Reach announcement
03 March 2023
Active Energy Group Plc
("Active Energy", "AEG", or the "Company")
Award of Canadian Trademark
Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, is pleased to announce it has received a trademark for the registration of CoalSwitch® in Canada.
The Canadian Patent and Trademark Office has issued Trademark Registration No. 1166376 for CoalSwitch® (the "Trademark"). The Canadian Trademark is an important step for AEG as it grows its intellectual property portfolio alongside the continued development of its CoalSwitch® technology.
AEG's next generation biomass technology, CoalSwitch®, has been shown to reduce CO2 emissions by up to 99 per cent. compared to coal and up to 97 per cent. compared to natural gas in an independent report from Life Cycle Associates. This is in addition to independent testing carried out under the STEP programme that showed this fuel can readily co-fire with coal and in doing so significantly reduce emissions and produces fewer pollutants.
This Trademark builds on the recent award of trademarks by the United States Patent and Trademark Office and the UK Intellectual Property Office in February 2023. AEG has also renewed its Chain of Custody (CoC) and Controlled Wood certifications that are compliant with Forest Stewardship Council® (FSC) standards for CoalSwitch® confirming that it only uses forest-based materials from responsible sources and that all AEG's suppliers have committed to the strictest standards of forest management.
Michael Rowan, CEO of Active Energy, commented: "We are delighted to have been awarded the Trademark in Canada following the recent award of trademarks in the UK and US. We are focused on protecting and growing our intellectual property portfolio as we deliver on our strategy of producing a next generation biomass pellet."
Enquiries:
| Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Michelle Fagan (Chief Financial Officer) | info@aegplc.com |
| Allenby Capital Limited Nominated Adviser and Broker | Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) | Office: +44 (0)20 3328 5656 |
| Camarco Financial PR Adviser | Tom Huddart / Emily Hall / Lily Pettifar | Office: +44 (0)20 3757 4980 |
| Scoville PR US PR Adviser | John Williams | aeg@camarco.co.uk |
| Website | | |
| www.aegplc.com | www.linkedin.com/company/activeenergy
| @aegplc |
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