uk corporate update19 Sep 2017 20:27
TomCo Energy Plc (TOM.L) Announced, in its update in respect of TurboShale Inc., the oil shale technology company set up by the company, that Pursuant to the Patent Purchase and Development Agreement, announced on 2 June 2017, JR Technologies LLC has agreed to waive the final condition, being the completion of the initial fundraise by TurboShale, to the transfer of its patent US7891421 B2 Method and Apparatus for In-Situ Radiofrequency Heating (US Application 62/017/408) and patent application US2015/035433 A1 Subsurface Multiple Antenna Radiation Technology (SMART) to TurboShale. Accordingly, the patents have now been transferred to TurboShale, representing an integral step in TurboShale's development programme. TurboShale has commenced preliminary lab work on the project, including preparing provisional patent filings in respect of the TurboShale process.