News & Press
OPXBIO Selected by AlwaysOn as a GoingGreen Silicon Valley 100 Winner
Recognized for industry leadership in developing bio-based chemicals and fuels
Boulder, Colo. – Oct. 7, 2010 – OPX Biotechnologies Inc. (OPXBIO), a renewable biochemical and biofuel company, today announced that it has been chosen by AlwaysOn as one of the GoingGreen Silicon Valley Top 100 winners. Inclusion in the GoingGreen Silicon Valley 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. OPXBIO was specially selected by the AlwaysOn editorial team and global industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
“It is an honor to be recognized among this impressive group of clean technology industry leaders,” said Charles R. (Chas) Eggert, president and CEO of OPXBIO. “This recognition strengthens our responsibility and commitment to realize the economic and sustainability benefits of our breakthrough first commercial product – renewable BioAcrylic – for consumer and industrial customers.”
OPXBIO uses its proprietary leading EDGE™ (Efficiency Directed Genome Engineering) technology to manufacture renewable bio-based chemicals and fuels that are lower cost, higher return, and more sustainable than existing petro-based products. With unprecedented speed and capital efficiency, in just 18 months OPXBIO has developed and piloted the microbe and bioprocess that will produce its first renewable chemical product – BioAcrylic – at 25 percent lower cost than petro-acrylic with a 75 percent reduction in green house gas emissions. Today’s petro-acrylic has an $8 billion global market in applications such as paints, adhesives, diapers and detergents. BioAcrylic will advance to pre-commercial scale demonstration with a strategic development partner in 2011 on the way to full commercialization in 2014. The company’s second product is diesel fuel bio-processed from carbon dioxide and hydrogen. The U.S. Department of Energy has awarded OPXBIO $6 million to support this development.
OPXBIO and the GoingGreen Silicon Valley 100 companies will be honored at AlwaysOn’s fourth annual GoingGreen Silicon Valley on Oct. 12, 2010, at the Presidio’s Golden Gate Club in San Francisco.
“The GoingGreen Silicon Valley Top 100 winners have thrived during trying economic conditions through innovation and creativity,” said Weston McBride, greentech editor at AlwaysOn. “It is by their example that the next generation of clean technologies will transform the global economy with more robust systems primed for sustained growth.”
The GoingGreen Silicon Valley 100 winners were selected from among thousands of domestic and international greentech companies nominated by investors, bankers, journalists and green-tech industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list.
A full list of all the AlwaysOn GoingGreen 100 winners can be found on the AlwaysOn website at: http://www.aonetwork.com/AOStory/Announcing-2010-GoingGreen-Silicon-Valley-100.
Media Contact:
Brandy Radey
Cohn Marketing
303.839.1415 ext. 55
brandy@cohnmarketing.com
About OPXBIO
OPXBIO uses its proprietary leading EDGE™ (Efficiency Directed Genome Engineering) technology to manufacture renewable bio-based chemicals and fuels that are lower cost, higher return, and more sustainable than existing petro-based products. With unprecedented speed and capital efficiency, in just 18 months OPXBIO has developed and piloted the microbe and bioprocess that will produce its first renewable chemical product – BioAcrylic – at 25% lower cost than petro-acrylic with a 75% reduction in green house gas emissions. The company’s second product is diesel fuel bio-processed from carbon dioxide and hydrogen. OPXBIO has raised $22.4 million with venture investors Mohr Davidow Ventures, Braemar Energy Ventures, Altira Group, and X/Seed Capital. For more information, visit http://www.opxbiotechnologies.com.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
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