SEE ALGAE Technology Named to Shortlist for Brazilian Bioenergy Innovation of the Year Award

News provided by

Sep 12, 2012, 10:42 ET

VIENNA, Sept. 12, 2012 /PRNewswire/ -- SEE ALGAE Technology GmbH ("SAT" or the "Company"), a leading developer of infrastructure for the commercial production of high-quality algae, has been named to the shortlist of nominees for the Brazilian Bioenergy Innovation of the Year Award. The Award, which recognizes excellence in innovation in furthering the bioenergy sector in Brazil, is granted by a panel of six independent, expert judges and takes place in conjunction with the World Biofuels Markets Brazil conference taking place in Sao Paulo on Sept. 18^th and 19^th.

"It is an honor to be included among the top innovators in the extremely active Brazilian bioenergy market," said SAT Chief Executive Officer Dr. Joachim Grill. "We are confident in our ability to lead the way in the profitable, commercialized, industrial-scale cultivation of micro-algae in our patented photobioreactors. Consideration for this award is yet another indication both that market participants support our model and that micro-algae is at the forefront of the search for a profitable alternative to fossil fuels.

"Furthermore, with the ongoing debate around the impact of biofuel production on world food prices, we believe that the cultivation of micro-algae offers a viable, profitable alternative. Our technology obviates the need for arable land in the profitable production of biofuels and thus decouples the process from world food markets. We see this as the only long-term and credible solution being offered to the market."

About SEE ALGAE Technology GmbH

SEE Algae Technology GmbH (SAT), based in Vienna, Austria, develops infrastructure for the commercial production of high-quality algae used to manufacture livestock feed, bioethanol and biodiesel fuel. SAT's proprietary, patented technology is easily scaled to meet customers' needs and has the highest production yield and lowest operating cost of any currently available commercial process.

Follow SAT on Twitter: @SEE_ALGAE_Tech

Company Website: http://www.seealgae.com

Contacts:

Company Contact:

SEE ALGAE Technology GmbH

Dr. Joachim Grill, CEO

Phone: +43 1 985 9802 0

Email: [email protected]

www.seealgae.com

Media Contact:

King Worldwide Investor Relations

Marc Raybin