RNS Number : 2387C
Powerhouse Energy Group PLC
06 February 2024

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDUNABRSKUURAR