SEE ALGAE Technology Wins Brazilian Bioenergy Innovation of the Year 2012 Award

VIENNA, Sept. 18, 2012 /PRNewswire/ -- SEE ALGAE Technology GmbH ("SAT" or the "Company"), a leading developer of infrastructure for the commercial production of high-quality algae, today received the Brazilian Bioenergy Innovation of the Year 2012 Award for its cutting edge algae cultivation technology. In explaining their decision to grant the highly competitive award to SAT, the independent judging panel assembled by Green Power Conferences cited the Company's cooperation with Brazil's Grupo JB ("JB") as "worthy of recognition" and potentially "a major boost for the commercialization of microalgae-based biofuels worldwide." SEE ALGAE Technology accepted the Award today at the annual World Biofuels Markets Congress in Brazil.

"With more than forty high quality entries, these awards are sending a clear signal that the Brazilian bioenergy industry is making great progress, often times through innovative collaborations, to find efficient, sustainable solutions to future global energy needs," said Nadim Chaudhry, CEO of Green Power Conferences, organizer of the awards and conference.

The project, currently under construction, comprises an industrial-scale microalgae production plant at the site of an existing JB sugarcane ethanol facility. Once operational, the facility will primarily be utilized to produce bioethanol and algal biomass from both natural and genetically modified algae strains. This algae production facility will utilize SAT's proprietary photobioreactors to grow algae using the sugarcane facility's CO2 waste stream as its primary feedstock.

"Winning the Brazilian Bioenergy Innovation of the Year Award  proves that the marketplace believes in the groundbreaking work we are doing with Grupo JB," said SAT Chief Executive Officer Dr. Joachim Grill. "By introducing an algae cultivation technology that produces renewable biofuels and algae feed at prices that are competitive with mainstream alternatives, SAT is shifting the biofuels conversation from the future to the present, from hopeful potential to actualized results. This award serves to inform the wider market that optimally produced algal biofuels can consistently yield cost – in addition to environmental – advantages over traditional fossil fuels, all without using either arable land or food crops."

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
Phone: +1 212 897 5497
Email:[email protected]

SOURCE SEE ALGAE Technology GmbH