Active Energy Group PLC Award of Canadian Notice of Allowance for Patent (2523B)

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               [e-mail] 
  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       [e-mail] 
  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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

MSCDZGGVMLNGMZG

(END) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)