REG - Active Energy Group - Patent Awarded for CoalSwitch™

Active EnergyAnnouncement

10/12/2020 07:01

RNS Number : 1440I
  
Active Energy Group PLC
  
10 December 2020
  
 

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
10 December 2020
Active Energy Group Plc
("Active Energy", "AEG", or the "Company")
Patent Awarded for CoalSwitch™
 
Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that it has been awarded a new U.S. patent for its CoalSwitch™ process and the beneficiation of biomass. The patent, number 10,858,607, was awarded on 8 December 2020 and will ensure Active Energy holds the legal rights to exclude any other company from producing, selling or using the claimed CoalSwitch™ process for over 17 years. The proprietary CoalSwitch™ 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. process patent, number 10,647,935, which was awarded for AEG's PeatSwitch™ technology on 12 May 2020. AEG's PeatSwitch™ patent gives AEG the exclusive rights over the process of producing an engineered soil from raw biomass in AEG's unique reactor. 
The Company continues to file further patent applications in the US and will follow each of these with additional filings in Canada, Malaysia, Thailand and Europe.
 
Michael Rowan, CEO of Active Energy, said:
"CoalSwitch™ has significant market potential and is unique given the distinct and highly beneficial differences between its processes and other biomass beneficiation methods. The value driver is in the pre-treatment and post-treatment processes that effectively remove most of the soluble mineral contaminants. These patent awards to AEG underline the important commercial opportunities for CoalSwitch™. We look forward to continuing to develop the patent portfolio for AEG."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
ENDS



Enquiries




Active Energy Group Plc


Michael Rowan
Chief Executive Officer
Antonio Esposito
Chief Commercial Officer
 


 www.aegplc.com




SP Angel Corporate Finance LLP
Nominated Adviser and Broker
 


David Hignell / Caroline Rowe


Office: +44 (0)20 3470 0470




Allenby Capital Limited
Joint Broker


Amrit Nahal / Nick Naylor


Office: +44 (0)20 3328 5656




Camarco
Financial PR Adviser


Gordon Poole / Tom Huddart / Emily Hall


aeg@camarco.co.uk
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.
 

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 rns@lseg.com 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
 
 
MSCEAEANEAPEFAA