Neuftec Responds to a Fundamental Inaccuracy in Oxonica PLC's Regulatory Announcement

Neuftec Responds to a Fundamental Inaccuracy in Oxonica PLC's Regulatory
Announcement

ROSEAU, Commonwealth of Dominica, June 19 /PRNewswire/ -- Neuftec
Limited, the proprietor of the original nano-particulate cerium oxide fuel
catalyst technology, which recently issued a claim against Oxonica Energy
Limited, a wholly owned subsidiary of Oxonica PLC, for infringement of its
European Patent in the High Court of Justice, has commented on a fundamental
inaccuracy in Oxonica's AGM Statement issued by Dr Matthews (CEO) on 19 June
2008.
Dr Kevin Matthews stated in the recent Regulatory Announcement that:
"In 2007 Neuftec acknowledged that Envirox as supplied by Nyacol,
Oxonica's strategic partner, does not fall within the claims of their granted
patent, EP(UK) 1299 508."
In May 2007, Oxonica provided Neuftec with a confidential statement
containing what it claimed to be the chemical composition of Envirox sold to
Petrol Ofisi. Based on that information alone, Neuftec confirmed in June 2007
that the second source product supplied to Petrol Ofisi did not come within
the scope of claims of Neuftec's patent. Neuftec has never acknowledged that
Envirox products sold to customers other than Petrol Ofisi did not infringe
Neuftec's European patent.
Neuftec has obtained samples of Oxonica's Envirox formulation produced by
Nyacol and conducted a preliminary analysis of the formulation. The results
of this analysis confirm that the Nyacol Envirox formulation does not match
the compostion statement issued to Neuftec by Oxonica. Neuftec Limited thus
reserves its position regarding its rights to claim infringement in respect
of all other formulations of Envirox supplied to other parties.
As reported earlier this month, the latest alleged infringement occurred
when Oxonica shipped Envirox formulations to Italy for use in Italian
Government laboratory emission testing. Neuftec is continuing it's
investigations with customers, distributors & agents of Oxonica to determine
the extent of the alleged infringement. Neuftec issued proceedings to seek an
injunction against Oxonica as well as damages in relation to product already
sold and delivery up or destruction of all articles that would infringe
Neuftec's European patent.
About Neuftec
Neuftec is a research & development company that owns patents in the fuel
catalyst technology sector used in the production of the first version of
EnviroxTM (2001-2007) that was manufactured by Advanced Nanotechnology
("ANO") of Australia under a manufacturing licence granted by Oxonica with
authorization from Neuftec.
On 29 February 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 in
re-examination proceedings initiated by Oxonica.
SOURCE Neuftec Limited

For further information, please email: Ronen Hazarika, Neuftec Limited, Tel.
+65-9633-8072, legal@neuftec.com