ROSEAU, Commonwealth of Dominica, April 18 /PRNewswire/ -- Neuftec Limited, the proprietor of the original nano-particulate cerium
Oxide fuel catalyst technology, today announced that IP Australia, the
Australian government agency responsible for administering patents, trade
marks and designs, has recently confirmed the validity of Neuftec's
Australian Patent No. 2001267700 in Re-examination proceedings initiated by
Oxonica PLC, a UK based nanomaterials group.
On 29 February 2008, IP Australia issued a re-examination report in
respect of Neuftec's Australian patent. The patent had been issued in 2006
with 10 claims. In the re-examination report, IP Australia confirmed the
patentability of the 10 claims as originally granted in 2006.
"We are extremely pleased at the promptness of IP Australia in confirming
the validity of the Neuftec claims in the re-examination proceedings," said
Ronen Hazarika of Neuftec. "Whilst a considerable amount of prior art was
asserted in the reexamination against these claims, including all the art
asserted by Oxonica, IP Australia has duly considered the art and confirmed
the validity of the original claims contained in the patent as they were
originally issued several years ago. "
"These actions by IP Australia reaffirm our confidence in the
strength and value of the inventions claimed in Neuftec's fuel additive
technology patent portfolio. Obviously there must be huge technical and
commercial value in our patents for a competitor to try and petition IP
Australia to reexamine and invalidate certain claims in the patent. "
"We have a strong legal & IP team, which since our dispute
with Oxonica in January 2007, have successfully secured the termination of
our licence of the technology to them, successfully argued that the non
competition clause, preventing Neuftec from competing against Oxonica, was
not enforceable and now they have skillfully dealt with this latest action.
With such a strong legal team, who remain highly confident of Neuftec's legal
arguments, we look forward to the upcoming trial in the Royal Courts of
Justice, London in June 2008."
About Neuftec
Neuftec is a research & development company that owns patents
in the fuel catalyst technology sector used in the production of the first
version of Envirox (TM)(2001-2007) that was manufactured by Advanced
Nanotechnology ("ANO") of Australia under a manufacturing licence granted by
Oxonica with authorization from Neuftec.
For further information please email: legal@neuftec.com
Neuftec Limited
