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Calix Ltd Receives $8.4M R&D Government Boost
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Calix Ltd Receives $8.4M R&D Government Boost

Calix Ltd. (AU:CXL) has released an update.

Australian environmental technology firm Calix Limited has bolstered its finances with an $8.4 million boost from the Australian Government’s R&D Tax Incentive program. The funds are earmarked to propel the company’s research and development initiatives, including major projects in industrial decarbonization and electrification. Calix’s work spans from developing CO2 capture modules for the cement industry to piloting green iron and steel production technologies, reflecting its commitment to tackling global sustainability challenges.

For further insights into AU:CXL stock, check out TipRanks’ Stock Analysis page.

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