TIDMAEG

RNS Number : 8479U

Active Energy Group PLC

08 April 2021

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

8 April 2021

Active Energy Group Plc

('Active Energy', 'AEG', or the 'Company')

Response to Publication in Canada & Update on IP Applications and Filings

The Directors of Active Energy, the London quoted international biomass based renewable energy and forestry management business, note the open letter (the "RMDE Letter") from Ron Derrickson, Chairman of RMD Environmentals, Inc. ("RMDE"), regarding the status of AEG's CoalSwitch(TM) Licence Agreement with RMDE, which was posted to the RMDE website on 7 April 2021.

The Company's Directors wholly refute all the allegations made in the RMDE Letter and by Ron Derrickson. The directors are of the firm belief the allegations are completely unfounded. AEG has taken legal advice and is now pursuing appropriate legal recourse.

AEG confirms that it has correctly filed all patents and patent applications in the US and Canada over the last 2 years. Patents were awarded in the US in November 2020 and AEG has received confirmation from its US & Canadian patent attorneys that there have not been any substantive amendments to the application, and that the final stages of approval for the Canadian patents is nearing completion.

Further announcements regarding the CoalSwitch(TM) Licence Agreement between AEG and RMDE, which was first announced on 28 November 2019, will be made if appropriate.

ENDS

 
 Enquiries 
 Active Energy   Michael Rowan                            info@aegplc.com 
  Group Plc       Chief Executive Officer 
                  Andrew Diamond 
                  Chief Financial Officer 
                ------------------------------  ------------------------- 
 SP Angel        David Hignell / Caroline          Office: +44 (0)20 3470 
  Corporate       Rowe                                               0470 
  Finance 
  LLP 
  Nominated 
  Adviser 
  and Joint 
  Broker 
                ------------------------------  ------------------------- 
 Allenby         Nick Naylor/James Reeve           Office: +44 (0)20 3328 
  Capital         (Corporate Finance)                                5656 
  Limited         Amrit Nahal (Sales/Corporate 
  Joint Broker    Broking) 
                ------------------------------  ------------------------- 
 Camarco         Gordon Poole / Tom Huddart             aeg@camarco.co.uk 
  Financial       / Emily Hall                    Office: +44 (0) 20 3757 
  PR Adviser                                                         4980 
                ------------------------------  -------------------------

About Active Energy Group:

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch(TM) is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch(TM) and a low emission CoalSwitch(TM) blend that utilises other waste materials.

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April 08, 2021 06:46 ET (10:46 GMT)

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