06 February 2024
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Update on European Patent Claim
Further to the Company's announcement dated 6 November 2023, the Company has been informed by its legal counsel that GetGo Recycling Limited (now Onunda Ltd) served on 2 February 2024 the High Court claim it originally issued on 6 October 2023. The action is as anticipated in the light of the earlier correspondence passing between the parties and their legal advisors. The Board sees this as the next step in the process and the proceedings will be fully defended.
-ENDS-
For more information, contact:
| Powerhouse Energy Group plc Paul Emmitt
| +44 (0) 203 368 6399 |
| Strand Hanson Limited (Nominated & Financial Adviser) Ritchie Balmer James Harris Rob Patrick
| +44 (0) 207 409 3494 |
| Turner Pope Investments (TPI) Ltd (Broker) Andrew Thacker James Pope
| +44 (0) 203 657 0050 |
| Tavistock (Financial PR) Simon Hudson Nick Elwes Saskia Sizen | powerhouse@tavistock.co.uk
|
About Powerhouse Energy Group plc
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.
Powerhouse Energy's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
Powerhouse Energy Group also incorporates Engsolve Ltd, who offer Engineering Services across all sectors with speciality services in the development of new technologies and clean energy.
Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.
For more information see: www.phegroup.com
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