ALLENTOWN, PA, Aug. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, announces that its subsidiary Hydration Company of PA, LLC (“Hydration”) has been awarded a utility patent from the U.S. Patent and Trademark Office (“USPTO”). The USPTO issued U.S. Pat. No. 10,730,760 on August 4, 2020.
American Energy, parent to Hydration, has retained the accounting and consulting firm Grossman Yanak & Ford, LLP. The firm specializes in the valuation of intellectual property and we expect to receive a valuation on the patent prior to Q4 ‘20. The following is a link to the USPTO website for further information on our newly issued patent: USPTO Website.
Brad Domitrovitsch, Chairman & CEO of American Energy, stated, “After several years of hard work we have received a patent that further validates Hydration’s business model. The remediation of stored water to areas of the Country where water is in shortage and doing so efficiently is not only a service to the communities and industry of this nation, but should also represent a large contribution to our top-line.” He continued to say, “This is an important step as it protects and reinforces the value of the Mocanaqua Tunnel Mine Project, a partnership between Hydration, the Susquehanna River Basin Commission and EPCAMR.”
A method of supplying water using a natural water pipeline includes withdrawing impaired water from an impaired water body connected to a waterway and treating the impaired water from the impaired water body to produce treated water. The method also includes discharging the treated water into the waterway and conveying the treated water via the waterway to one or more locations proximate to one or more remote operational facilities that withdraws water from the waterway at the one or more locations. The method further includes receiving a monetary value from one or more operational entities operating the one or more remote operational facilities and providing at least a portion of one or more water access rights to the one or more operational entities in exchange for the monetary value.
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
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