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Notice of intention to grant European Patent

2nd Dec 2010 07:00

RNS Number : 2158X
Environmental Recycling Tech. PLC
02 December 2010
 



For Immediate Release 2 December 2010

 

 

Environmental Recycling Technologies plc

("ERT" or the "Group")

 

Issuance of European Patent

 

 

Environmental Recycling Technologies plc (AIM: ENRT), announces that is has received a notice of intention to grant (notice of allowance) of European Patent Application Number 02713536.7 entitled 'Process for Forming Plastic and for Forming Plastic and articles made therefrom.

This patent is ERT's core patent in Europe 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 patents already granted in the UK, Australia, China, New Zealand, Canada, and Singapore

 

ERT owns these patents, which are process patents, which are licensesed out to manufacturers of products who pay an upfront licence fee plus annual royalties based on production to ERT. Licensees can grant sub-licences, from which ERT would also receive pass through royalties on every product sold.

 

 

ERT recently announced that 2K Manufacturing, a master licensee of the PIM process, has begun commercial production of EcoSheet, an environmentally sustainable alternative to plywood made from recycling waste plastics. This confirmed the commercial viability of the PIM Process in large scale manufacturing.

 

Ken Brooks, Chairman of ERT plc commented:

"There is a very large range of industry sectors and products for which PIM licences can be granted. The receipt of this notice will enhance our ability to grant licences and sub-licences internationally, an important part of our growth strategy."

 

ends

 

For further information:

Environmental Recycling Technologies plc

0845 071 1394

Ken Brooks, Executive Chairman

Roger Baynham, Managing Director

Evolution Securities

020 7071 4300

Tim Wolledge

Bobbie Hilliam

Weber Shandwick Financial

020 7067 0700

Nick Oborne

Alex Brown

John Moriarty

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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