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ASX Announcement: Corporate Placement & Share Purchase Plan

May 8, 2013 By

8 May 2013

Algae.Tec Limited (ASX: AEB) is pleased to announce that it has received commitments for the placement of new fully paid ordinary shares to corporate investors for the sum of $1 million (Placement).

Algae.Tec will issue 4,545,455 fully paid ordinary shares at $0.22 per fully paid ordinary share.

Algae.Tec is also pleased to announce a Shareholder Purchase Plan for all eligible shareholders on Algae.Tec’s register with addresses in Australia and New Zealand to apply for a maximum of $15,000 in value of ordinary shares in Algae.Tec (subject to any scale-back determined by Algae.Tec’s directors) at $0.22 per fully paid ordinary share. No brokerage or transaction costs will be incurred by shareholders under the Shareholder Purchase Plan (SPP).

The purpose of the Placement and SPP is to provide funds for:

  • Increase personnel resources for commercialisation of its technology
  • Complete validation at the company’s demonstration plant in Nowra NSW
  • Repay and terminate the convertible note arrangement with La Jolla Cove Investors
  • For general working capital requirements.

Further details in relation to the proposed SPP will be provided in the SPP Offer Booklet and Application Form, which will be sent to eligible shareholders in the next few days.

 

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ALGAE.TEC SIGNS MOU WITH WORLEYPARSONS FOR GLOBAL PROJECT DEVELOPMENT PROGRAM

March 21, 2013 By

Perth, Australia – 21 March 2013 – Algae.Tec (ASX: AEB, OTCQX: ALGXY), ranked by Lux Research as the leading algae biofuels business for 2013, today advised that a Memorandum of Understanding (MOU) has been formed between Algae.Tec and WorleyParsons.

A number of Algae.Tec projects, including those in the EU, USA, Australia and Brazil, are already in the final stages of technical feasibility studies.

This MOU establishes the framework by which WorleyParsons can support Algae.Tec in the future development of these projects.

Algae.Tec Executive Chairman Roger Stroud said:

“Algae.Tec is extremely pleased to have the support of WorleyParsons during this global development, construction and management phase.”

“WorleyParsons, a world leader in the delivery of engineering, procurement, and construction management (EPCM) services, brings an extensive network and years of experience in supporting project development and plant operations”

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, ranked by Lux Research as the leading algae business in 2013, is an Australian advanced renewable oil from algae company.

Algae.Tec has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company was founded in 2007 and has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

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PRESS RELEASE: Lux Research ranks Algae.Tec the leader in a review of 29 global algae firms

February 28, 2013 By

Algae.Tec (ASX: AEB, OTCQX: ALGXY) is ranked as a “Dominant” business in the new Lux Research Report Leading Alternative Fuel Developers Race to Real Revenue in 2013 announced this week.

The review of 29 algae companies globally, ranks Algae.Tec ahead of its competitors as the only “Dominant” company based on the criteria “Technical Value and Business Execution”.

“Lux Research positioned alternative fuel technology developers on the Lux Innovation Grid based on their Technical Value and Business Execution – companies that are strong on both axes reach the “Dominant” quadrant,” according to Lux Research.

Lux Research said about emerging technologies intelligence report:

“The alternative fuels sector continues to steadily progress, revealing some lucrative home-runs as well as ill-fated disappointments.

Shale gas disrupted the North American energy landscape, and its ripples were felt worldwide.

But with the fuels market on the order of trillions of dollars, opportunities for an array of technological solutions exist.

To best assess the alternative fuels sector, we refined the crowded landscape into eight categories: crop modification, pre-treatment, algae, gasification, bioprocessing, pyrolysis, torrefaction, and catalytic conversion.

We then analysed companies occupying each category using our Lux Innovation Grid methodology, a tool that ranks companies on business execution, technical value, and maturity.

This allows readers to quickly identify potential partnership and investment opportunities that best fits their individual needs.”

“Real revenue is the meme of 2013. With several expensive next-generation plants expected to come online, the outlook is poised to dramatically change for budding fuel developers and major corporations alike,” said Andrew Soare, Lux Research Analyst and the lead author of the report.”

About Lux Research:

Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on Lux Research to help them make informed strategic decisions.

Through their unique research approach focused on primary research and extensive global network, they deliver insight, connections and competitive advantage to their clients.

The full report (subscription required) can be found here.

The Lux Research Press Release can be found here.

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Hon. Dr Mike Kelly: Algae.Tec Shoalhaven facility leading the world in clean energy innovation

December 10, 2012 By
Dr Mike Kelly

THE HON DR MIKE KELLY AM MP

Parliamentary Secretary for Defence

Member for Eden-Monaro

 

 

Algae.Tec Shoalhaven facility leading the world in clean energy innovation

  10 December 2012

Member for Eden-Monaro Dr Mike Kelly today visited the pioneering Shoalhaven Algae. Tec facility, which is using advanced technology to produce low cost, high grade biofuel using algae.

