation Centre, 99 Park Drive, Milton Park, Oxfordshire, OX14 4RY.
- Ends -
For further information, please contact:
David Pummell, CEO
Susan Robertson, CFO
+44 1235 841 700
Numis Securities (Nomad and Broker)
Alex Ham - Corporate Broking
Stuart Skinner / Jamie Lillywhite - Nominated Adviser
+44 20 7260 1000
Camarco (financial communications & PR)
Billy Clegg / Georgia Mann
+44 20 3757 4983
Notes to editors
Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL) that turns natural gas or biomass into premium products such as diesel, jet fuel, waxes and base oils. Smaller scale GTL adds value to shale gas and bio-waste, and makes stranded or flared gas economic - an untapped market of up to 25 million barrels per day.
Velocys technology, protected by several hundred patents in over 30 countries, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. The Company's standardised modular plants are easier to ship and faster to install, at lower risk, even in the most remote or challenging locations. Together with world-class partners, Velocys works flexibly to unlock gas resources of 15,000 to 150,000 mmbtu per day, allowing more companies to take advantage of more opportunities.
Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company is well capitalised and has a multi-disciplinary staff of around 100 operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. Its commercial reference plant, which will be located adjacent to Waste Management's East Oak landfill site, is expected to reach mechanical completion in mid-year 2016.
Think Smaller™. Velocys is changing the way fuels are made.
This information is provided by RNS