TransAlgae Ltd. Chosen to Present on CICC Cleantech Showcase in California

TEL AVIV, Israel, April 22, 2010 /PRNewswire/ -- TransAlgae Ltd. is one the ten Israeli Clean Technology companies to be chosen to participate in the California Israel Chamber of Commerce (CICC) delegation to meet with industry leaders, investment firms, policymakers and utility giants from April 26-28 in Silicon Valley, California.

TransAlgae, established in 2008, is building the framework for the profitable production of algal biofuel, animal feed and fine chemicals. The company has completed its first generation of transgenic algae and has established a field research site at a 400MW gas-fired power station in collaboration with the Israeli Electric Company.

Prof. Jonathan Gressel, a world-renowned expert in plant genetic engineering and physiology and the recipient of the 2010Israel Prize for Agriculture,(the Israeli Government top scientific award) leads TransAlgae R&D. TransAlgae has applied for nine patents on its gene modifications and harvesting processes. This powerful patent portfolio will increase the yields of the desired products, prevent contamination of the algal production systems, and protect the environment from inadvertent release of transgenic organisms.

Brent Clapacs, President of TransAlgae Holdings said, "We are honored and excited to be selected to present at the CICC forum. The TransAlgae genetic approach to algae domestication and production is compelling and we look forward to sharing our progress and plans with this sophisticated audience."

To learn more about TransAlgae, LLC, please visit: http://www.transalgae.com or contact us at [email protected], +1-440-423-0520 (US), +972-8-9366167 (Israel).

    Contact:

    Nellya Litae
    Business Development Manager
    [email protected]

SOURCE TransAlgae