Active Energy Group PLC Award of Canadian Patent for CoalSwitch(TM) (8179Q)
November 01 2021 - 3:00AM
UK Regulatory
TIDMAEG
RNS Number : 8179Q
Active Energy Group PLC
01 November 2021
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
1 November 2021
Active Energy Group Plc
("Active Energy" or the "Company")
Award of Canadian Patent for CoalSwitch (TM)
Active Energy, the international biomass based renewable energy
business, is pleased to announce the award of Canadian Patent No.
2,999,447 (the "Canadian Patent') by the Canadian Patent Office in
respect of the process for beneficiating and cleaning biomass. The
Canadian Patent award completes the process of the Notice of
Allowance, which was previously issued to the Company on 9 June
2021. The Canadian Patent ensures that Active Energy holds the
proprietary rights for the CoalSwitch(TM) manufacturing process
throughout Canada for 20 years from the date of filing (being 27
March 2018).
The Canadian Patent combines with the patents awarded in the
United States to Active Energy in 2020 for the CoalSwitch(TM)
manufacturing technologies. The Company continues to file further
patent applications in the United States, South East Asia and
Europe as the CoalSwitch(TM) manufacturing processes develop.
Michael Rowan, CEO of Active Energy, commented:
"The receipt of the Canadian Patent for beneficiating and
cleaning biomass is another significant step forward for Active
Energy and we are actively developing our patent portfolio for the
CoalSwitch(TM) manufacturing processes globally. The patent
portfolio is rapidly evolving as the designs for larger scale
production facilities progress.
"We are seeing increasing momentum in our sales and marketing
activities throughout the USA, Canada and Japan and this patent
confirmation will further assist these activities. We are also
receiving positive feedback on CoalSwitch(TM) test analysis
currently being undertaken by a number of potential clients. These
tests are being conducted on CoalSwitch(TM) fuel produced at
Ashland, Maine during Q2 and Q3 of 2021."
Regulatory information
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.
ENDS
Enquiries:
Active Energy Group Plc Michael Rowan (Chief Executive Officer) info@aegplc.com
Andrew Diamond (Chief Financial Officer)
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Allenby Capital Limited Nick Naylor/James Reeve (Corporate Finance) Office: +44 (0)20 3328 5656
NOMAD and Joint Broker Amrit Nahal (Sales and Corporate Broking)
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Panmure Gordon & Co John Prior/Harriette Johnson (Corporate Finance) Office: +44 (0)20 7886 2500
Joint Broker Hugh Rich (Corporate Broking)
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Camarco Gordon Poole/Tom Huddart/Emily Hall aeg@camarco.co.uk
Financial PR Adviser Office: +44 (0)20 3757 4980
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About Active Energy
Active Energy Group plc is a London listed (AIM: AEG) renewable
energy company focused on the production and development of next
generation biomass products that have the potential to transform
the traditional coal-fired power industry and existing renewable
biomass industry.
The Company has developed a proprietary technology which
transforms waste biomass material into high-value renewable fuels.
Its patented product CoalSwitch(TM) is a leading drop-in renewable
fuel that can be: i) co-fired with coal; ii) completely replace
coal as an alternative feedstock without requiring significant
plant modifications; or iii) replace existing biomass feedstock
resources.
Active Energy Group's immediate strategic focus is the
production and commercialisation of CoalSwitch(TM) and further
CoalSwitch(TM) fuel blends that utilise other waste wood and
residual materials.
CoalSwitch(TM) is a registered trademark belonging to Active
Energy Group plc.
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END
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