Hazer Group Announced the Acceptance Of Its First Australian Patent

Hazer Group Announced the Acceptance Of Its First Australian Patent

Hazer Group Limited (ASX: HZR) is a technology development company which commercializes the use of a low-emission hydrogen and graphite production process. Hazer Group Limited made an announcement on 17 December 2018 stating that it has been advised of the acceptance of one of its Australian patent applications and grant of two patents covering various aspects of the Hazer Process.

The company is pursuing a structured and rigorous intellectual property (IP) protection program through a series of Australian and International patent applications through 4 patent application families under the International patent treaty and national jurisdiction rules. The remaining patent applications will be pursued as per the normal procedures of the various patent organizations.

The Australian patent office has accepted the company’s Australian patent application entitled “A process for producing hydrogen and graphitic carbon from hydrocarbons”. The application is now going to enter the mandated opposition period. As per the company’s announcement, after the expiration of the opposition period, the Deed of Letters Patent will be issued three months from the date of advertisement.

Hazer is also pleased to announce that its two innovation patents (AU 2018101788 and 2018101787) have now been granted. These innovation patents will broaden the company’s future licensing pathways, and it will provide additional protection to preserve the company’s rights with regards to the Hazer Process.

While providing the intellectual property update, the company’s Chief Executive Officer (CEO), Mr. Geoff Ward said that the company is extremely pleased to have received the award of these innovation patents and acceptance of the company’s first Australian patent. The company will continue to pursue its remaining patent applications as part of its ongoing IP protection strategy. Further, the company is looking forward to keep developing its strong intellectual property portfolio position as the company continue to learn more about its technology, its products, and applications and progress the Hazer Process through commercial demonstration and scale-up phases.

On 17 December 2018, the company also announced that the company’s Directors and Chief Executive Officer Mr. Geoff Ward have invested a total of $400,000 in the Company through the purchase of 1 million existing Series C options at $0.05 per option and the exercise of 1.4 million Series C options at an exercise price of $0.25 per share.

In the last six months, the share price of the company increased by 21.15 percent as on 14 December 2018. HZR’s shares traded at $0.315 with a market capitalization of circa $28.89 million as on 17 December 2018.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report