Award of patents

RNS Number : 6375P
Active Energy Group PLC
13 February 2023
 

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.u k

 

Website

LinkedIn

 Twitter

www.aegplc.com

www.linkedin.com/company/activeenergy

 

  https://twitter.com/aegplc

@aegplc

 


About Reach announcements

 This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain.  Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRADBLFFXLLLBBL
UK 100

Latest directors dealings