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Active Energy Group (AEG)

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Thursday 08 April, 2021

Active Energy Group

Response to Publication & IP Applications Update

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 CoalSwitchTM 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 CoalSwitchTM Licence Agreement between AEG and RMDE, which was first announced on 28 November 2019, will be made if appropriate.

 

ENDS

 

Enquiries

Active Energy Group Plc

Michael Rowan

Chief Executive Officer

Andrew Diamond

Chief Financial Officer

 

  [email protected]

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

 

David Hignell / Caroline Rowe

Office: +44 (0)20 3470 0470

Allenby Capital Limited

Joint Broker

Nick Naylor/James Reeve (Corporate Finance)

Amrit Nahal (Sales/Corporate Broking)

Office: +44 (0)20 3328 5656

Camarco

Financial PR Adviser

Gordon Poole / Tom Huddart / Emily Hall

[email protected]

Office: +44 (0) 20 3757 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™ 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™ and a low emission CoalSwitch™ blend that utilises other waste materials.

 

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