Phoenix Canada Oil Extends International Patent Filings on Hydrogen Gas Generation Technology
September 14 2007 - 2:20PM
PR Newswire (US)
TORONTO, Sept. 14 /PRNewswire-FirstCall/ -- Phoenix Canada Oil
Company (TSXV : PCO & OTC BB : PHXCF) reports that new patent
filings, deriving from the recent issue of U.S. Patent # 7,122,171,
have been completed under International Patent Cooperation Treaty
(PCT) rules. Under the Technology License Agreement with a major
U.S. research university, held by its U.S. unit, Phoenix
International Energy Inc., Phoenix holds exclusive worldwide rights
to the proprietary technology for a period of twenty years beyond
the initial 17-year patent term. Phoenix said that the U. S. patent
was the primary milestone that established its leading position in
the developing hydrogen economy. Phoenix claims that the U.S.
patent validates its proprietary "foundation" technology covering
the solar light-powered generation of low cost, pure hydrogen gas
from a common water feedstock. The patent also provides a strong
measure of confidence that no competitive "prior art" that
conflicts with the Company's innovative hydrogen technology was
determined in the examination process. The PCT filing procedure is
being extended to Canada, the European Union, Australia and India.
The Indian filing is considered of special economic interest due to
the sub-continent's rapidly expanding economy which remains
dependent on geologically limited energy resources. India's patent
law system is patterned on established English and U.S. common law
practice that clearly recognizes and protects intellectual property
rights. The patented Phoenix hydrogen generation technology employs
practically the full spectrum of solar light energy to
catalytically produce virtually inexhaustible hydrogen gas
resources of pristine energy from an ordinary water feedstock.
Hydrogen's combustion products consist exclusively of heat and
water vapor. The elimination of greenhouse gas emissions and global
warming effects will ensure longer term environmental stability.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
release. DATASOURCE: Phoenix Canada Oil Company Limited CONTACT: S.
Donald Moore, President, T. (416) 368-4440, E.
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