StockMarketWire.com - Alternative fuels group Quadrise Fuels said it had entered into an agency agreement with Laqua, which operates under the Redliner name in Mexico.

Redliner conducted industrial infrastructure rehabilitation in Mexico for the oil and gas, water, and chemical industries.

The agreement defined the structure through which Quadrise and Redliner would seek to develop potential projects involving Quadrise's MSAR technology.

Fees payable to Redliner would be success-based commissions, related to a percentage of gross sales received by Quadrise in Mexico.

'We are excited to be working jointly with Redliner to propose and implement MSAR projects in Mexico for refinery and power generation applications,' chief executive Mike Kirk said.

'We believe that the timing for deploying MSAR in Mexico is excellent and aligned with initiatives of the new government for the energy sector, and Redliner are exactly the type of partner that we need in Mexico to progress projects at pace.'



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