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

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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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General Atomics Taps Algaeventure Systems for Alternative Fuel Research and Development

Ohio company, Algaeventure Systems, was awarded a purchase order to provide
breakthrough algae harvesting technology to General Atomics for researching
alternative jet-fuel applications.

MARYSVILLE, OH, August 6, 2009

Algaeventure Systems has been awarded a purchase order by General Atomics (GA) to provide its algae harvesting, dewatering, and drying technology (AVS HDD).

With breakthrough technology and funding from the Defense Advanced Research Projects Agency (DARPA), General Atomics is spearheading the efforts of a group of corporate technology developers and universities n the pursuit of evaluating the potential of algae-to-fuel projects. The goal is to develop an environmentally friendly, efficient, and cost-effective process in JP-8 jet fuel that can be derived from algae oil.

The Algaeventure Systems Harvesting, Dewatering, and Drying technology is a breakthrough that allows for a more efficient and cost-effective process to removing water from algae. The AVS HDD presents a significant step in providing algae as an economically feasible alternative fuel source. As a result, the technology has opened new doors of opportunity by proving to be scalable, portable, and effective. Harvesting, dewatering, and drying are critical elements to driving General Atomics’ research goals. “GA welcomes the opportunity to work with and evaluate Algaeventure’s dewatering technologies under our DARPA Algae Derived JP-8 program. We believe that Algaeventure’s approach holds promise for significantly reducing the cost of drying biomass at large scale thus improving the likelihood of producing cost-competitive, algae-derived fuel products,” said David Ordway, Project Manager at General Atomics. The AVS HDD will be included in the DARPA technical evaluations, providing insight
in to new and future possibilities.

About Algaeventure Systems, Inc.

Algaeventure Systems, Inc. is a spinoff company from 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 ecofriendly. 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. or Univenture, visit algaevs.com or univenture.com or contact Amy Bucklin : 937-645-4698 | Email

About General Atomics

General Atomics is a San Diego-based innovation firm with a 50-year history of successful solutions for environmental, energy, and defense challenges. Affiliated manufacturing and commercial service companies include General Atomics Aeronautical Systems, Inc., which produces the Predator® family of unmanned aircraft systems. General Atomics (GA) was awarded a contract from the Defense Advanced Research Projects Agency (DARPA) to develop scalable processes for the cost-effective large scale production of algae triglyceride oil and an algae-derived JP-8 jet fuel. The contract has a total value of up to $43M if all phases of the development program are completed.

For investor inquiries, please submit your information through this form.

For more information on AVS-HDD licensing options, please visit this page.

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