Business
Award of Canadian Notice of Allowance for Patent
Award of Canadian Notice of Allowance for Patent.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2523B\n Active Energy Group PLC\n 09 June 2021\n \n \n \n Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n 9 June 2021\n Active Energy Group Plc\n (\"Active Energy\", \"AEG\", or the \"Company\")\n \n \n Award of Canadian Notice of Allowance for Patent for CoalSwitch\n ™\n \n Active Energy, the London quoted renewable energy company focused on the production and development of next generation biomass products, is pleased to announce that it has been awarded a \"Notice of Allowance\" for the Canadian patent for its CoalSwitch™ process and the beneficiation of biomass.\n The Notice of Allowance will ensure Active Energy holds the legal rights to exclude any other Canadian company from producing, selling or using the claimed CoalSwitch™ process for 17 years after the date of issuance. The proprietary CoalSwitch™ process includes subjecting steam-exploded biomass to a second washing step to remove additional salts and light volatile compounds derived from the biomass.\n This new patent combines with the U.S. patents already received in 2020, for AEG's CoalSwitch™ and PeatSwitch™ technologies.\n The Company continues to file further patent applications in the United States, Malaysia, Thailand and Europe.\n \n Michael Rowan, CEO of Active Energy, said:\n \"The receipt of these further patents for our CoalSwitch™ product is a positive step forward for AEG, creating a larger, more secure market for this innovative biofuel. We look forward to continuing to develop the patent portfolio for the Company and to expanding outside Canada and North America.\"\n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n ENDS\n \n \n \n Enquiries\n \n \n \n \n Active Energy Group Plc\n \n \n \n Michael Rowan (Chief Executive Officer)\n \n Andrew Diamond (Chief Financial Officer)\n \n \n [email protected]\n \n \n \n \n SP Angel Corporate Finance LLP\n Nominated Adviser and Joint Broker\n \n \n \n David Hignell / Caroline Rowe (Corporate Finance)\n \n Rob Rees (Sales)\n \n \n Office: +44 (0)20 3470&...