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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.300 -0.105 (-25.93%)+
Announcement
Release
29 Jun 2026 9:33AM
Price at Release
$0.405
Full Release
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Summary
Calix Limited, an Australian industrial technology company, announced that its subsidiary, Leilac Limited, has secured a contract with a cement producer in East Asia to conduct a paid engineering study for a potential commercial cement project. This project will assess the feasibility of using Leilac's technology to capture approximately 100,000 tonnes of carbon dioxide emissions annually. The initiative is part of Leilac's strategy to focus on capital-light, customer-funded projects that require no capital expenditure from Calix or Leilac. Alongside this, Leilac continues to progress on scalable carbon dioxide removal technologies supported by funding from companies like Google, Stripe, and Shopify, prioritizing projects that ensure fast and cost-effective commercial deployment. Leilac is also working on projects with the Adani Group in India and exploring new pathways in DAC applications.
Key Points
  • Leilac Limited, a subsidiary of Calix Limited, secured a contract in East Asia.
  • Development of a potential commercial cement project with zero capex.
  • Partnership with Adani Group’s Ambuja Cements in India for a commercial project.
  • Focus on capturing unavoidable CO2 emissions with no capital expenditure.
  • Leilac prioritizes scalable carbon dioxide removal with funding from Google, Stripe, and Shopify.
  • Strategic review to prioritize capital-light projects that generate near-term revenue.
  • Calix retains intellectual property rights of its core technology.
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.