Powerhouse Energy Group PLC European Patent Grant Confirmed (5270M)

TIDMPHE

RNS Number : 5270M

Powerhouse Energy Group PLC

15 September 2023

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 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) 
  James Joyce 
  James Bavister                           +44 (0) 207 220 1666 
 Turner Pope Investments (TPI) Ltd 
  (Joint Broker) 
  Andrew Thacker 
  James Pope                               +44 (0) 203 657 0050 
 Tavistock (Financial PR)                  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

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUSSAROWUKAUR

(END) Dow Jones Newswires

September 15, 2023 02:00 ET (06:00 GMT)

PowerHouse Energy (AQSE:PHE.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024