Mise à jour sur l'installation d'Ashland
23 Février 2024
Groupe d'énergie active Plc
("Énergie active" ou la "Entreprise")
Update on Ashland Facility and relationship with Player Design Inc
Énergie active (OBJECTIF: AEG, OTCQB: ATGVF), the international biomass based renewable energy business, announces an update on the Board's strategy as a result of the delays in construction, by Player Design Inc ("PDI"), of the CoalSwitch® carburant reference plant at Ashland, Maine (the "Ashland Facility").
On 26 January 2024, the Company announced that it had been informed by PDI that it will not supply CoalSwitch® fuel to either Active Energy or any of its prospective customers as it was obliged to under the terms of the take or pay agreement between the two parties. PDI has continued to provide no substantive reasons to Active Energy for this.
Furthermore, the Company has recently become aware that PDI and its owner, Tyler Player, commenced legal action in January 2024 against Active Energy in Aroostook County, Maine. This legal action, which the Board of AEG believe is completely without just cause, seeks alternative forms of redress and forms an attempt by PDI to obfuscate its contractual responsibilities. The Company will vigorously defend any baseless legal claims by PDI or Tyler Player.
Active Energy continues to seek resolution with PDI on various outstanding matters, including the return of cash of $1.1m paid by Active Energy toward development of the Ashland Facility and the return of additional prepaid monies for future services amounting to $300,000. Active Energy also continues to seek the return of its production equipment and components situated at the Ashland Facility or to agreed alternative compensation from PDI. Finally, PDI has presented the Company with unfounded claims in respect of the intellectual property related to the CoalSwitch® production process, specifically for black pellet production using steam treatment technologies. Active Energy will vigorously act to defend its CoalSwitch® intellectual property and protect its shareholders' interests.
In the absence of an agreement being reached between the parties in the immediate future, the Board will have no alternative to launching legal proceedings against PDI to recover these funds and for the significant damages incurred by Active Energy as a result of PDI's actions.
The Board continues to examine the most expedient ways to commence CoalSwitch® fuel production, using its proprietary technologies in North America or Southeast Asia. Ongoing commercial conversations continue and future customers, including companies operating in the pulp and paper, cement, and power generation industries remain committed to the receipt of CoalSwitch® fuel at the earliest opportunity.
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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