NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
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.
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For
more information, contact:
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Powerhouse Energy Group Plc
Paul Emmitt, CEO
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+44 (0) 203 368 6399
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Strand Hanson Limited (Nominated & Financial
Adviser)
Ritchie Balmer / James Harris / Rob
Patrick
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+44 (0) 207 409 3494
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SP
Angel Corporate Finance LLP (Broker)
Stuart Gledhill / Adam
Cowl
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+44 (0) 20 3470 0470
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Tavistock (Financial PR)
Simon Hudson / Nick Elwes / Saskia
Sizen
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+44 (0) 207 920 3150
powerhouse@tavistock.co.uk
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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