RCS - Active Energy Group - Award of patents

Active EnergyAnnouncement

13/02/2023 07:00

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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 CO(2) 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)                                 info@aegplc.com

                                Michelle Fagan (Chief Financial Officer)
 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                              aeg@camarco.co.uk

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                         aeg@camarco.co.uk

 US PR Adviser

 

 Website         LinkedIn                                Twitter
 www.aegplc.com  www.linkedin.com/company/activeenergy   https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                        @aegplc

 

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