11 November 2024
Powerhouse Energy Group
Plc
("PHE" or the "Company")
Japanese 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 Japanese Patent Office that the Company's
Japanese Patent 7577260, "Method and Apparatus for the Treatment of
Waste Material", was granted on 8 November 2024.
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 (syngas) 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.
This Japanese patent is the first
PHE patent to be granted outside of the UK/Europe and is an
important step for the Company. PHE continues discussions
with several potential clients, from a diverse range
of industries and sectors as well as geographies, 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 been granted. This is the third
patent we have been granted and provides significant protection for
the technology that differentiates PHE from others in the
waste-to-energy sector; whilst also being the first patent granted
to us outside of the UK / Europe. 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, as amended.
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
Paul Emmitt, CEO
+44 (0) 203 368 6399
Strand Hanson Limited (Nominated
& Financial Adviser)
Ritchie Balmer / James Harris / Rob
Patrick
+44 (0) 207 409 3494
SP Angel Corporate Finance LLP
(Broker)
Stuart Gledhill / Adam Cowl
+44 (0) 20 3470
0470
Tavistock (Financial PR)
Simon Hudson / Nick Elwes / Saskia
Sizen
+44 (0) 207 920 3150
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 offering 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