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2016-10-21

Minesto AB: Minesto strengthens the patent portfolio

The European Patent Office has granted leading tidal energy developer
Minesto a European patent for the primary patent family covering the
company's core technology.

"This strengthens the IP position for our already well-protected Deep
Green concept", says Dr Martin Edlund, CEO of Minesto.

Minesto's primary patent application was filed in 2006, with
additional applications being filed during 2011-2016. Earlier this
year the European Patent Office (EPO) announced that they intended to
grant a European patent for the primary patent family. EPO has now
issued a communication stating that the grant will be published early
November.

After being granted the European patent, the primary patent family
covering Minesto's core technology Deep Green will cover 15 key
markets worldwide.

"As a technology driven company it is of the outmost importance to
continuously develop our IP strategy and the protection of our most
valuable asset - our core technology. In that sense, this European
patent is a milestone for Minesto", says Dr Martin Edlund, CEO of
Minesto. He elaborates:

"Our primary patent family covering the Deep Green concept is now
strengthened and complete. This combined with patented subsystems
gives us a strong, long-term protection. Together with our other
granted patent families, we have one of the strongest IP positions in
the industry."

Minesto has a well-developed IP strategy to protect current and future
innovations. The company's IP position is also an essential part of
the company's business model as it allows license sales of the Deep
Green technology. In total, Minesto has 17 granted patents with a
number of patent applications currently being under examination.

"Minesto's firm commitment to a smart IP strategy will give them a
real competitive edge on the markets", confirms Bart Lindekens,
Director IP of KIC InnoEnergy, investor in Minesto. "Protecting
know-how with such strategic commitment is crucial for success. We
value innovative SMEs treating their intangibles as strategic assets
and we are ready to support our companies in doing just that", says
Mr Lindekens.

For additional information please contact:

Dr Martin Edlund
CEO, Minesto AB
+46 31 29 00 60
press@minesto.com

Magnus Matsson
Communications Manager, Minesto AB
+46 70 570 75 08
press@minesto.com

About Minesto

Minesto is a marine energy technology company whose mission is to
minimise the global carbon footprint of the energy industry by
enabling commercial power production from low velocity tidal and
ocean currents.

Minesto's award winning and patented product, Deep Green, is the only
proven marine power plant that operates cost efficiently in areas
with low velocity currents.

In May 2015, Minesto secured a €13m investment from the European
Regional Development Fund through the Welsh European Funding Office,
for the commercial rollout of Deep Green.

Minesto was founded in 2007 and has offices in Gothenburg, Sweden,
Holyhead, Wales and Portaferry, Northern Ireland. The major
shareholders in Minesto are BGA Invest and Midroc New Technology. G&W
Fondkommission is Minesto's Certified Advisor. Read more about
Minesto at www.minesto.com

Images of Minesto's management team and Deep Green are available to
download from Minesto's website (http://minesto.com/news/).

Follow Minesto on Twitter: @MinestoAB (https://twitter.com/MinestoAB).

The information in this press release is such that Minesto AB (publ)
shall announce publicly according to the Financial Instruments
Trading Act (1991:980), the Securities Market Act (2007:528) and/or
the EU Regulation No 596/2014 on market abuse (MAR). The information
was submitted for publication, through the agency of the contact
person set out above, at 08:45 CEST on 21 October 2016.

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http://news.cision.com/minesto-ab/r/minesto-strengthens-the-patent-portf...
http://mb.cision.com/Main/14621/2105819/578163.pdf

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