Headwaters Incorporated Receives Patent Approval on Its 'FlexCrete' Product.Business Editors SOUTH JORDAN, Utah--(BUSINESS WIRE)--April 26, 2004 Headwaters Incorporated (Nasdaq: HDWR) (www.hdwtrs.com) today announced that it has received Notice of Allowance from the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property (USPTO USPTO abbr. United States Patent and Trademark Office ) that its patent application for Fiber Reinforced Aerated aer·ate tr.v. aer·at·ed, aer·at·ing, aer·ates 1. To supply with air or expose to the circulation of air: aerate soil. 2. Concrete has been issued. Headwaters developed the aerated concrete product under the trade name "FlexCrete(TM)." The patent provides intellectual property protection for both the composition of the FlexCrete product and the method used to manufacture it. FlexCrete is similar to Autoclaved Aerated Concrete (AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. ), but is manufactured without the use and expense of an autoclave autoclave Vessel, usually of steel, able to withstand high temperatures and pressures. The chemical industry uses various types of autoclaves in manufacturing dyes and in other chemical reactions requiring high pressures. . Headwaters officials believe FlexCrete's characteristics make it a cost-effective alternative to traditional AAC. Aerated concretes such as FlexCrete are used to manufacture a variety of building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , including blocks, panels, and roof and floor members. Aerated concrete is lightweight, energy efficient and highly fire resistant. FlexCrete aerated concrete is also manufactured using high volumes of coal fly ash -- a resource that makes FlexCrete a "green - sustainable building" product. "We are pleased regarding the issuance of the patent for the FlexCrete technology. The issued patent allows Headwaters to sustain and protect its intellectual property as well as continue its efforts to commercialize the FlexCrete product line," said Ryan Creamer, vice president of technology of FlexCrete Building Systems, LC. About Headwaters Incorporated Headwaters Incorporated is a world leader in creating value through innovative advancements in the utilization of natural resources. The company is focused on providing services to energy companies, conversion of fossil fuels into alternative energy products and adding value to energy. Headwaters generates revenue from managing coal combustion products Coal combustion products (CCPs) are categorized in four groups, each based on physical and chemical forms derived from coal combustion methods and emission controls:
. 1. (language) CCP - Concurrent Constraint Programming. 2. business, fly ash building products business, and its solid alternative fuels business, the company earns a growing revenue stream that provides the capital needed to expand and acquire synergistic new business opportunities. Forward-Looking Statements Certain statements contained in this report are forward-looking statements within the meaning of federal securities laws and Headwaters intends that such forward-looking statements be subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Forward-looking statements include Headwaters' expectations as to the managing and marketing of coal combustion products and building products, operation of facilities utilizing alternative fuel technologies, the marketing of synthetic fuels, the receipt of licensing fees, royalties, and product sales revenues, the development, commercialization, and financing of new technologies and other strategic business opportunities and acquisitions, and other information about Headwaters. Such statements that are not purely historical by nature, including those statements regarding Headwaters' future business plans, the operation of facilities, the availability of tax credits, the availability of feed stocks, and the marketability of the coal combustion products, building products, and synthetic fuel, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Actual results may vary materially from such expectations. Words such as "expects," "anticipates," "targets," "goals," "projects," "believes," "seeks," "estimates," variations of such words, and similar expressions are intended to identify such forward-looking statements. Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward looking. In addition to matters affecting the coal combustion products, synthetic fuel and building products industries or the economy generally, factors which could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the captions titled "Forward-looking Statements" and "Risk Factors" in Item 7 in Headwaters' annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Sept. 30, 2003, quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and other periodic filings and prospectuses. Although Headwaters believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors. Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Our Internet address is www.hdwtrs.com. There we make available, free of charge, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. Our reports can be accessed through the investor relations Investor relations The process by which the corporation communicates with its investors. section of our Web site. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion