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| Date | 18 Jul 2022 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 7151S |
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
18 July 2022
Active Energy Group Plc
("Active Energy" or the "Company")
Award of Malaysian Patent for CoalSwitch®
Active Energy, the international biomass based renewable energy business, is pleased to announce the award of Malaysia Patent No. MY-191174-A (the "Malaysia Patent") by the Intellectual Property Corporation of Malaysia in respect of the process for beneficiating and cleaning biomass. The Company originally applied for the Malaysia Patent in 2018, with the final grant issued 3 June 2022. The Malaysia Patent will be valid until May 2038 and allows Active Energy to exclude others from making and/or selling its biomass product, CoalSwitch® in Malaysia according to the patented processes and systems.
The Malaysia Patent combines with 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.
Michael Rowan, CEO of Active Energy, commented:
"We are delighted to have received our patent for the beneficiating and cleaning of biomass in Malaysia. We see Malaysia as one of our primary target markets for CoalSwitch®, due to their rapid acceleration in the industrial sectors, which historically have been heavily reliant on carbon intensive fuels such as coal. We continue to work towards obtaining further permits, both in Asia and Europe."
ENDS
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Enquiries |
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Active Energy Group Plc |
Michael Rowan (Chief Executive Officer) Andrew Diamond (Chief Financial Officer) |
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Allenby Capital Limited Nominated Adviser and Broker |
Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) |
Office: +44 (0)20 3328 5656 |
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Camarco Financial PR Adviser |
Tom Huddart / Emily Hall / Georgia Edmonds |
Office: +44 (0)20 3757 4980 |
About Active Energy
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform traditional coal fired power and heavy industries and the existing renewable biomass industry.
AEG has developed a proprietary technology platform which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or wholly replace existing biomass feedstock resources.
Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®. CoalSwitch® is a registered trademark belonging to Active Energy Group plc.