17th Aug 2022 11:25
Libertine Holdings PLC - Sheffield, England-based technology for power generation from renewable fuels - In the financial year ended March 31, revenue jumps to GBP824,000 from GBP32,000 a year before, as pretax loss widens to GBP3.3 million from GBP817,000. Says it delivered GBP2.9 million of commercial and grant revenue during the period, up from GBP100,000. Since March, has completed performance validation prototype design and manufacture for the combustion testing of Mahle Powertrain, which will take place in third quarter of financial 2023. Also notes the award of additional grant funding to support developing the Mahle Powertrain. Looking ahead, will continue to focus on developing long-term relationships with original equipment manufacturers, manufacturing partners and strategic development partners. Read More
