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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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Blog > In the News

Senator Karen Gillmor, Agricultural Leaders To Launch Buy “Buy-Ohio” Campaign

Jun

18

2:21 PM

Senator Karen Gillmor, Agricultural Leaders To Launch Buy “Buy-Ohio” Campaign

Columbus, OH – On Friday, June 19, 2009, at 9:30 a.m., State Senator Karen Gillmor (R-Tiffin) and representatives of the Ohio Farm Bureau Federation, the Ohio Soybean Council, the Ohio Corngrowers Association and the Ohio Bioproducts Innovation Center (OBIC) will officially kickoff their campaign to promote expanded use of commercial and industrial products composed from biological products, including renewable agricultural materials, like plant, animal and marine materials, or forestry materials. Not only are these products environmentally friendly, but also provide a growing market for Ohio agriculture.

Ross O. Youngs, inventor and CEO of Univenture, Inc., will be on hand to provide examples of his environmentally friendly packaging materials, made from agricultural products and in Marysville, Ohio. Many other companies in Ohio are also leading the way in bioproducts development and marketing, including Battelle, who will also have a representative at Friday’s event.

All participants support Senate Bill 131, legislation recently introduced by Senator Gillmor that would implement a purchasing preference program in Ohio, similar to the federal BioPreferred Products Program, for the acquisition of supplies by government agencies. Gillmor provided sponsor testimony on SB 131 before the Senate Agriculture Committee this morning.

-30-
Media Contact:
Erica M Pitchford
614.466.8049

buy-ohio

Senator Gillmor provides sponsor testimony before the Senate Agriculture Committee on SB 131. As an example of a bio-based product her legislation works to promote, Senator Gillmor is holding a soy-based lubricant, similar to WD-40, that is made right here in Ohio.

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Apr

13

8:03 AM

Watch the AlgaeVS Harvester In Action

Watch our latest video of the AlgaeVS Harvester Prototype in action…

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Mar

23

9:00 AM

Press Release: Breakthrough Brings Algae Into Energy Spotlight

FOR IMMEDIATE RELEASE

Contact:  Amy Bucklin / 937-645-4604

− Ohio company slashes cost of harvesting, dewatering and drying;
Reduces processing cost by more than 99 percent −

MARYSVILLE, OH, March 23, 2009 – A technological breakthrough that dramatically reduces the cost of removing water from algae – making algae an economically feasible source of fuel – was announced today by AlgaeVenture Systems following a demonstration of the process to a select group of collaborators and funding sources.

“For nearly 40 years, it has been widely accepted that if the cost of removing, harvesting and dewatering algae could be reduced to $50 a ton, algae could become a significant source of fuel,” said Ross Youngs, CEO of Univenture, the parent corporation of AlgaeVenture Systems.

“Today we have demonstrated a truly disruptive technology that reduces that cost by more than 99 percent – from $875 per ton to $1.92 per ton,” Youngs said. “We believe that this breakthrough moves algae back into the spotlight as an economically viable, plentiful source of fuel in the future.”

The AlgaeVenture Systems breakthrough comes at a time when interest in algae is on the rise. It was originally studied as an alternative energy source after Continue Reading »

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Mar

13

3:12 PM

Breakthrough Development in Algal Harvesting, Dewatering and Drying

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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Mar

10

2:21 PM

Progress on Implementation of Systems and Business Strategy

AlgaeVS has made significant progress on the implementation of our Rapid Algae Farming System (Algae Venture Systems) as well as the business strategies that position our company to accelerate the development of our technologies. We are striving for continual achievement of milestones in technology and business positioning. Our business positioning and strategy is based on ultimately obtaining the required capital for Rapid Algae Farming System implementation in an efficient and effective manner.

Continuing with our commitment to achieving milestones, the annual audit of our 2008 fiscal year financial statements by Deloitte & Touche has been completed and are available for review.

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