Could you try:
cat <filename> | sed '/=/,/;/d'
That's the usual way of "piping" the output from one command to another. Likewise, you could run;
cat <filename> | cut -d'=' | cut -d';'
That's not, necessarily, how sedgwick intended it to be run but it might get you the results you want. If either of those commands work, just add:
> <output_file>
at the end and it will create a new file.