Betolar Plc
Company Release/Inside Information
28 March 2024 at 8:15 EET
Betolar has been granted a patent that allows it to reduce the life cycle costs of roads
The materials technology company Betolar Plc has been granted a European Patent concerning a method for treating road or foundation base layer with an activator in a mobile apparatus to form a hardeanable geopolymeric or alkali-activated mixture. In the future, the patented invention can be utilized commercially to improve the bearing capacity of roads and thus reduce the life cycle costs of roads.
The patented method supports Betolar’s strategy to accelerate solution development in high-volume customer segments. The patented invention enables, for example, the use of side streams from mining operations for soil stabilization. The strengthening patent portfolio is expected to increase the company's business and value in the long term. The patent is not expected to have an immediate impact on Betolar's business results.
The patented method seeks cost-effectiveness through a simple and efficient stabilization method. In this method, the soil material is removed from the ground and stabilized by a mobile apparatus, after which the stabilized mass is spread back into the road load-bearing structure. Depending on the situation, stabilization of the road bearing layer can significantly reduce the use of virgin resources such as natural aggregates.
Research and development are an important business area for Betolar’s success. Product development produces new inventions that generate new innovations for business needs. In connection with the company's normal product development, innovations are created that, at best, lead to new value-added, patentable solutions for business needs.
“The ability to produce new solutions for high-volume customer segments by exploiting side streams is essential to the functioning of our ecosystem. Betolar has a rapidly growing patent portfolio considering its age. We have already obtained approved patents for six inventions of ours,” says Jarno Poskela, the Chief Technology Officer at Betolar. As the patent portfolio strengthens, Betolar has a further eight inventions in the process of patent approval.
Betolar Plc
More information:
Riku Kytömäki, CEO, Betolar Plc, tel. +358 50 511 8288, riku.kytomaki@betolar.com
Certified Advisor:
Aktia Alexander Corporate Finance Oy, +358 50 520 4098
About Betolar Plc
Betolar Plc is a Finnish materials technology company that enables the production of sustainable and low-carbon concrete with the Geoprime solution. The solution converts industrial side streams into a cement substitute. Betolar's artificial intelligence innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes, supporting solution development with advanced analytics, and creating global markets for side streams. Betolar's mission is to help reduce CO2 emissions and the use of virgin resources.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market.
Read more: www.betolar.com