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Hazer Group Ltd

Hazer Group granted its first Australian patent for Hazer Process

The Hazer Process converts natural gas into hydrogen and graphite, using iron ore as a process catalyst.

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Securing patent rights in Australia is a significant step for the company

Hazer Group Ltd (ASX:HZR) has been granted its first Australian patent - “A process for producing hydrogen and graphitic carbon from hydrocarbons” (AU 2016240393).

This granted Australian Patent is in addition to two previous Australian Innovation Patents granted in December 2018, and certified in February and April 2019.

Hazer is continuing to progress two additional Australian Patent applications and will report on their progress as milestones as notification of grant is received.

READ: Hazer Group receives certification for second of two Australian innovation patents

Hazer’s CEO Geoff Ward said: “This is the first granted standard patent in Hazer’s intellectual property portfolio protecting the Hazer Process - a significant milestone for Hazer and its team.

“This granted standard patent, together with the certified innovation patents, provide a solid foundation for Hazer’s intellectual property position in Australia and protection to our commercial development strategy.”

READ: Hazer Group relocates pilot plant from Sydney to Perth

Hazer has had a busy start to 2019 as it continued to progress its core development pathways for the Hazer Process.

This included securing a commercial demonstration plant (CDP) to fully demonstrate a working commercial hydrogen production facility based on the Hazer Process.

It also included supporting Mineral Resources Ltd (ASX:MIN) with the commissioning of a graphite focussed pilot plant developed under the binding collaboration agreement between the companies.

Quick facts: Hazer Group Ltd

Price: $0.30

Market: ASX
Market Cap: $28.69 m
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