REG - Powerhouse Energy Gp - European Patent Grant Confirmed

Powerhouse EnergyAnnouncement

15/10/2024 07:00

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RNS Number : 1344I  Powerhouse Energy Group PLC  15 October 2024

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ANNOUNCEMENT.

 

15 October 2024

 

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 with a
revenue generating engineering consulting division (Engsolve), is pleased to
announce that it has been notified by the European Patent Office that the
Company's European Patent EP3999257 (Application No 20751207.0), "Method and
Apparatus for the Treatment of Waste Material", was fully granted on the 11
October 2024.

 

This Patent is the resumption of the application that was announced as
contested in the Company's announcement of 6 November 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.

 

Paul Emmitt, Chief Executive Officer of PHE, commented:

"I am delighted that this patent has finally been granted. This justifies the
hard work put into the application, and into the development of the technology
preceding that, by the PHE team. This is the second patent to be granted to
the Company and provides significant protection for the Technology that
differentiates PHE from others in the waste-to-energy sector. I look forward
to providing further updates in due course."

 

 

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.

 

 

 For more information, contact:

 Powerhouse Energy Group Plc                                +44 (0) 203 368 6399

 Paul Emmitt, CEO

 Strand Hanson Limited (Nominated & Financial Adviser)      +44 (0) 207 409 3494

 Ritchie Balmer / James Harris / Rob Patrick

 SP Angel Corporate Finance LLP (Broker)                    +44 (0) 20 3470 0470

 Stuart Gledhill / Adam Cowl

 Tavistock (Financial PR)                                   +44 (0) 207 920 3150

 Simon Hudson / Nick Elwes / Saskia Sizen                   powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 

 

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

 

PHE also incorporates Engsolve Ltd, which is a revenue generating business who
offer Engineering Services across all sectors with speciality services in the
development of new technologies and clean energy.

 

For more information see www.phegroup.com

 

 

 

 

END

 

 

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