20th Mar 2012 07:00
ENVIRONMENTAL RECYCLING TECHNOLOGIES PLC
(AIM: ENRT)
Grant of US Patent
Environmental Recycling Technologies plc (AIM: ENRT), the AIM listed developer of specialist innovative technologies focused on plastic waste recycling, announces that is has received a notice of allowance of US Patent Application Number 10/239,039 entitled 'Process for Forming Plastic, Apparatuses for Forming Plastic and Articles Made Therefrom'.
This patent is ERT's core patent in the US for the Powder Impression Moulding (PIM) process which is a process capable of converting mixed waste plastics into a wide range of commercially viable products.
ERT currently has core PIM patents already granted in Europe, Australia, China, New Zealand, Canada, and Singapore.
ERT 's patents are process patents which are licensed out to manufacturers of products on terms requiring payment to ERT.of an upfront licence fee plus annual royalties based on production volumes Licensees can grant sub-licences from which ERT would also receive pass through royalties on every product sold.
Ken Brooks, Chairman of ERT plc commented:" The timing of this patent grant could not have come at a better time for the company who will be exhibiting at the Plastics Recycling Conference in Atlanta, USA during 20-21 March 2012. The Plastics Recycling Conference is one of the most important recycling events globally and having a US granted patent will stand us in good stead for discussions with potential US licensees."
Enquiries:
Environmental Recycling Technologies Plc | www.ertplc.com |
Roger Baynham (Managing Director) | T: 0845 071 1394 |
Ken Brooks (Executive Chairman) | |
W H Ireland Limited | www.wh-ireland.co.uk |
John Wakefield / Marc Davies | T: 0117 945 3470 |
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