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Energetix Group, which develops alternative and efficient energy products, has announced that its subsidiary Energetix Genlec has received a patent in the US for its microCHP technology.
The grant of this patent provides additional protection to the company's core product platform utilised in its Kingston microCHP product and builds on the company's intellectual property portfolio relating to its Genlec technology.
Chief executive officer Adrian Hutchings said: "Energetix has its foundations rooted in strong intellectual property, including patents, know-how and trademarks. This notice of allowance provides yet further protection for our technology and creates value for the company."
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The share price rose 7.41% to 29.00p by 13:34.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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