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An accredited investor is someone who has $1,000,000 of net assets or $300,000 in earnings each of the last two years. If you are not an accredited investor please disregard this page and refer to Univenture.com for information relating to the company. We are not taking any investment from non-accredited investors.

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Milestones

Univenture, Inc. Technology Selected by DOE as a Transformational Technology

Tuesday, October 27th, 2009

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Department of Energy’s ARPA-E (Transformational Energy Research Project) selects Univenture (Algaeventure Systems) to pursue breakthroughs that could fundamentally change the way we use and produce energy.

Marysville, Ohio—October 26, 2009—Described as a “potentially transformative innovation”, the Department of Energy announced today major funding for continued development of Algaeventure Systems HDD dewatering technology. Univenture’s Algaeventure Systems was formed to explore technology barriers for algae to energy and has been spun into a separate company.

Often described as the greatest cost barrier to algae’s viability as an energy solution, the HDD system reduces the energy costs of dewatering microalgae by over 90%. “The recognition and credibility that ARPA-E provides to our breakthrough technology is extraordinary”, says Ross Youngs, Algaeventure Systems Founder and CEO. “Our technology can be transformational to meeting our nations energy and national security needs.”
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Algaeventure Systems receives the NAA Algaepreneur Award

Monday, September 28th, 2009

Described as a barrier to biofuels viability, Algaeventure Systems presented its low energy HDD Technology to fellow members of the National Algae Association.

MARYSVILLE, OH, September 28, 2009

Algaeventure Systems (AVS), the creator of HDD technology, was awarded Algaepreneur for its development of low energy separation technology to harvest, dewater and dry (HDD) microalgae. Often described as a barrier to algae’s viability as a biofuel, the AVS HDD technology reduces the harvest and dewatering costs by over 90%. With each demonstration, consensus is built that the extraordinary breakthrough of HDD technology provides algae with a path toward commercialization.

AVS presented the HDD system to attendees at the National Algae Association (NAA) conference. Included in the presentation was a video illustrating the dewatering process, scanning electron microscope (SEM) illustrations of screen performance compared to high pressure filtering systems, and cost analysis of HDD processing comparative to current dewatering technologies.

Throughout the conference the merits of algae were discussed. The low capex and opex of the HDD systems enables the merits of algae to become realized.

Algaeventure Systems CEO, Ross Youngs shared, “We are grateful for the opportunity the NAA provides in bringing leaders and professionals from around the world to participate and contribute for the collaborative good of the industry. It is through collaboration that we will realize the benefits algae has to offer. We anticipate this is one of many breakthroughs that will be introduced at the NAA”

NAA members and conference attendees were encouraged to attend HDD demonstrations at Algaeventure Systems in Marysville, Ohio.

About Algaeventure Systems, Inc.

Algaeventure Systems, Inc. is part of Univenture, Inc., an environmentally conscious plastics packaging manufacturer bringing to market a variety of patented and award winning molded and converted plastic products that are eco-friendly. Algaeventure Systems, Inc. develops technology and systems for algal production of lipids and biomass, which can be used for fuels, plastics, advanced materials, feeds, foods, and other valuable resources.

For more information on Algaeventure Systems, Inc visit algaevs.com, or contact Amy Bucklin: 937-645-4604 or abucklin@algaevs.com.

NAA Contact
B. Cohen, 936-321-1125
Info@nationalalgaeassociation.com

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Breakthrough Development in Algal Harvesting, Dewatering and Drying

Friday, March 13th, 2009

Historical Cost Barrier for Harvesting, Dewatering, and Drying Reduced by Over 99.75%

Univenture, Inc. and AlgaeVenture Systems, a wholly owned LLC in Marysville, Ohio has announced on March 10, 2009 the details of a disruptive solid liquid separation and dewatering technology specifically designed for microalgae. Patent documents have been filed and an operational prototype unit has been demonstrated to collaborators who have participated in research and commercialization proposals.

Prototype and laboratory testing has successfully been achieved with three species attempted including Chlorella vulgaris, Euglena gracilis, and Botryococcus braunii. The company plans to continue development on the process, equipment, and technology and is looking to establish relationships with potential customers, licensees, distributors, as well as funding or investing sources.

For potential customers, funding sources and investors, a demonstration of the equipment is available by appointment in Marysville, Ohio, USA or representatives of the company will be in the Washington DC area the week of Biomass 2009 and appointments are being booked for March 16th, 17th or 18th.

In late March/early April, a description and video of this technology will be available online. Please keep updated on our milestones via our newsletter. If you currently do not subscribe, please sign up at http://www.algaevs.com/

Get an overview of this technology (PDF)

View the technical details (PDF)

Corporate Contact:
Amy Bucklin
AVS Project Manager
(937) 645-4604

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Research & Development Update

Saturday, January 17th, 2009

Snow Cover Algae Pond

Cold came early to the Columbus, Ohio area bringing temperatures to near zero in December and then to nearly 20oF below in January.  Our prime power generator was installed in the middle of December and started providing electricity for our installed research cell and associated systems.  Unfortunately an oil breather port on the prime power generator froze solid during the -19oF reached in January and back pressure pushed the dip stick out of place and the generator automatically shut down once low oil was detected.  Thankfully the protection systems kept the generator from any damage.  The restart took several days and the very, very cold weather has kept the staff from installing the heat exchanger and CO2 distributor.

Algae Interior BuildingWithout adequate external waste heat (generator will supply the waste heat) we were unable to bring the temperature to target because of the record cold temperatures.  The Algae Growth cell was in the 40oF range for most of December and January.  Vivid green algae was visible through the canopy at those temperatures, even through no nutrients have been introduced into the cell.  During the next 8 weeks full scale growth and harvesting will commence.  At least the outdoor difficulties have not impacted our indoor research, growth, testing, and experimentation, which are continuing unabated.

Micro-Algae Harvesting, Dewatering, Drying has been a bane to the industry for over 3 decades.  AlgaeVS’s highly innovative engineering staff has been researching this issue since early 2008, employing a number of different strategies.  A proof of concept for a unique new technology was successfully tested on January 12th, 2009 and a prototype device is being readied for initial testing.  Provisional patents are filed and patent applications are being readied.  Various options for commercialization of this technology are being considered.  AlgaeVS is not ready to disclose the technology, or make any claims on performance at this time – so stay turned.

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Prototype Update: Growing Algae in Marysville

Thursday, October 2nd, 2008

Algae PondThe months of August and September saw rapid progress on the installation of the first test cell. The nutrient and CO2 delivery systems were installed and tested. The canopy support structure was added, and the canopy itself was installed in October. The temperature control, water flow, and harvesting systems are under construction and are scheduled for installation shortly after the canopy is in place. The support structures for the second, third and fourth test cells have been constructed and installation of the cell basins is underway. Construction of the additional cells will accelerate development as the cells will be linked for optimal production. Harvesting of algae should begin in November.

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