QualityStocks News - ThermoEnergy Creates Program to Strengthen Patent Portfolio and Stimulate Innovation

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New intellectual property development and incentive program is a strategic means to promote patentable thinking and growth

QualityStocks would like to highlight ThermoEnergy, a publicly traded diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. The company develops technically advanced sustainable water treatment and clean energy technologies that help clients operate more efficiently, save money, and reduce their carbon footprints.

In the company’s news yesterday,

ThermoEnergy announced it has launched a formal intellectual property development and incentive program to create support for the company’s efforts to advance its power and water treatment businesses.

The program is designed to build the strongest possible patent positions for the company, complementary to its portfolio of more than 30 patents and patents pending in the U.S. and other countries for wastewater treatment and recovery, and in clean combustion of fossil fuels for power generation.

ThermoEnergy currently has patents in two key areas: for the generation of clean electric power through a process in which coal is burned in highly purified oxygen at high pressure; and patents for water treatment and chemical separation technologies.

ThermoEnergy has retained Wolf Greenfield, a law firm specializing in intellectual property, to evaluate and manage the value of the company’s existing intellectual portfolio.

In addition, ThermoEnergy has implemented a reward program in which ThermoEnergy employees will receive cash bonuses and stock options for ideas that could result in successful patent filings.

“Innovation is crucial for successful clean technology companies,” ThermoEnergy chairman and CEO Bullock stated in the press release. “ThermoEnergy is fortunate to have some of the best engineers and technicians in the industry. With this program, we will better reward their creativity, spurring new ideas and adding value to the company.”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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