| TORONTO --
Phoenix Canada Oil Company (TSXV : PCO & OTC BB : PHXCF) reports that
new patent filings, deriving from the recent issue of U.S. Patent # 7,122,171,
have been completed under International Patent Cooperation Treaty (PCT)
rules. Under the Technology License Agreement with a major U.S. research
university, held by its U.S. unit, Phoenix International Energy Inc., Phoenix
holds exclusive worldwide rights to the proprietary technology for a period
of twenty years beyond the initial 17-year patent term.
Phoenix said that the U. S. patent
was the primary milestone that established its leading position in the
developing hydrogen economy. Phoenix claims that the U.S. patent validates
its proprietary "foundation" technology covering the solar light-powered
generation of low cost, pure hydrogen gas from a common water feedstock.
The patent also provides a strong measure of confidence that no competitive
"prior art" that conflicts with the Company's innovative hydrogen technology
was determined in the examination process.
The PCT filing procedure is being
extended to Canada, the European Union, Australia and India. The Indian
filing is considered of special economic interest due to the sub-continent's
rapidly expanding economy which remains dependent on geologically limited
energy resources. India's patent law system is patterned on established
English and U.S. common law practice that clearly recognizes and protects
intellectual property rights.
The patented Phoenix hydrogen generation
technology employs practically the full spectrum of solar light energy
to catalytically produce virtually inexhaustible hydrogen gas resources
of pristine energy from an ordinary water feedstock. Hydrogen's combustion
products consist exclusively of heat and water vapor. The elimination of
greenhouse gas emissions and global warming effects will ensure longer
term environmental stability.
|