Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc NEX:PHE.GB NEX Ordinary Share GB00B4WQVY43
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.004p -0.95% 0.416p 0.39p 0.44p 0.42p 0.416p 0.42p 117,188 08:49:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Powerhouse Enrgy Grp Waste2Tricity Report in The Sunday Examiner

31/12/2018 7:38am

UK Regulatory (RNS & others)


 
TIDMPHE 
 
PR Newswire 
 
London, 31 December 2018 
 
                          PowerHouse Energy Group plc 
                    ("PowerHouse, "PHE," or the "Company") 
 
                  Waste2Tricity Report in The Sunday Examiner 
 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic and used tyres and developer of the DMG® 
 System would like to clarify the reporting regarding ownership of intellectual 
property relating to Thermal Conversion Technologies by Waste2Tricity, Ltd by 
the Sunday Examiner on 30 December 2018. 
 
While not mentioning PowerHouse specifically, the Examiner inadvertently 
reported that Waste2Tricity, Ltd, the UK Project Development Partner for 
PowerHouse for a number of distributed electricity and distributed hydrogen 
projects within the UK and elsewhere "has patented a method of heating plastic 
until it 'gasifies' into hydrogen...." 
 
The actual patents related to the thermal conversion of waste plastic to 
hydrogen and electricity have been developed, and are in the process of being 
filed, by PowerHouse Energy Group, plc and all proprietary IP related to the 
DMG® Thermal Conversion Process is owned by PowerHouse and will be licensed to 
Waste2Tricity. 
 
This inadvertent error in reporting has resulted in a number of inquiries 
regarding the IP position of PowerHouse as it relates to its DMG® System 
technology.  To clarify, Waste2Tricity is a licensee of PowerHouse Technology 
and IP and will pay to leverage that IP to develop projects in a number of 
geographies including the UK and Japan.  The Examiner article further states 
that Waste2Tricity has "teamed up with Toyota to open new recycling and 
refueling stations...." However, to date, no agreements regarding the deployment 
of the DMG® Technology for new recycling and refueling stations have been 
finalized between the parties. 
 
As announced on 26 November 2018 Waste2Tricity has been leading  discussions 
with Toyota Tsusho (Toyota) for a number of months.  An extensive review of the 
DMG® technology by Toyota Tsusho's Chemical Business Development Division is 
under way subsequent to PHE having achieved its recent "Statement of 
Feasibility" by DNV-GL, a leading provider of technical assurance world-wide. 
 
Toyota Tsusho is one of the 17 members of the Toyota Group.  On its website, 
Toyota Tsusho is described,  "As the Toyota Group's sole general trading 
company, we gather information and promote the development of new business from 
a global perspective. As automotive professionals with unique capabilities and 
know-how, we strive to lead the Toyota Group in the challenge to develop the 
evolution of next-generation mobility to contribute to the development of both 
society and the Toyota Group." 
 
 
For more information, contact: 
 
PowerHouse Energy Group plc 
Keith Allaun, Chief Executive Officer 
Tel: +44 (0) 203 368 6399 
 
WH Ireland Limited (Nominated Adviser) 
James Joyce / Chris Viggor 
Tel: +44 (0) 207 220 1666 
 
Turner Pope Investments Ltd (Joint Broker) 
Ben Turner / James Pope 
Tel: +44 (0) 203 621 4120 
 
Ikon Associates(Media enquiries) 
Adrian Shaw 
Tel: +44 (0) 1483 271291 
Mob: +44 (0) 7979 900733 
 
 
About PowerHouse Energy 
PowerHouse Energy has developed a proprietary process technology - DMG® - which 
can utilise waste plastic, end-of-life-tyres, and other waste streams to 
efficiently and economically convert them into EcoSynthesis gas from which 
valuable products such as chemical precursors, hydrogen, electricity and other 
industrial products may be derived. The PowerHouse technology is one of the 
world's first proven, modular, hydrogen from waste (HfW) processes. 
 
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel 
quality H2, and more than 28MW/h of exportable electricity per day. 
 
The PowerHouse process produces low levels of safe residues and requires a 
small operating footprint, making it suitable for deployment at enterprise and 
community level. 
 
PowerHouse is quoted on the London Stock Exchange's AIM Market under the 
ticker: PHE, and is incorporated in the United Kingdom. 
 
For more information see www.powerhouseenergy.net 
 
 
About Waste2tricity Ltd 
 
Established in 2008, Waste2Tricity is a structured solutions provider to the 
energy-from-waste (EfW) sector, an industry supplying increasing amounts of 
electricity using feedstock diverted from landfill. Waste2Tricity works with 
clients and partners to develop, fund and support EfW deployment projects that 
use proven technology, are profitable and progressive. In the case of PHE these 
projects will use high temperature gasification and internal combustion engines 
to efficiently convert waste plastic to energy and in the future can produce 
hydrogen to support the growth of the hydrogen economy. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 31, 2018 02:38 ET (07:38 GMT)

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