26 Apr 2013 07:00
ENVIRONMENTAL RECYCLING TECHNOLOGIES PLC
(AIM: ENRT)
Grant of Further Patents
Environmental Recycling Technologies plc (AIM: ENRT), is pleased to announce an update on its patent portfolio for the Powder Impression Moulding (PIM) process.
ERThas received confirmation of the grant of additional territorial patents in Japan, Mexico and Hong Kong.
This patent is ERT's core patent for the Powder Impression Moulding (PIM) process which is a process capable of converting mixed waste plastics into a wide range of commercially viable products.
ERT currently has core PIM patents already granted in the USA, Europe, Australia, China, New Zealand, Canada, and Singapore. The addition of Japan, Mexico and Hong Kong provides ERT with a patent portfolio which covers a key number of commercial territories.
ERT owns these patents, which are process patents, which are licensesed out to manufacturers of products who pay an upfront licence fee plus annual royalties based on production to ERT. Licensees can grant sub-licences, from which ERT would also receive pass through royalties on every product sold.
Ken Brooks, Chairman of ERT plc commented: " The grant of these patents strengthens ERTs patent portfolio yet further. The company will be exhibiting at ChinaPlas 2013 in Guangzhou, China between 20-23 May 2013. Chinaplas attracts companies from around the world. With the additional granted patents our ability to licence PIM in further overseas territories is good news for the company."
Enquiries:
Environmental Recycling Technologies Plc | www.ertplc.com |
Roger Baynham, Managing Director | Telephone: +44 (0) 845 071 1394 |
Ken Brooks, Executive Chairman | |
WH Ireland Limited | |
John Wakefield | Telephone: +44 (0) 117 945 3470 |
Kreab Gavin Anderson | |
Robert Speed | Telephone: +44 (0) 20 7074 1800 |
Notes to editors:
Environmental Recycling Technologies plc (ERT) is a leading developer of innovative technologies specifically focusing on plastic waste recycling. The company holds the worldwide intellectual property rights to the Powder Impression Moulding (PIM) Process.
For more information about Environmental Recycling Technologies plc please visit www.ertplc.com