Member for Eden-Monaro Dr Mike Kelly today visited the pioneering Shoalhaven Algae. Tec facility, which is using advanced technology to produce low cost, high grade biofuel using algae.

 

Dr Kelly, who has a passion for renewable energy, was briefed by company representatives in their process and the wide-ranging potential of their products.

 

This technology not only adds to the Southern region’s wealth of renewable energy projects, it has the ability to address Australia’s energy security needs by reducing our reliance on imported oil and fossil fuels, and to cut pollution.

 

In Israel and China, for example, the carbon-hungry algae are being used to abate emissions from coal-fired power stations that are a similar size to the ones used in Australia.

 

Dr Kelly said it was fantastic to see world-leading innovation in our own backyard.

 

“This region is fast becoming a flagship for renewable energy in Australia,” he said.

 

“We have already seen over $1billion being invested in renewable energy projects in Eden-Monaro and the lower Shoalhaven region – that includes wind and wave energy, solar, biomass and geothermal.

 

“To have a company like Algae.Tec here in Bomaderry, which recently signed a collaboration agreement with Lufthansa to produce aviation biofuels and also with Holcim Lanka, is a wonderful boon. The possibilities of this technology are extremely exciting.

 

“Their algae technology has almost no impact on the environment and could potentially eliminate emissions from coal-fired power stations.”

 

Algae.Tec Executive Chairman Roger Stroud said the biofuels technology showcased here in Shoalhaven is the same technology that will be used by the company’s global aviation and transport fuel clients.

 

“We currently have feasibility studies underway with interested parties in Texas, Brazil, China, Sri Lanka and Germany, as well as another site in New South Wales,” said Mr Stroud.

 

“The Shoalhaven facility has already had VIP visits from some of the world’s largest companies wanting to see how the technology delivers sustainable low cost fuel, carbon capture, and energy security.”

 

 

Media contact: Robbie Rynehart 0459 810 654

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The Honourable Dr Mike Kelly AM MP, Parliamentary Secretary for Defence tours Shoalhaven One showcase facility.

December 7, 2012 By

The Honourable Dr Mike Kelly AM MP, Parliamentary Secretary for Defence, Member for Eden-Monaro tours Shoalhaven One showcase facility.

Dr Kelly will tour the Algae.Tec site on Monday, 10 December and be briefed on the process and potential applications of their products.

Dr Kelly has a long held interest in renewable energy and biofuels because of the innovation and investment opportunities for the region of Eden-Monaro as well as the potential applications for the Defence Force.

A press release about the visit will be available on Monday.

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Annual Report 2012 (ebook)

October 30, 2012 By
algaetec

Algae.Tec Annual Report 2012

View online in ebook format (opens in new window)

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ALGAE.TEC AND LUFTHANSA SIGN COLLABORATION AGREEMENT TO BUILD BIOFUEL PRODUCTION FACILITY IN EUROPE

September 24, 2012 By

19 September 2012 – Algae.Tec Limited is pleased to announce that Algae.Tec and Lufthansa have signed a Collaboration Agreement for the construction of a large-scale algae to aviation biofuels production facility.

The site will be in Europe adjacent to an industrial CO2 source.

Lufthansa will arrange 100% funding for the project. Algae.Tec will receive licence fees and profits from the Project, which will be managed by Algae.Tec.

As part of the Agreement, Lufthansa commits to a long-term offtake agreement of at least 50% of the crude oil produced at an agreed price

The agreement forms the base for a long-term cooperation between Algae.Tec and Lufthansa for the industrial production of crude algae suitable for conversion into aviation kerosene and conventional diesel fuels

The Agreement states:

“Both parties will jointly develop a large-scale industrial algae oil production plant based on Algae.Tec’s technology and operating support, and Lufthansa’s offtake commitment for such algae oils.”

Algae oil produced by the Project shall fulfill at all times the EU Renewable Energy Directive (“EU-RED”) and shall be certified according to ISCC –Standard.

This agreement builds on and supersedes the MOU signed between the two parties in January 2012. It is subject to final Board approval of both parties and the final sign off for the algae oil conversion into aviation kerosene. A final feasibility report will be completed once the first site has been selected.

See algae to aviation fuel video here http://www.youtube.com/watch?v=VA_xiEHSTRI&feature=youtu.be

See more Algae.Tec images here http://algaetec.com.au/news-room/image-gallery/media/image-gallery/berlin-airshow/

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ALGAE.TEC BIOFUELS TECHNOLOGY TO FEATURE AT 2012 ILA BERLIN AIRSHOW

August 30, 2012 By

Perth, Australia, Atlanta, Georgia – 30 August 2012 – Sourcing sustainable aviation biofuels at-scale is a major theme at this year’s ILA Berlin Airshow and its dedicated Alternative Aviation Fuels Pavilion, designed to showcase the latest biofuels innovations. (11-16 September 2012)

 

Algae.Tec, which is working with German aviation giant Lufthansa, will present its algae to aviation biofuels technology at the specialist Pavilion.

