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MONTAUK RENEWABLES INC - Montauk Renewables Awarded Patent for Near-Zero-Emissions Renewable Energy Technology

Release Date: 26/08/2021 15:45
Code(s): MKR     PDF:  
Wrap Text
Montauk Renewables Awarded Patent for Near-Zero-Emissions Renewable Energy Technology

Incorporated in the United States of America
Company number: 85-3189583
NASDAQ share code: MNTK
JSE share code: MKR
ISIN: US61218C1036
("Montauk Renewables" or the "Company")

Montauk Renewables Awarded Patent for Near-Zero-
Emissions Renewable Energy Technology

PITTSBURGH, August 26, 2021 — Montauk Renewables, Inc. (“Montauk” or “the Company”)
(NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and
conversion of biogas into renewable natural gas (“RNG”), today announced the Company has been
awarded patent number US11,097,245, issued by the U.S. Patent & Trademark Office (USPTO), covering
24 unique elements of its Electric-Powered, Closed-Loop, Continuous-Feed, Endothermic Energy-
Conversion Systems and Methods (“the System”).

The System enables near-zero-emissions conversion of agricultural waste into multiple non-fossil,
renewable-fuel alternatives, is capable of producing approximately 10-units of renewable energy for each
unit of conventional energy consumed and sequestering approximately 25-tons of greenhouse gas
equivalent emissions (CO2e) for every single ton emitted. The System is driven by a continuous-feed,
closed loop reactor that can scale modularly to address the environmental challenges of industrial
agriculture, regardless of location or size.

“We are excited to announce that the US Patent Office has recognized the uniqueness of our technology
and granted this patent, which will enable Montauk to continue to pioneer new approaches to address the
environmental impacts of industrial agriculture, while further diversifying our product offerings in the
renewable energy economy” said Sean McClain, Montauk Renewables CEO.

As previously announced, Montauk intends to initially deploy its newly patented technology through a
large-scale development project in North Carolina. The now patented System has the potential to generate
expansive growth opportunities through systematic nation-wide deployment and global licensing

About Montauk Renewables, Inc.

Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the
management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it
from being released into the atmosphere, and converts it into either RNG or electrical power for the
electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has
more than 30 years of experience in the development, operation and management of landfill methane-
fueled renewable energy projects. The Company has current operations at 15 operating projects located in
California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas. The Company sells RNG
and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal
and state policies that incentivize their use. For more information visit

Company Contact:
John Ciroli
Vice President, General Counsel and Secretary
(412) 747-8700

Investor Relations Contact:
Georg Venturatos
Gateway Investor Relations
(949) 574-3860

Safe Harbor Statement
This release contains “forward-looking statements” within the meaning of U.S. federal securities laws,
that involve substantial risks and uncertainties. All statements other than statements of historical or
current fact included in this release are forward-looking statements. Forward-looking statements refer to
our financial condition, results of operations, plans, objectives, strategies, future performance, and
business. You can identify forward-looking statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words such as “anticipate,” “assume,”
“believe,” “can have,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,”
“forecast,” “goal,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “predict,” “project,”
“potential,” “opportunity,” “seek,” “should,” “target,” “will,” “would,” and other words and terms of
similar meaning in connection with any discussion of the timing or nature of future operational
performance or other events. For example, all statements we make related to the expected benefits of the
patented System and our plans for future growth, initiatives or strategies are forward-looking statements.
All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ
materially from those that we expect and, therefore, you should not unduly rely on such statements.

Forward-looking statements are not guarantees of future performance and are subject to certain risks,
uncertainties and other factors, many of which are beyond the Company’s control and are difficult to
predict, including, without limitation, risks related to acquisition, financing, construction and
development of new projects and project expansions; licensing of technology; infringement on our
patent(s); changes in commodity and environmental attribute pricing; changes in governmental economic
incentives for renewable energy projects; changes in expected levels of production output for renewable
energy projects; and the other risk factors described in more detail in the Company’s most recent Form
10-K annual report and other filings with the U.S. Securities and Exchange Commission at
Therefore, actual outcomes and results may differ materially from what is expressed in such forward-
looking statements. The forward-looking statements included herein are made only as of the date hereof.
The Company undertakes no obligation to publicly update or revise any forward-looking statement as a
result of new information, future events, or otherwise, except as required by law.
Pittsburgh, PA USA

Investec Bank Limited

Date: 26-08-2021 03:45:00
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