StockMarketWire.com - Velocys plc (VLS.L), the company behind smaller scale gas-to-liquids (GTL), has announced that the UK High Court has ruled in its favour in the patent infringement case it brought against CompactGTL Ltd.

The case, filed by Velocys in March 2013, concerns infringement by CompactGTL in relation to its smaller scale Fischer-Tropsch (FT) technology. (FT is regarded as the core process in any gas-to-liquids plant).

Velocys has a very substantial patent portfolio comprising more than 900 patents, covering a broad range of countries, which protects key inventions relevant to smaller scale GTL.

A judgement hearing has been set for early next month to deal with issues arising out of this decision, including relief from infringement, damages to Velocys, and reimbursement of legal costs.

Roy Lipski, CEO of Velocys, said: "Velocys is pleased by today's judgement in its favour against CompactGTL. We have demonstrated our resolve to protect our shareholders' interests and defend our intellectual property, which includes many valuable patents relevant to smaller scale gas-to-liquids production and its associated supply chain. This ruling provides important guidance to the industry, just when the market for smaller scale GTL begins taking off.

"Velocys is entering an exciting phase of growth as it continues to strengthen its leading market position and maximise its healthy pipeline of opportunities. Our technology is the basis for the construction of a commercial small scale GTL plant, the first of its kind in the US, which has now begun at Waste Management's East Oak landfill site in Oklahoma."




At 10:19am: [LON:VLS] VELOCYS ORD 1P share price was +5.38p at 242.13p



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