Toronto; 06 July 2009 — Phoenix Canada Oil Company (TSXV : PCO & OTC BB : PHXCF) today announced that its proprietary hydrogen gas production technology, held under U.S. Patent No. 7,122,171 by its U.S. unit, Phoenix International Energy Inc., has received materially extended coverage in a new U.S. Patent slated for issue shortly. The new patent expands the “foundation” Phoenix technology covering the generation of low cost hydrogen gas from an ordinary water feedstock by effectively harnessing and catalytically converting light energy to chemical energy in the production system.
The new patent expands the basic proprietary coverage by the application of a much wider array of system elements and components for hydrogen generation which can result in reduced production costs. The Phoenix “Hydrogen Economy” initiative, powered by a virtually inexhaustible energy resource, will produce sustainable clean energy, generating only pure water vapour emissions upon combustion. Greenhouse gas emissions and global warming issues will be reduced or eliminated with minimal environmental impact on long term climate stability. Competitive coal, hydrocarbon and nuclear fuels will inevitably be constrained by the depletion of finite reserves, the costs and dangers of eliminating a wide range of polluting carbon, sulphur and nitrous oxide emissions, as well as for nuclear waste disposal.
Phoenix plans for a leading role in the future “Hydrogen Economy” — following the milestone grant of U.S. Patent 7,122,171 in October 2006 and the Patent Office allowance of a new patent extending proprietary protection to a wider range of lower cost hydrogen production system elements, components and materials. Phoenix International Energy Inc., the Company’s U.S. unit, holds worldwide exclusivity for the innovative, proprietary hydrogen gas production system under a Technology License Agreement with a major U.S. research university which extends for 20 years beyond the 17-year term of the last patent issued under the accord. The original U.S. Patent and the new U.S. patent allowance confirm that the rigorous pre-patent examination process has disclosed no “prior art” that conflicts with the Company’s proprietary “foundation” technology covering the light-powered generation of hydrogen gas from an ordinary water feedstock. Phoenix has also filed a provisional U.S. Patent application covering the chemical combination of hydrogen gas with captured carbon emissions to produce all conventional liquid transportation fuels (synfuels) ranging from light-end jet fuel through heavy-end diesel markets.
Further Information — Contact:
S. Donald Moore, President & CEO
T. 416.368.4440 & E. firstname.lastname@example.org
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