Entente de règlement avec Player Design Inc.
CETTE ANNONCE CONTIENT DES INFORMATIONS PRINCIPALES AUX FINS DE L'ARTICLE 7 DU RÈGLEMENT SUR LES ABUS DE MARCHÉ (UE) NO. 596/2014 QUI FAIT PARTIE DU DROIT INTERNE DU ROYAUME-UNI CONFORMÉMENT À LA LOI DE L'UNION EUROPÉENNE (RETRAIT) 2018 (« UK MAR »).
5 Mars 2024
Groupe d'énergie active Plc
("Énergie active" ou la "Entreprise")
Entente de règlement avec Player Design Inc.
Énergie active (OBJECTIF: AEG, OTCQB: ATGVF), the international biomass based renewable energy business, announces that, further to its announcement on the 22 February 2024, the Company and its subsidiary Advanced Biomass Solutions Limited have, on 4 March 2024, entered into a settlement agreement (the "Entente de règlement") with Player Holdings LLC together with its subsidiaries MaineFlame Inc, Player Design Inc and Tyler Player (together, the " PDI Parties"Ou"PDI") in regard to former activities for the potential production of CoalSwitchÒ at PDI's facility as Ashland, Maine ( the "Ashland Facility").
The PDI Parties have agreed to pay Active Energy a cash payment of $1,650,000 by no later than 5th March 2024, in consideration for, entre autres:
· The return of cash proceeds formerly committed by Active Energy toward the development of the Ashland Facility.
· Active Energy transferring the ownership of certain production equipment, not essential to future CoalSwitch® production, currently located at the Ashland Facility and elsewhere in Maine to the PDI Parties (the "Transferred Assets"). The book value of the Transferred Assets as at 30 June 2023 was $2.5 million.
· PDI will retain the ownership of its intellectual property created and developed in respect of specific know-how for its production methods at the Ashland Facility, and PDI will retain rights to own, develop, license, and use this specific know-how. These rights do not infringe upon Active Energy's current IP and PDI is not permitted to use any of Active Energy's existing CoalSwitch® trademarks nor use any of Active Energy's existing proprietary intellectual property in the US, Canada or worldwide.
Active Energy retains complete ownership of all its original patents on the steam explosion process, including all production knowledge acquired from the former production activities at the Ashland Facility applicable for its future production methods for biomass products. In addition, both Active Energy and the PDI Parties have terminated all current legal claims against each other.
Future CoalSwitch® production
Since September 2023, Active Energy has focused on improvements to both CoalSwitch® fuel and the production processes utilizing the new executive management team based in the US. At the Interim Results, the Company announced a working partnership with Omega Thermal Solutions Group LLC, based in the US, to develop a new manufacturing process and create variants of CoalSwitch® fuel focusing on a torrefaction production process. The improved fuel performance metrics, such as higher fixed carbon content allows these biocarbon fuels to participate in the growth markets such as soil amendments, air filtration, ferro silicon and the metallurgical steel industries. This product development is opening new revenue opportunities for CoalSwitch®.
Michael Rowan, PDG d'Active Energy, a déclaré : "An agreement with PDI regarding the former production activities at Ashland has been achieved. The Company can now develop an alternative strategy for the future production of CoalSwitch® utilizing the knowledge gained from the operations at Ashland and the commercial scale burn tests we have completed."
Enquêtes
Groupe d'énergie active Plc | Michael Rowan (Directeur Général) Michelle Fagan (Directeur financier) | |
Allenby Capital Limitée Conseiller désigné et Broker | Nick Naylor/James Reeve/Daniel Dearden-Williams (Finance d'entreprise) Amrit Nahal (Ventes/courtage d'entreprise) | Bureau: +44 (0) 20 3328 5656 |
Camarco Conseillère en relations publiques financières | Tom Huddart/Emily Hall/Lily Pettifar | Bureau: +44 (0) 20 3757 4980 |
Scoville RP Conseiller en relations publiques aux États-Unis | John Williams |
Site Web | ||
www.aegplc.com | www.linkedin.com/in/active-energy-group-plc/ | https://twitter.com/aegplc @aegplc |
À propos d'Active Energy Group
Basée à Londres et opérant aux États-Unis, Active Energy Group plc (AIM : AEG, OTCQB : ATGVF) est une société d'énergie renouvelable basée sur la biomasse axée sur la production et le développement de produits de biomasse de nouvelle génération qui ont le potentiel de transformer les centrales au charbon. les industries lourdes et électriques et l’industrie existante de la biomasse renouvelable.
Active Energy a développé une technologie exclusive qui transforme les déchets de biomasse en carburants renouvelables de grande valeur. Son produit breveté CoalSwitch® est un combustible renouvelable de biomasse de premier plan qui peut être mélangé et co-alimenté avec du charbon dans n'importe quel rapport sans nécessiter de modification significative de l'usine ni remplacer entièrement les combustibles de biomasse existants.
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