Hazer Group's IP milestone update

Hazer Group Ltd (ASX:HZR) has achieved a significant milestone in its intellectual property protection. The World Intellectual Property Organisation (WIPO) has confirmed the patentability of Hazer's latest international patent application, strengthening the company's global IP protection and coverage for technology commercialisation.

Executive commentary on IP milestone

Hazer's CEO and MD Glenn Corrie stated, 'Hazer has a leading global position in the methane pyrolysis space and this latest examination report from WIPO, the definitive administrative body for global IP, further validates and strengthens our Intellectual Property rights protection. This is a fundamentally important step as we move into the commercialisation phase of technology development and our ability to provide our unique technology to our customer base.'

Summary of Hazer's IP milestone and outlook

Hazer Group (ASX:HZR) has achieved a significant milestone in its intellectual property protection, with the World Intellectual Property Organisation confirming the patentability of its latest international patent application. This strengthens the company's global IP protection and coverage for technology commercialisation. The milestone extends the jurisdictional coverage and duration of Hazer's key patent portfolio, supporting the company's commercialisation strategy. With over 70 patents and patent applications across 5 discrete technologies underpinning the Hazer process, the company aims to present substantive barriers to any person seeking to replicate or copy its use of iron ore/iron oxide for producing clean hydrogen at commercial scale. Hazer's disciplined and rigorous intellectual property strategy, managed by specialist legal advisors and IP attorneys, aims to protect its novel intellectual property as it progresses towards large-scale hydrogen production. The company will continue to pursue its patent filings under the relevant national application processes and actively monitor other similar technologies to protect its intellectual property. The outlook for Hazer Group involves moving into the commercialisation phase of technology development and providing its unique technology to its customer base, leveraging its strengthened Intellectual Property rights protection.