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Posted: April 18, 2008
Neuftec Patent Validity Confirmed in Re-Examination Proceedings Initiated by Oxonica PLC
(Nanowerk News) 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 February 29, 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."
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.
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