Oxford Catalysts Sign MOU
Oxford Catalysts Group PLC
08 October 2007
8 October 2007
OXFORD CATALYSTS GROUP PLC
('Oxford Catalysts' or 'the Company')
Oxford Catalysts Sign MOU with Global Consumer Goods Giant
Oxford Catalysts, the leading catalyst innovator for clean fuels, is pleased to
announce that it has entered into a memorandum of understanding ('MOU') with a
world-leading fast moving consumer goods ('FMCG') multinational to explore the
use of Oxford Catalysts' proprietary technology for Instant Steam.
The Company's Instant Steam technology enables the generation of steam
immediately on demand, using a compact, simple and portable device. The
technology incorporates a proprietary catalyst that initiates a chemical
reaction in a liquid fuel (consisting of common chemicals), that produces steam
instantaneously starting from room temperature. For example, the fuel can be
contained in a plastic spray bottle and the catalyst incorporated into the
nozzle spray mechanism. When the trigger is squeezed, the fuel passes over the
catalyst and steam is produced instantly.
By overcoming many of the disadvantages of traditional methods of making steam
- boilers and kettles - such chemically generated Trigger Steam could help
bring the many benefits of using steam in cleaning and disinfection
applications to a much wider population of users.
The MOU between the two Companies covers the initial stages of a development
programme which spans feasibility and proof-of-concept trials, through to
prototype development and product launch. If successful, it could lead to Oxford
Catalysts' technology being used by consumers worldwide, with an initial upfront
payment to the Company and ongoing royalty income on product sales.
Roy Lipski, Chief Executive of Oxford Catalysts said:
'We are very excited about our Trigger Steam technology and the potential
represented by the process we've embarked upon with this leading global consumer
goods giant.
'The possible uses of our technology are vast. We're confident that we have
found a partner that is ideally positioned to help us capitalise on its promise
in a number of mass-market applications.'
- Ends -
For further information, please contact:
Dave Wardle, Business Development Director, Oxford Catalysts 01235 841 700
Jonathan Marren/Gordon Suggett, KBC Peel Hunt (Nominated
advisers and broker) 0207 418 8900
Jonathon Brill / Billy Clegg, Financial Dynamics 020 7831 3113
Notes for Editors
Oxford Catalysts Group PLC, the leading catalyst innovator for clean fuels,
designs and develops specialty catalysts for the generation of clean fuels from
both conventional fossil fuels and certain renewable sources such as biomass.
Its patent-pending technology is the result of almost 20 years of research at
the University of Oxford's prestigious Wolfson Catalysis Centre, headed by
Professor Malcolm Green, one of the world's most respected inorganic chemists.
Oxford Catalysts was founded by Professor Green and Dr Xiao in October 2004 and
was admitted to trading on the AIM market of the London Stock Exchange on 26th
April 2006, having raised £15m before expenses from a solid base of
institutional investors.
Oxford Catalysts' strategy is to license its catalysts for commercial
application by entering into co-development partnerships with leading
manufacturers, producers and suppliers in the petroleum, petrochemicals, fuel
cells, biogas, steam applications and catalysis markets.
Oxford Catalysts has two key platform technologies. The first is for a novel
class of catalysts made from metal carbides which, for certain reactions, can
match or exceed the benefits of traditional precious metal catalysts at a lower
cost. Applications of these metal-carbide catalysts include the removal of
sulphur from crude oil fractions (known as hydro-desulphurisation or HDS), the
conversion of natural gas or coal into virtually sulphur-free liquid fuels via
the Fischer-Tropsch reaction (known as the GTL and CTL processes respectively),
and the transformation of biogas (waste methane) into syngas - the building
block of liquid fuels.
The second platform relates to chemical reactions involving a liquid containing
a renewable fuel, such as methanol, ethanol or glycerol, and dilute hydrogen
peroxide. The company's novel catalyst can be used to release hydrogen gas from
this liquid, instantaneously starting from room temperature. This groundbreaking
Instant Hydrogen technology has the potential to significantly accelerate the
commercial adoption of fuel cells in the portable and other mobile markets, by
providing the much needed source of cheap, safe, transportable hydrogen.
Another of the company's catalysts can be used to produce steam at temperatures
between 100 degrees C and 800 degrees C+ instantaneously starting from room
temperature, from a liquid fuel containing dilute hydrogen peroxide and either
an alcohol, sugar, glycerol, starch or formic acid. Such Instant Steam could
have important applications in a broad range of markets, from cleaning and
disinfecting, to green energy in the form of motive power or electricity.
www.oxfordcatalysts.com
This information is provided by RNS
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