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By James Rickman
(June 21, 2010) Dyadic International, Inc. , a global biotechnology company whose cutting-edge C1 platform technology addresses the needs of the multi-billion dollar biofuels market by producing enzymes at industrial scale which efficiently convert biomass into ethanol and other forms of alternative energy, announced today that it has engaged the influential consulting firm, The Abraham Group, to provide strategic advice and transactional assistance to Dyadic, as its exclusive biofuels client, as it actively pursues licensing opportunities and other strategic collaborations throughout the world. The Abraham Group is led by former U.S. Energy Secretary Spencer Abraham, who will also serve as a senior advisor to Dyadic.
CODEXIS filed its $100 million initial public offering (IPO). CODEXIS based in the United States is a joint partnership of industry leading biotechnology and energy companies such as Bio One Capital, DYADIC INTERNATIONAL, General Electric Energy, Maxygen, Pfizer, Royal Dutch/Shell, Chevron Biofuels, CMEA Capital, and FirstMark Capital. The IPO was underwritten by investment banking leaders Credit Suisse and Goldman Sachs.
CODEXIS sells enzymes and microbes used for clean technologies such as biofuel, biomass, pulp, paper, textile, animal feed, agricultural foods, and pharmaceutical drug manufacturing. The enzymes work to speed up the production process delivering lower costs for environmentally friendly consumer solutions.
Since 1979, significant research is based on using integrated technology platforms, Dyadic International developed for biological products such as proteins, enzymes, polypeptides and small molecules for applications in large segments of the agricultural, industrial, bioenergy, chemical and biopharmaceutical industries. By utilizing a proprietary host organism, Dyadic’s "one-stop shop"technology rapidly discovers and expresses eukaryotic genes – the genes of complex living organisms – and then manufactures those unique biological products for commercial application.
For example, energy is the basic element necessary for people to achieve economic recovery, R&D innovations and manufacturing growth. Perhaps, even more immediate of a challenge than global warming is the issue of population trends. By 2025, the world will add another 1.4 billion people creating an energy hungry workforce of the nearly 700 million new middle class consumers. China alone represents 350 million with India adding 100 million to the total emerging middle class population. This rapid growth will nearly triple worldwide energy, clean water and agricultural demands within the next 15-years.
Today, the United States is addicted to oil addicted to oil consuming over 22% annually of the world’s total oil production or 19 million barrels per day. Yet the U.S. maintains only 4.5% of the world’s population, a minute fraction in comparison. America is responsible for over 25% of the worlds CO2 greenhouse gas pollution.
Further, the existing aging oil well data the world petroleum production life cycle by 2011 will have reached “peak oil” with production declining in the following years. On the urgency of the “energy independence” issue consider that despite trillions of dollars in debt, the United States still imports two-thirds of its oil at a cost of over $535 billion per year. About 55% of the U.S. oil supply originates from politically unstable regions harboring terrorist groups including South America, Africa and the Middle East. See: All Energy Opportunities Report 2010
CODEXIS (NASDAQ: CDXS) reported revenue of $13.4 million in the nine months ended September 30, 2009 - up from $10.8 million in the same period a year ago. The company reported a net loss of $15.1 million, narrower than its $38.8 million loss from a year ago. The company plans to list on the Nasdaq under the symbol "CDXS". It will use proceeds from the offering for working capital and general corporate purposes.
Sustainable Virtual Services
2373 NW 185th Ave. #357
Hillsboro , OR 97124
ph: 503-621-4953