Last checked at 13 Feb 2023 07:00
Reach announcement
13 February 2023
Active Energy Group Plc
("Active Energy", "AEG", the "Company" or the "Group")
Award of patents
Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, is pleased to announce it has been awarded multiple patents for turning forest waste into clean energy (the "Patents").
In the US, the United States Patent and Trademark Office has issued two Patents, No. 10,647,935 and No. 10,858,607, and in Canada, the Canadian Patent Office has issued Patent No. 2,999,447, for treating and preparing biomass to be used as fuel.
The award of three new Patents builds on the successful receipt of the Malaysian patent for CoalSwitch® in July 2022, as well as patents awarded in the United States in 2020 for the manufacturing and production of CoalSwitch® and in Canada in 2021 for beneficiating and cleaning biomass. The Company continues to file further patent applications globally, targeting significant markets such as Europe and Asia.
CoalSwitch® has been shown to reduce CO2 emissions by up to 99 per cent. compared to coal and up to 97 per cent. compared to natural gas in an independent report from Life Cycle Associates. AEG's partner, Player Design Inc, is currently in the final states of constructing a fully commercial scale CoalSwitch® production facility in Ashland, Maine where commissioning is expected in late spring.
Michael Rowan, CEO of Active Energy, commented: "We are delighted to have received three further Patents for our CoalSwitch® technology, the leading next generation biomass pellet. The Patents add further protection to our pellet, which we believe is a revolutionary product in the biomass market."
Enquiries:
Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Michelle Fagan (Chief Financial Officer) | info@aegplc.com |
Allenby Capital Limited Nominated Adviser and Broker | Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) | Office: +44 (0)20 3328 5656 |
Camarco Financial PR Adviser | Tom Huddart / Emily Hall / Lily Pettifar | aeg@camarco.co.uk Office: +44 (0)20 3757 4980 |
Scoville PR US PR Adviser | John Williams | aeg@camarco.co.uk |
Website | ||
www.aegplc.com | www.linkedin.com/company/activeenergy
| https://twitter.com/aegplc @aegplc |
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