ReGen III Announces Patent Update and Director Resignation
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), a clean technology company specializing in upcycling used motor oil, has announced two significant updates. Firstly, the company's 2021 patent application to the Intellectual Property Office of Singapore (IPOS) for its ReGen™ process has been deemed eligible for grant, effective March 11, 2024. This brings ReGen III's total to 20 patents issued, accepted, or eligible for grant, with an additional 12 patents pending globally. Secondly, the company reported the resignation of Catherine Banat from its Board of Directors. These developments highlight ReGen III's ongoing efforts to strengthen its intellectual property portfolio and evolve its corporate governance structure.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), un'azienda di tecnologia pulita specializzata nel recupero dell'olio motore usato, ha annunciato due aggiornamenti significativi. In primo luogo, la domanda di brevetto del 2021 dell'azienda presso l'Ufficio della Proprietà Intellettuale di Singapore (IPOS) per il suo processo ReGen™ è stata ritenuta idonea per la concessione, con efficacia dal 11 marzo 2024. Questo porta il totale di ReGen III a 20 brevetti rilasciati, accettati o idonei per la concessione, con ulteriori 12 brevetti in attesa a livello globale. In secondo luogo, l'azienda ha comunicato la dimissione di Catherine Banat dal suo Consiglio di Amministrazione. Questi sviluppi evidenziano gli sforzi continui di ReGen III per rafforzare il proprio portafoglio di proprietà intellettuale e evolvere la propria struttura di governance aziendale.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), una empresa de tecnología limpia especializada en el reciclaje de aceite de motor usado, ha anunciado dos actualizaciones significativas. En primer lugar, la solicitud de patente de 2021 de la empresa ante la Oficina de Propiedad Intelectual de Singapur (IPOS) para su proceso ReGen™ ha sido considerada elegible para su concesión, con efecto a partir del 11 de marzo de 2024. Esto eleva el total de ReGen III a 20 patentes emitidas, aceptadas o elegibles para concesión, con 12 patentes adicionales pendientes a nivel global. En segundo lugar, la empresa informó sobre la renuncia de Catherine Banat de su Junta Directiva. Estos desarrollos destacan los esfuerzos continuos de ReGen III para fortalecer su cartera de propiedad intelectual y mejorar su estructura de gobernanza corporativa.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4)는 사용된 엔진 오일의 업사이클링을 전문으로 하는 청정 기술 회사로, 두 가지 중요한 업데이트를 발표했습니다. 첫째, 회사의 2021년 싱가포르 지식재산청(IPOS)에 제출한 특허 신청이 2024년 3월 11일부터 유효하게 발급 가능하다고 판단되었습니다. 이는 ReGen III의 총 발급된, 수락된 또는 발급 가능 특허 수를 20개로 증가시키며, 추가로 전 세계에서 12개의 특허가 대기 중입니다. 둘째, 회사는 Catherine Banat이 이사회에서 사임했다고 보고했습니다. 이러한 발전은 ReGen III의 지식재산 포트폴리오를 강화하고 기업 거버넌스 구조를 발전시키기 위한 지속적인 노력을 강조합니다.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), une entreprise de technologie propre spécialisée dans le recyclage de l'huile moteur usagée, a annoncé deux mises à jour significatives. Tout d'abord, la demande de brevet de l'entreprise de 2021 auprès de l'Office de la propriété intellectuelle de Singapour (IPOS) pour son processus ReGen™ a été jugée éligible à octroi, avec effet à partir du 11 mars 2024. Cela porte le total de ReGen III à 20 brevets délivrés, acceptés ou éligibles à octroi, avec 12 autres brevets en attente à l'échelle mondiale. Deuxièmement, l'entreprise a annoncé la démission de Catherine Banat de son Conseil d'administration. Ces développements soulignent les efforts continus de ReGen III pour renforcer son portefeuille de propriété intellectuelle et faire évoluer sa structure de gouvernance d'entreprise.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), ein Unternehmen für saubere Technologien, das sich auf das Upcycling von verwendetem Motoröl spezialisiert hat, hat zwei bedeutende Updates angekündigt. Erstens wurde der Patentantrag des Unternehmens aus dem Jahr 2021 beim Amt für geistiges Eigentum von Singapur (IPOS) für den ReGen™-Prozess als förderfähig eingestuft, gültig ab dem 11. März 2024. Damit erhöht sich die Gesamtzahl der von ReGen III ausgegebenen, akzeptierten oder förderfähigen Patente auf 20, mit zusätzlich 12 Patenten, die weltweit ausstehen. Zweitens meldete das Unternehmen die Rücktritt von Catherine Banat aus dem Vorstand. Diese Entwicklungen verdeutlichen die fortwährenden Bemühungen von ReGen III, sein Portfolio an geistigem Eigentum zu stärken und seine Unternehmensführungsstruktur weiterzuentwickeln.
- Patent application for ReGen™ process eligible for grant in Singapore
- Company now has 20 patents issued, accepted, or eligible for grant globally
- 12 additional patents pending worldwide
- Resignation of Catherine Banat from the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company commercializing the patented ReGen™ process to upcycle used motor oil into high-value Group III base oils, is pleased to announce the Company has been notified that its 2021 patent application to the Intellectual Property Office of Singapore ("IPOS") for the method and system for re-refining and upgrading used oil is eligible for grant, effective March 11, 2024. Issuance of the patent certificate by IPOS will occur in due course. Following this determination, ReGen III has twenty (20) patents issued, accepted, or eligible for grant for the Company's ReGen™ process, in addition to twelve (12) patents pending globally.
Director Resignation
Catherine Banat has resigned from the Company's Board of Directors. The Company would like to thank Ms. Banat for her service.
About ReGen III
ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by
In 2022, ReGen III completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies.
Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.
For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.
For further information, please contact:
Investor & Media inquiries:
Jamie Frawley
Tel: (416) 268-9432
Email: investors@regeniii.com
Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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