Further Patents Approved (1561A)
January 27 2011 - 2:00AM
UK Regulatory
TIDMALR
RNS Number : 1561A
Alternative Energy Limited
27 January 2011
For immediate release
27th January 2011
Alternative Energy Limited
("Alternative Energy", "AEL" or the "Company")
FURTHER PATENTS APPROVED
Further Patents Approved for e-Roof Technology
Further to its previous announcements relating to the granting
of patents in respect of its technologies, and in particular its
announcement of 27th July 2010 in respect of the grant of the
European patent for its roof based energy generation system,
Alternative Energy Limited (AIM:ALR), the Singapore based provider
of clean energy solutions, is pleased to announce that it has now
received confirmation of the grant of a further two inventions in
respect of its first generation patent filings. A further US patent
application in respect of the electrical connection system filed as
part of its second generation patent filings has been accepted.
These grants are subject to normal conditions.
Alternative Energy Limited has filed a total of 116 patent
applications in fifty six countries in respect of fifteen
inventions pertaining to its eRoof solar and wind energy conversion
systems and is currently preparing to file its first patent in
respect of its energy saving LED light technology. Alternative
Energy Limited has also registered a total of twenty-seven trade
marks in respect of its products in various countries worldwide.
All intellectual property is held through the Company's wholly
owned subsidiary Alternative Energy Technology Pte. Ltd.
As per the Acquisition agreement with Dragon Energy Pte Ltd, AEL
has issued 133,333,333 new Ordinary Shares, which will rank pari
passu with existing Ordinary Shares, in respect of these grants. As
a result of this the Company's issued share capital is now
1,530,082,930 Ordinary Shares. As part of this consideration
77,203,148 Ordinary Shares have been issued to Perfection Group
Limited, the holding vehicle of Chairman Christopher Nightingale.
Christopher Nightingale, as a result of this, is beneficially
intererested in 684,244,629 Ordinary Shares representing 44.72% of
the now issued share capital.
About Alternative Energy
Alternative Energy Limited (AEL) is headquartered in Singapore.
Alternative Energy Limited has, through its team of Singapore based
engineers, developed a number of technologies including its
patented roof based energy system, the eRoof. The Company is now
producing its third generation eRoof for commercial roll out. The
Company is also developing a number of energy saving technologies
designed to reduce power consumption, which will combine with its
energy generation systems to enable the creation of energy self
sufficient buildings.
'NOW THE WORLD HAS AN ALTERNATIVE TM'
For further information please see the Company's
website:www.alternativenergy.com.sg or please contact:
Alternative Energy Limited
Eric Goh, Director +65 9060 1355
Richard Lascelles, Director +44 (0) 20 7408 1067
Beaumont Cornish Limited
Nominated Advisor and Broker
Roland Cornish and James Biddle +44 (0) 20 7628 3396
Beaufort International Associates Limited
Kevin Feeny and Amanda Oliver +44 (0) 20 7930 8333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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