REG - Powerhouse Energy Gp - European Patent Application Allowed

Powerhouse EnergyAnnouncement

13/07/2023 07:00

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RNS Number : 8472F  Powerhouse Energy Group PLC  13 July 2023

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ANNOUNCEMENT.

 

13 July 2023

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

European Patent Application Allowed

 

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy, is
pleased to announce that its European Patent Application No 20751207.0;
"Method and Apparatus for the Treatment of Waste Material" has been "Allowed".
The application will now be progressed towards a full grant of patent which
will be granted on payment of the applicable fee and will provide protection
in the UK and Ireland as well as across Europe.

 

The patent application is in relation to protection around the control of the
heating of the waste within the Thermal Conversion Chamber ("TCC") over
several zones to allow the optimum synthesis gas to be produced. This allows
the temperature profile in the TCC to be adjusted to give the optimal syngas
composition. The TCC is the main thermal chamber or kiln where the conversion
of the waste feedstock to a syngas takes place.

 

The patent application being allowed is a significant milestone for PHE as it
means that the patent can now move forward to being fully granted. This also
provides validation for the work undertaken by the team and reinforces the
point that the Company has taken a known and proven base technology and
created an innovative solution.  The Board believes that this will help it to
penetrate and disrupt the clean energy market and also give protection to
PHE's proprietary technology.

 

The UK and Europe are expected to become key markets and the granting of
patent protection in these territories is therefore an important step for
the Company. PHE is in discussions with a number of clients, from a diverse
range of industries and sectors, each of which require a solution for
their waste and are seeking to reduce their reliance on virgin fossil fuels.

 

PHE looks forward to progressing its other patent applications within Europe
and the rest of the world.

 

Keith Riley, Acting CEO of PHE, commented:

"This is an important step for the Company in establishing itself as a major
developer within the waste processing sector. The patent application being
allowed is a key step to having the patent fully granted, which adds value to
what PHE can offer to its clients."

 

Paul Emmitt, Chief Operating Officer of PHE, commented:

"We are delighted to have progressed this European patent, which will allow us
to accelerate the development of commercial applications for our technology. I
also see this as justification of the engineering work that has gone into
getting us to this point."

 

For more information, contact:

 

 Powerhouse Energy Group plc                       powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Keith Riley

 WH Ireland Limited (Nominated Adviser)            +44 (0) 207 220 1666

 James Joyce

 James Bavister

 Turner Pope Investments (TPI) Ltd (Joint Broker)  +44 (0) 203 657 0050

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                          powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Simon Hudson

 Nick Elwes

 Heather Armstrong

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under
the ticker: PHE and is incorporated in England and Wales.

 

For more information see www.powerhouseenergy.co.uk
(http://www.powerhouseenergy.co.uk)

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