- CHAR Technologies (YES) has signed an exclusive technology licensing agreement
- The deal is with CHAR’s principal kiln technology supplier, Anergy
- Anergy is a global technology business with Australian heritage and is focused on transforming the cleantech sector
- CHAR has the technology rights to all the equipment intellectual property, including patents and designs
- Char Technologies is up 2.7 per cent, trading at $0.76 at 10:43 am ET
CHAR Technologies (YES) has signed an exclusive technology licensing agreement.
The deal is with CHAR’s principal kiln technology supplier, Anergy.
Anergy is a global technology business with Australian heritage and is focused on transforming the cleantech sector.
Toronto-based CHAR has the technology rights to all the equipment intellectual property, including patents and designs, which will allow the company to more efficiently lead the engineering, procurement and manufacturing of the entire High-Temperature Pyrolysis system.
The agreement will streamline the design process, reduce overheads and delivery times, and will ultimately allow for even more competitive bidding of projects and thereby potentially increased profit margins overall.
The patented HTP systems allow for the conversion of wood-based biomass and waste streams such as anaerobic digestion sludge into high-value outputs including renewable natural gas, green hydrogen and biocoal.
The HTP systems also remove harmful contaminants including Per- and polyfluoroalkyl substances or PFAS, a group of manufactured chemicals found in fabrics and materials with non-stick and fire-resistant properties such as carpets, food packaging, and fire-fighting foam.
“CHAR undertook an exhaustive search to find an equipment technology provider who could meet the requirements of CHAR’s process IP. Anergy was clearly the strongest candidate, and Anergy worked with CHAR to supply the high-temperature pyrolysis kiln, which was exclusively designed for CHAR’s proprietary process and was commissioned in 2018.
While the two companies continued to work together, this agreement formalizes that collaboration and grants CHAR an exclusive license to manufacture, distribute and deploy the combined CHAR and Anergy technologies in North America. This also strengthens CHAR’s competitive advantage in North America along with our IP and patent portfolio. We look forward to continued North American and global opportunities together with Anergy,” said CHAR CEO Andrew White.
Char Technologies is up 2.7 per cent, trading at $0.76 at 10:43 am ET.
