RE: Getting press coverage now5 Mar 2024 10:30
AIM - WINNERS
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Active Energy Group PLC, up 72% at 0.56 pence, 12-month range 0.30p-7.50p. The biomass-focused renewable energy company's shares rise after it says it has reached a settlement agreement with Player Design Inc. Says the settlement is in regard to former activities for the potential production of CoalSwitch at PDI's facility as Ashland, Maine. The PDI parties have agreed to pay Active Energy a cash payment of USD1.7 million by no later than March 5. "Active Energy retains complete ownership of all its original patents on the steam explosion process, including all production knowledge acquired from the former production activities at the Ashland facility applicable for its future production methods for biomass products. In addition, both Active Energy and the PDI Parties have terminated all current legal claims against each other," it adds.