Active Energy Group PLC Award of Canadian Notice of Allowance for Patent (2523B)
June 09 2021 - 1:00AM
UK Regulatory
TIDMAEG
RNS Number : 2523B
Active Energy Group PLC
09 June 2021
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
9 June 2021
Active Energy Group Plc
("Active Energy", "AEG", or the "Company")
Award of Canadian Notice of Allowance for Patent for CoalSwitch
(TM)
Active Energy, the London quoted renewable energy company
focused on the production and development of next generation
biomass products, is pleased to announce that it has been awarded a
"Notice of Allowance" for the Canadian patent for its
CoalSwitch(TM) process and the beneficiation of biomass.
The Notice of Allowance will ensure Active Energy holds the
legal rights to exclude any other Canadian company from producing,
selling or using the claimed CoalSwitch(TM) process for 17 years
after the date of issuance. The proprietary CoalSwitch(TM) process
includes subjecting steam-exploded biomass to a second washing step
to remove additional salts and light volatile compounds derived
from the biomass.
This new patent combines with the U.S. patents already received
in 2020, for AEG's CoalSwitch(TM) and PeatSwitch(TM)
technologies.
The Company continues to file further patent applications in the
United States, Malaysia, Thailand and Europe.
Michael Rowan, CEO of Active Energy, said:
"The receipt of these further patents for our CoalSwitch(TM)
product is a positive step forward for AEG, creating a larger, more
secure market for this innovative biofuel. We look forward to
continuing to develop the patent portfolio for the Company and to
expanding outside Canada and North America."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
ENDS
Enquiries
Active Energy Group Michael Rowan (Chief info@aegplc.com
Plc Executive Officer)
Andrew Diamond (Chief
Financial Officer)
------------------------------ -------------------
SP Angel Corporate David Hignell / Caroline Office: +44 (0)20
Finance LLP Rowe 3470 0470
Nominated Adviser and (Corporate Finance)
Joint Broker Rob Rees (Sales)
------------------------------ -------------------
Allenby Capital Limited Nick Naylor/James Reeve Office: +44 (0)20
Joint Broker (Corporate Finance) 3328 5656
Amrit Nahal (Sales/Corporate
Broking)
------------------------------ -------------------
Camarco Gordon Poole / Tom Huddart aeg@camarco.co.uk
Financial PR Adviser / Emily Hall Office: +44 (0)20
3757 4980
------------------------------ -------------------
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable
energy company focused on the production and development of next
generation biomass products that have the potential to transform
the traditional coal fired-power industry and existing renewable
biomass industry.
The Company has developed a proprietary technology which
transforms waste biomass material into high-value renewable fuels.
Its patented product CoalSwitch(TM) is a leading drop-in renewable
fuel that can be co-fired with coal, completely replace coal as an
alternative feedstock without requiring significant plant
modifications or replace existing biomass feedstock resources.
Active Energy Group's immediate strategic focus is the production
and commercialisation of CoalSwitch(TM) and further CoalSwitch(TM)
fuel blends that utilise other waste wood and residual
materials.
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END
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