REG - Powerhouse Energy Gp - European Patent Grant Confirmed

Powerhouse EnergyAnnouncement

15/09/2023 07:00

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RNS Number : 5270M  Powerhouse Energy Group PLC  15 September 2023

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ANNOUNCEMENT.

 

15 September 2023

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

European Patent Grant Confirmed

 

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 it has been notified by the European Patent Office
that the Company's European Patent Application No 20751207.0, "Method and
Apparatus for the Treatment of Waste Material", will be fully granted on the
11 October 2023.

 

As stated in the Company's announcement of 13 July 2023, the patent 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 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 continues discussions with a number of clients, from a
diverse range of industries and sectors, each of which requires a solution
for their  waste and are seeking to reduce reliance on virgin fossil fuels.

 

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

 

Antony Gardner-Hillman, Chairman of PHE, commented:

"I am delighted by this news, which justifies the hard work put into the
application, and into the development of the technology preceding that, by the
very skilled PHE team. This will be the first patent to be granted to the
Company. It provides significant protection for the DMG technology that
differentiates PHE from others in the waste-to-energy sector. It is fitting
that this patent has been granted while we fit out the Powerhouse Technology
Centre in Bridgend. I look forward to keeping the Company's shareholders
updated on future developments."

 

 

 

For more information, contact:

 

 Powerhouse Energy Group plc

 Antony Gardner-Hillman                            +44 (0) 7733 146326

 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)

 

END

 

 

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