Today on April 23, 2019, Hazer Group Limited (ASX: HZR) announced its first Australian patent grant for the process of producing hydrogen and graphitic carbon from hydrocarbons. This grant is in addition to the two previous grants made in December 2018 which were certified in February 2019 and April 2019. These patents, when taken together, provide broad, enforceable protection for the company’s core technologies in Australia. Remaining patent applications remain ongoing and continue to be pursued as per the standard procedures and timelines of the various relevant patent organisations.
Hazer Group’s CEO, Geoff Ward stated that it was a significant step for the company in securing its patent rights in Australia. Mr. Ward further stated that this is the first granted standard patent in Hazer’s intellectual property portfolio protecting the company’s processes which is a significant milestone for Hazer and its team. This granted standard patent, together with the certified innovation patents, provide a solid foundation for the company’s intellectual property position in Australia and protection to its commercial development strategy.
The company instituted a disciplined and rigorous Intellectual Property strategy to protect its novel IP across relevant international jurisdictions. The strategy is based around Australian and international patent applications covering 4 patent families across 23 provinces. These patent filings are being pursued under the relevant national application processes in each jurisdiction and are proceeding according to normal timelines. To date, examination reports have been received in Europe, Australia, Singapore, Eurasia, and Thailand. The company is working through the examination procedures in those jurisdictions.
The Australian patent applications are the most advanced and may be used to accelerate patent approval in other jurisdictions under the Global Patent Prosecution Highway mechanism. To date, Hazer has received one Australian Patent and two Australian Innovation Patents (a secondary patent class with lesser rights than an Australian Patent). It is continuing to progress two additional Australian Patent applications and will report on their progress as milestones as notification of grant is received.
As per previous updates, on April 1, 2019, the company announced the certification of Australian innovation patent AU 2018101788 entitled “A process for producing hydrogen and graphite from natural gases”.
On February 26, 2019, Hazer Group announced the certification of Australian innovation patent AU 2018101787 and acceptance of Australian patent application AU 2016312962.
On December 17, 2018, it announced the grant of two Australian innovation patents AU 2018101787 and AU 2018101788, together with the acceptance of Australian patent application AU 2016240393.
On November 23, 2018, it provided a status on its intellectual property portfolio and intellectual property strategy.
On stock information, at the time of writing (on April 23, 2019, AEST: 02:43 PM), the stock of Hazer Group was trading at $0.320 up 4.918% with the market capitalisation of ~$29.66 Mn. Today, it made day’s high at $0.320 and day’s low at $0.310 with an average daily volume of more than 214,362. Its 52 weeks high was at $0.450 and 52 weeks low at $0.190 with an average volume of 88,884. Its return for past 1 year, 6 months, and 3 months are 11.93%, -16.44%, and 1.67% respectively.
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