17th Jun 2008 07:00
|
17 June 2008 |
Nviro Cleantech plc
("Nviro" or "the Group")
Grant of UK patent for MDF recycling technology
Nviro Cleantech plc (AIM:NVR), a leader in commercialising clean technologies, is pleased to announce the granting of a UK patent for the medium density fibreboard ("MDF") recycling technology being developed by its subsidiary, Microrelease Limited ("Microrelease" or "The Company").
The patent, serial number 2410746, was granted on 4th June 2008 to Microrelease's exclusive technology partners, The University of Wales and FIRA ("the Furniture Industry Research Association"), for the recycling of lignocellulose based board materials. This UK patent, valid until February 2024, is the first for Microrelease which has additional applications pending in Australia, Brazil, Canada, China, Europe, India, New Zealand and the USA.
Chris Every, CEO of Nviro Cleantech Plc, said: "Microrelease is the second portfolio company that the Group is commercialising using the funds raised during August 2007's AIM listing and the proceeds of the placing that was announced last week, raising £10 million. While Nviro Cleantech's primary objective is to launch new technologies on the market as profitable businesses in their own right, we also focus on the development of strong, well protected intellectual property - as demonstrated in this successful registration.
We are delighted with the rapid progress demonstrated by the Microrelease team and its R&D partners at the University of Wales' Bangor campus and we look forward to the imminent granting of further patents across the globe. Microrelease's unique technology is already arousing strong interest from the MDF manufacturing and converting industries and we look forward to the further enquiries that ongoing IP protection will bring."
- ENDS -
For further information:
|
Nviro Cleantech plc |
|
|
Chris Every, Chief Executive Officer |
Tel: +44 (0) 20 7451 2473 |
|
www.nvirocleantech.com |
|
Grant Thornton Corporate Finance - Nominated Adviser |
|
|
Fiona Owen |
Tel: +44 (0) 20 7383 5100 |
|
www.grantthornton.co.uk |
|
Fairfax I.S. PLC Broker |
|
|
Ewan Leggat |
Tel: +44 (0) 20 7598 5368 |
|
www.fairfaxplc.com |
Media enquiries:
|
Abchurch Communications Limited |
www.abchurch-group.com |
|
Justin Heath / Monique Tsang |
Tel: +44 (0) 20 7398 7712 |
Related Shares:
HAYT.L