News Issue April 2021

Welcome to Issue Number 38 of the Calix Newsletter.

“In our first newsletter for 2021, we look forward to the new year with a refreshed organisational structure, focussed along 5 lines of business. We are also pleased to have recently completed a heavily over-subscribed $14m placement and $5m share purchase plan to help accelerate each line of business in line with their development and growth strategies. We thank our existing and new shareholders for this strong show of support for the company, which is well-positioned to benefit from increasing investment tailwinds in Environment, Social and Governance (“ESG”) themes.

The recent announcement of a zero-emissions lime project with Australian company Adbri is a manifestation of this ESG interest. Lime is used to make steel aluminium, gold and rare earths, and Australian exporters will increasingly need to lower their emissions, as our export markets start to measure and add carbon tariffs to goods. The EU has voted to commence such tariffs in 2023, and other major export markets are expected to follow.

We are also pleased to have recently announced our Low Emissions Intensity Lime and Cement (“LEILAC”) technology has passed its next development milestone, with the LEILAC-2 Project consortium unanimously voting to proceed to Front-End-Engineering and Design for a 100kTpa CO2 separation facility in HeidelbergCement’s Hanover cement factory in Germany.

In this newsletter we also feature two articles on our Sustainable Processing business, where Calix’s technology is being used to develop base load energy storage systems. The first article features our recent announcement with SaltX, a Swedish company who are developing a hydrated salt chemical looping system to store heat for power or heating, and another article features our SOCRATCES project, where we are working with a consortium of European companies to develop a calcium looping system for seasonal power storage and generation.

Such systems will increasingly be needed as the energy grid decarbonises, and intermittent energy generation from renewable assets increasingly requires energy storage solutions.

Our water business also continues to grow, and we feature a customer story on dangerous caustic soda replacement in our US business, leading to safer operation and cost savings for our customer. We also feature our team at Bacchus Marsh and their community out-reach program, generating great interest in the local community in regional Victoria. And lastly, we feature our newest staff member, Hinne Temminck Tuinstra, who has joined Calix based in the UK to help with our many commercial opportunities as GM – Strategy and Portfolio.

We look forward to another year of huge opportunity for the company, and continue to very much appreciate the support of all our shareholders and stakeholders.”