Hazer Group CEO Discusses Milestone in IP Protection and Commercialisation Progress
Key Ideas
- Hazer Group CEO Glenn Corrie highlights the significance of recent intellectual property protection rights endorsement by WIPO for their core technology, enhancing their patent portfolio strength and protection strategy.
- The fluidised bed reactor, a key component of the Hazer technology, is scalable and unique, offering a competitive advantage in the hydrogen and graphite production space, positioning the company well for commercialization.
- Hazer Group has secured partnerships with major players like FortisBC, Chubu Electric, ENGIE, and POSCO, paving the way for commercial facilities and potential revenue streams through licensing agreements.
- The company's focus on scaling up to meet increasing customer demands and progressing towards commercial facilities reflects a positive outlook for Hazer Group's technological development and market presence.
Hazer Group, trading as HZR on the ASX, is a technology development company specializing in the commercialization of the Hazer Process, a method for producing low-emission hydrogen and high-quality graphite from natural gas and similar feedstocks. CEO Glenn Corrie discusses the company's recent milestone in intellectual property protection, emphasizing the endorsement by WIPO for their reactor control systems. The protection strengthens the patent portfolio, making it challenging for competitors to replicate their technology. The fluidised bed reactor used by Hazer is proven to be scalable, giving them a competitive edge in meeting the increasing demand for their technology. Corrie mentions partnerships with major companies like FortisBC, Chubu Electric, ENGIE, and POSCO, indicating progress towards commercial facilities and potential licensing agreements. The company's strategic focus on scaling up production to meet customer demands showcases a positive outlook for Hazer Group's growth in the hydrogen and graphite production industry.