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Posted On: 08/04/2020 11:09:38 AM
Post# of 108471
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American Energy Partners Subsidiary Awarded U.S. PatentPress Release | 08/04/2020
ALLENTOWN, PA, Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, announces that its subsidiary Hydration Company of PA, LLC (“Hydration”) has been awarded a utility patent from the U.S. Patent and Trademark Office (“USPTO”). The USPTO issued U.S. Pat. No. 10,730,760 on August 4, 2020.
American Energy, parent to Hydration, has retained the accounting and consulting firm Grossman Yanak & Ford, LLP. The firm specializes in the valuation of intellectual property and we expect to receive a valuation on the patent prior to Q4 ‘20. The following is a link to the USPTO website for further information on our newly issued patent: USPTO Website.
Brad Domitrovitsch, Chairman & CEO of American Energy, stated, “After several years of hard work we have received a patent that further validates Hydration’s business model. The remediation of stored water to areas of the Country where water is in shortage and doing so efficiently is not only a service to the communities and industry of this nation, but should also represent a large contribution to our top-line.” He continued to say, “This is an important step as it protects and reinforces the value of the Mocanaqua Tunnel Mine Project, a partnership between Hydration, the Susquehanna River
American Energy Partners Subsidiary Awarded U.S. PatentPress Release | 08/04/2020
ALLENTOWN, PA, Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, announces that its subsidiary Hydration Company of PA, LLC (“Hydration”) has been awarded a utility patent from the U.S. Patent and Trademark Office (“USPTO”). The USPTO issued U.S. Pat. No. 10,730,760 on August 4, 2020.
American Energy, parent to Hydration, has retained the accounting and consulting firm Grossman Yanak & Ford, LLP. The firm specializes in the valuation of intellectual property and we expect to receive a valuation on the patent prior to Q4 ‘20. The following is a link to the USPTO website for further information on our newly issued patent: USPTO Website.
Brad Domitrovitsch, Chairman & CEO of American Energy, stated, “After several years of hard work we have received a patent that further validates Hydration’s business model. The remediation of stored water to areas of the Country where water is in shortage and doing so efficiently is not only a service to the communities and industry of this nation, but should also represent a large contribution to our top-line.” He continued to say, “This is an important step as it protects and reinforces the value of the Mocanaqua Tunnel Mine Project, a partnership between Hydration, the Susquehanna River
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