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Hazer Group Ltd

Hazer Group strengthens intellectual property behind Hazer Process technology

The company recently entered an MoU with Water Corporation to consider developing hydrogen production facility.

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Proactive caught up with Hazer earlier this week for an update

Hazer Group Ltd (ASX:HZR) has furthered protected its rights to its Hazer Process technology after a second Australia patent was granted and a South African patent was accepted.

The Australian Patent (AU 2016312962) is in addition to Hazer’s first standard granted patent in April 2019 and its two previous Australian Innovation Patents granted in December 2018.

Hazer’s South African patent application, which was also entitled “A process of controlling the morphology of graphite” has also been accepted.

Notably, this is the first of Hazer’s patent applications accepted in a foreign jurisdiction.

READ: Hazer Group signs MoU to develop potential hydrogen production facility

Hazer’s managing director and CEO Geoff Ward said: “The grant of a second Australian Standard Patent and acceptance of our first international patent application are positive steps for the company.

“We will continue to execute our IP strategy to protect the value of Hazer’s novel low emission hydrogen and graphite production technology.

“We are particularly pleased to have secured our first international patent and will continue to pursue protecting our technology in Australia and other key international jurisdictions.”

The next stage of development involves a commercial demo plant

The Hazer Process utilises methane as a feedstock to produce hydrogen and graphite, without the production of carbon-dioxide in the reaction process and capturing the carbon in the feedstock as solid graphite.

Proactive caught up with Hazer earlier this week for an update.

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Price: $0.39

Market: ASX
Market Cap: $37.45 m
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