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Boral and Shell
We discovered in 2004 that Shell international Research Maatschappij B.V had lodged an international application in 2002 under the international patent cooperation treaty titled “Pigmentable Binder Composition”, Incredibly, the Shell pigmentable binder patent resembles our pigmentable surrogate hydrocarbon bitumen formulation to the letter.
Boral Asphalt was the only “organization” that had access to our GEO320 MRH Asphalt bitumen(surrogate hydrocarbon bitumen formulation) material between year 2000 and to the time when Shell lodged their pigmentable binder patent application in 2002 and Kraton polymers research in 2004.
Shell asked us at one point how much we wanted for our invention, we approached Middleton’s Oswald Burt solicitors in Melbourne to see if we could do a deal with Shell and to find out more about this attempted breach by Shell, Middleton’s also assisted with other interested private investors at the time, as a consequence to the Shell apparent breach EWS advised us to withdraw the applications and maintain the invention and future modifications under a know-how protection only, this advice turned out to be very valuable as we went on to discovered later. Middleton’s solicitors were not able to extract any confirmations or reasons from Shell as to the breach so it was decided that we keep pursuing an amicable deal with Shell regardless.
Middleton’s tried very hard to come to some sort of compromise in the confidentiality agreement and commercial agreements between us and Shell and finally, when we thought that we had a workable document and we signed our copy and gave it to Shell, they refused to sign the confidentiality agreement and basically walked away from the negotiations and the whole situation folded and we were left with debts to EWS and Middleton’s to the tune of some $10.000.
This behavior by Shell is reminiscent to what Boral did with Thermoline in 2000 and Mastech in 1988, this was quite possibly a tactic designed to wipe us out financially to prevent GEO320 from entering the market place.
It is interesting to note that two out of the six of Boral’s current board of directors are ex Shell executives, (CEO) Rod Pearse and Dr J. Williams, the Boral board should consist of directors who have absolutely no connection or history attached to a company that has an appalling environmental, human right violation and business practice record (see
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