Innovente Inc.

Innovente Inc.

April 11, 2012 08:00 ET

Innovente Obtains a US Patent for its SHOC™ Process

QUEBEC CITY, QUEBEC--(Marketwire - April 11, 2012) - Innovente inc. (TSX VENTURE:IGE) ("Innoventé" or the "Company") is proud to announce the recent granting of a US patent for its proprietary SHOC™ drying process.

This patent, valid until 2028, covers the entire process that enables Innoventé to transform organic waste into a solid biocombustible with high calorific value. The patent is assigned to the "Institut de Recherche et de Développement en Agroenvironnement" ("IRDA"), Innoventé's technological partner.

In accordance with a license agreement signed in 2008, the IRDA has granted Innoventé an exclusive worldwide license giving the Company the exclusive right to use the patents, trademarks as well as all the technical information and data developed by the IRDA with regard to the design and manufacture of the SHOC™ process. The mechanisms outlined in the agreement are designed in such a manner that Innoventé can hold these rights indefinitely, at its own discretion.

"This US patent, coupled to the Canadian patent obtained in July 2011, gives Innoventé a strong protection of its intellectual property in North America." declared Mr. Richard Painchaud, President and Chief Executive Officer of Innoventé.

In addition, a new provisional patent application has been filed recently at the international level. This application covers certain equipments used in the SHOC™ process. It will allow Innoventé to strengthen its intellectual property worldwide.

About Innoventé

Innoventé is an innovative producer of renewable energy. The Company has developed a ground-breaking concept that provides communities with a green and sustainable organic waste management solution. Known as "intelligent electricity," this solution converts organic waste into electricity, heat, and fertilizing products, thereby reducing greenhouse gas emissions. Innoventé's intelligent electricity is a solution designed to improve environmental quality and stimulate economic development - and it can easily be applied in all communities. Innoventé has nearly completed construction of its first intelligent electricity power station, which will serve 6,000 residents in Quebec's Chaudière-Appalaches region. This pioneering power station leads the way for future application of our concept around the world.

Disclaimer in regards to forward-looking statements

Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. The Corporation disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as these terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Media
    Caroline Bouchard
    Director of Communications
    Innovente Inc.
    418-692-1011 ext : 200

    Investor Relations
    Marc Jasmin CMA, President
    Jasmin Financial Communications
    514 231-2360