The forward-looking statements in this release include, but are not limited to, that the new patent design will be implemented and demonstrated in the NGP Pilot Plant, which is currently on track for completion in the third quarter of this year; that the new patent application positions Aduro not just as a leader in HCT chemistry but also in its effective implementation, allowing the Company to continue advancing its commercial path by building on its expanded intellectual property assets; that the application also marks the achievement of a key milestone that the Company set as part of its main objectives for 2025; that the Company continues to focus on building and commissioning the NGP Pilot Plant and expanding its engagement with potential customers; that the filing of this new patent application will enable Aduro to progress with ongoing discussions with existing and new participants in its Customer Engagement Program and to share more details on key aspects of the technology’s process design and performance; that the patent application adds substantive perspective on the Company’s direction and plans towards commercialization; and that this achievement reflects the dedication and ingenuity of Aduro’s research team, whose work continues to drive innovation in process design and scalability.
Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, delays in the supply chain or unforeseen technical challenges could prevent the NGP Pilot Plant from being completed on schedule or at all; that competitors may develop similar technologies or patent disputes could arise, hindering Aduro’s ability to establish and maintain its leadership position and advance its technology to commercialization; failure to secure necessary regulatory approvals or unexpected technical difficulties could prevent the achievement of the key milestone related to the patent filing; market conditions or lack of customer interest could impede the Company’s efforts to build and commission the NGP Pilot Plant and expand customer engagement; inadequate patent protection or failure to demonstrate the technology’s effectiveness could hinder progress in discussions with the participants of the Customer Engagement Program; changes in market demand or regulatory hurdles could negatively impact the Company’s direction and plans towards commercialization; and loss of key personnel or insufficient funding could impede the research team’s ability to drive innovation in process design and scalability; and the risk of adverse market conditions and other factors beyond the control of the parties.
The new patent application covers a multi-functional process that integrates several off-the-shelf devices, including (an) extruder(s), for effective implementation and scaleup of Aduro Hydrochemolytic™ TechnologyLONDON, Ontario, Jan.30, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc.("Aduro” or the "Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that it has filed a patent application in the United States for a novel process design for effective implementation of it's Hydrochemolytic™ Technology ("HCT”).
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Author / Journalist: Aduro Clean Technologies Inc.
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