Clean Power Concepts Obtains Patents For Protein and Lipid Technology For Use in Biodiesel Production FacilitiesDate Posted: December 20, 2010
Regina, SK—Clean Power Concepts Inc. ('Clean Power' or, the 'Company') Over-The-Counter Bulletin Board: CPOW, whose subsidiary, General Bio Energy Inc. ('General Bio') is an emerging producer in the bio-fuels, renewable energy and eco-friendly biodiesel products industry, announced Dec. 17 it has acquired rights to significant Licensed Technology patents for use at its production facility.
The technology which is named "Protein and Lipid Sources for Use in Aquafeeds and Animal Feeds, and a Process for their Preparation", is exclusive technology developed as a result of scientific research conducted by the Canadian Department of Fisheries and Oceans.
The technology is covered by two patents: Canadian Patent No 2,408,551 dated September 25, 2007, which expires May 8, 2021; and United States Patent No. 6,995,831 dated October 18, 2005 which expires February 19, 2022.
Under its agreement with the Department of Fisheries and Oceans, the Company has been granted a licence to commercialize the inventions throughout the world based on the provision that the Company shall have a limited exclusive license for commercial exploitation to make and have made Licensed Products in Canada; and non-exclusive license for commercial exploitation to make, use and sell Licensed Products worldwide.
The agreement also provides the right for the Company to sub-license the technology rights to other parties.
This patent license is another important component in the company's focus on development of proteins, states Mike Shenher, President and CEO.
"The world is consuming more protein, particularly in countries like India and China, and this has created a 100 billion dollar market that we seek to supply.
"Overall, the patent rights provide us with three advantages.
"First the use of the technology for production of products for sale within Canada.
"Second the use for production of products in other countries.
"And third the possibility of sub-licensing the technology for use by other producers or potential partners."