Dive Summary:
- Canadian based WTEC announces that it has finalized a deal to purchase the intellectual property of Waste2Energy Group Holdings. Terms of the deal were not disclosed
- The technology has been deployed in over a dozen projects worldwide in the last 15 years.
- The technology originated from Enerwaste who sold it to Waste2Energy Holdings in 2007.
From the article:
Vancouver based waste to energy gasification specialist, Waste to Energy Canada (WTEC) has closed on the asset purchase agreement to acquire the intellectual property of Waste2Energy Group Holdings and Waste2Eenergy technologies International.
According to WTEC, the intellectual property assets including original patents and design work for the batch oxidisation system technology were sold to it via a sale order free of any claims, liens or encumbrances issued by Honorable Judge Kevin J. Carey of the Court of the district of Delaware.
