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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.310 -0.055 (-15.07%)+
Announcement
Release
23 Jun 2026 8:18AM
Price at Release
$0.365
Full Release
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Summary
Calix Limited has entered a Joint Development Agreement with Ambuja Cements Limited to explore the feasibility of implementing Leilac's carbon capture technology at an Ambuja cement plant. This collaboration, which spans up to 24 months, includes an initial engineering study to decide on further development. Ambuja will cover project costs following a go decision, while Calix retains its technology's intellectual property. Leilac Limited, Calix's subsidiary, aims to produce cement and lime efficiently while reducing carbon emissions.
Key Points
  • Calix Limited and Ambuja Cements Limited have entered into a Joint Development Agreement (JDA).
  • The JDA aims to assess the technical and commercial feasibility of deploying Leilac’s carbon capture technology at an Ambuja cement plant.
  • An initial engineering study will be conducted to support a go/no-go decision, with each party responsible for its own costs up to that point.
  • The JDA is set for up to 24 months and can be terminated by either party with 30 days’ notice.
  • There is an intent to negotiate a non-exclusive licence agreement for commercial use of the technology before the go/no-go decision.
  • Ambuja Cements will fund all project costs post a successful go decision.
  • Calix will retain all intellectual property related to its core technology.
  • Leilac Limited, a subsidiary of Calix, focuses on cost-effective cement and lime production with carbon emission reduction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.