Business
ReGen III Provides Intellectual Property and Funding Update
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - ReGen III Corp. (TSXV: GIII)...
About this update from Regen Iii Corp
[{"type":"text","content":"ReGen III Provides Intellectual Property and Funding UpdateVancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (\"ReGen III\" or the \"Company\"), a leading clean technology company commercializing the patented ReGen™ process to recycle used motor oil (\"UMO\") into high-value Group III base oils, is pleased to provide the following updates:REGEN III PATENT APPLICATIONS ALLOWED IN THE UNITED STATES AND GRANTED IN INDIAReGen III's 2021 patent application to the United States Patent and Trademark Office (\"USPTO\") for the method and system for re-refining and upgrading used oil was recently allowed. Certification and issuance of the patent certificate will occur in due course. The Company is also informed that ReGen III's 2021 patent application to Intellectual Property India (\"IPI\") for the method and system for re-refining and upgrading used oil was recently granted. Copies of the Letters Patent and a copy of the complete specification from the IPI have been received by ReGen III. These are the seventeenth (17th) and eighteenth (18th) patents issued, allowed, or accepted for the Company's ReGen™ process, with another fourteen (14) patents pending globally, further solidifying the Company's position not only as an industry leader, but also highlighting its propriety innovation focus on furthering its ReGen™ technology to upcycle UMO into high-value Group III base oils.REGEN™ TRADEMARK ACCEPTED IN THE UNITED STATESIn addition to trademarks previously awarded in Canada, the European Union, the United Kingdom, Malaysia, Singapore, Mexico and India, a Certificate of Registration was issued on October 10, 2023 by the USPTO for the 'ReGen' mark. In the United States, a trademark is granted for an initial period of ten years, after which it may be renewed for consecutive ten-year periods.U.S. DEPARTMENT OF ENERGY LOAN PROGRAMS OFFICE APPLICATIONReGen III continues to meet and engage with representatives of the U.S. Department of Energy's Loan Programs Office (\"LPO\") to incorporate feedback regarding the Company's draft application. The Company recently submitted additional revisions and materials as part of the pre-application process, in advance of finalizing its formal application.CONVERTIBLE DEBENTURE FINANCINGThe Company has close...