CDTi Advanced Materials, Inc. Reports Year-end 2023 Financial Results [Yahoo! Finance]
CDTI ADVANCED MATERIALS (CDTI)
Last cdti advanced materials earnings: 8/14 04:05 pm
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US:NASDAQ Investor Relations:
investor.cdti.com
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Source: Yahoo! Finance
Matthew Beale, the Company's CEO, stated, "Our focus on solutions for the clean energy transition yielded important returns for CDTi in 2023. We further strengthened our collaborations with key industry players at the forefront of this transition and established CDTi as a leading provider of catalyst and coating technology for the nascent carbon capture, methane abatement and hydrogen production markets. We also expanded our fuel borne catalyst (FBC) offering to include solutions for global fuel additives companies as demand grows for catalyzed products delivering demonstrable fuel efficiency benefits. Although FBC revenue was lower than the prior year, we believe this reflects short-term volatility with a new product line and continue to be excited by its long-term growth prospects. "Public and private investment in technologies supporting the clean energy transition is expected to accelerate further in 2024 and beyond. We are ideally positioned having successfully leveraged our e
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