Proactive Investors - Run By Investors For Investors

PowerHouse Energy clarifies intellectual property position after Sunday Express report

Waste2Tricity, which is licensing PowerHouse's energy, has been leading discussions with Toyota Tsusho for a number of months.
Ecological world
All proprietary IP related to the DMG Thermal Conversion Process is owned by PowerHouse and will be licensed to Waste2Tricity

PowerHouse Energy PLC (LON:PHE) has moved to calm shareholders that may have been perturbed by a report in yesterday’s Sunday Express.

The Sunday Express report on PowerHouse partner Waste2Tricity gave the impression that the technology behind heating plastic so that it “gasifies” into hydrogen had been developed by Waste2Tricity.

In fact, the technology has been developed by PowerHouse and the AIM-listed company is in the process of filing patent claims for its DMG Thermal Conversion Process.

Waste2Tricity has agreed to license the technology from PowerHouse.

The Sunday Express article also reported that Waste2Tricity has "teamed up with Toyota to open new recycling and refuelling stations”; for the sake of clarity, PowerHouse noted that no agreements regarding the deployment of the DMG Technology for new recycling and refuelling stations have been finalised between the parties.

Shares in Powerhouse were up 3.7% at 0.52p.

 

View full PHE profile View Profile

PowerHouse Energy Timeline

Related Articles

oil and gas operations
July 09 2018
Greka highlighted improved revenues which boosted gross profit despite the challenges experienced in India and China through 2017.
oil well
February 06 2019
Company has exploration and production interests in shale licences in the US and Australia
oil wells
November 22 2018
Highlands has been undertaking fracking operations at its East Denver acreage recently

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use