 

Also at the ILA Berlin Airshow, Algae.Tec Executive Chairman Roger Stroud has been invited to speak at The Future of Alternative Aviation Fuels, Biomass and Sustainability session.

[Read more...]

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ALGAE.TEC LAUNCHES NEW AUSTRALIAN FUEL INDUSTRY WITH FIRST ALGAE TO BIOFUELS FACILITY

August 16, 2012 By
Shoalhaven One showcase algae to biofuels facility launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher.

Nowra, New South Wales, Australia – 15 August 2012 – Australia’s first advanced engineered algae to biofuels facility Shoalhaven One commissioning launch was a success with New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP, activating the solar light system and starting the first algae growth.

Opening the facility Minister Hartcher said this is about creating a new Australian fuel industry and moving away from dependence on imported fuel.

“This is a new source of aviation fuel,” he said.

“It offers a cutting edge technology that NSW and Australia can take advantage of, and grow Australia in the world of energy supply.”

A VIP crowd including executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives attended the official ceremony at Nowra south of Sydney.

A strong media contingent attended the launch including ABC TV and radio news, WIN TV and a pool TV crew that fed news to Bloomberg TV, Channel &, 10, and 9, and local newspaper the South Coast Register, among others.

Shoalhaven One showcase algae to biofuels facility launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher


 

 

 

 

 

 

 

 

 

 

 

 

Shoalhaven One showcase algae to biofuels commissioning launch.

 

 

 

 

 

 


 

Shoalhaven One showcase algae to biofuels facility commissioning launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher.

 

 

 

 

 

 

 

 

 

 

Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) is an advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system. The showcase facility is connected into the Manildra Group waste carbon dioxide, which is used in the algae growth process.

 

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and Australia energy security at a time when traditional fossil fuel companies are leaving the local market.

“Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia.”

Algae.Tec announced that leading inspection, verification, testing and certification services company SGS will now undertake the third party yield validation process.

Algae.Tec has recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec also has projects with Holcim Lanka, joint venture discussions in China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in NSW, Brazil and the United States.

About Algae.Tec  www.algaetec.com.au

 

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia.

 

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

 

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

 

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

 

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

 

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ALGAE.TEC ANNOUNCES COMMISSIONING OF ADVANCED ALGAE TO BIOFUELS FACILITY

August 3, 2012 By

Nowra, New South Wales, Australia – 2 August 2012 – The Algae.Tec advanced engineered algae to biofuels facility Shoalhaven One was officially opened today by the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP.

A VIP crowd including executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives attended the official ceremony at Nowra south of Sydney.

Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) is an advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system. The showcase facility is connected into the Manildra Group waste carbon dioxide, which is used in the algae growth process.

To officially commission the facility, Minister Hartcher activated the hi-tech lighting system that delivers the Algae.Tec super yield capabilities.

More images available at www.algaetec.com.au under News/Image Gallery.

http://algaetec.com.au/news-room/image-gallery/media/image-gallery/shoalhaven-one-launch/

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and Australia energy security at a time when traditional fossil fuel companies are leaving the local market.

“Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia.”

Algae.Tec announced that leading inspection, verification, testing and certification services company SGS will now undertake the third party yield validation process.

Algae.Tec has recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec also has projects with Holcim Lanka, joint venture discussions in China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in NSW, Brazil and the United States.

 

 

About Algae.Tec  www.algaetec.com.au

 

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia.

 

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

 

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

 

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

 

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

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NSW Minister for Resources and Energy to open Australian Showcase Facility

June 20, 2012 By


Perth, Western Australia/Atlanta, Georgia – 20 June 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system today announced the algae to biofuels showcase facility Shoalhaven One will be officially opened on 2 August 2012.

 

Algae.Tec is pleased to announce the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP will officially open the facility south of Sydney in New South Wales, Australia.

 

Algae.Tec Executive Chairman Roger Stroud said the Company was very pleased to have the Minister for Resources and Energy from the most populous state in Australia opening the facility.

 

The showcase commissioning was currently underway and the official opening of the facility would mark the production of algae oil for biofuels.

 

Algae.Tec recently announced the appointment of Sydney-based aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

 

Algae.Tec has biofuel projects underway with Lufthansa, Holcim Lanka, a joint venture in China, a showcase facility in Australia and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in Brazil and the United States.

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Algae.Tec appoints veteran aviation project engineer for global biofuels commercialisation program

June 6, 2012 By

Perth, Western Australia/Atlanta, Georgia – 5 June 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scaleable algae growth and harvesting system today announced the appointment of Colin McGregor as General Manager Project Operations.

McGregor, an award winning project manager and manufacturing engineer, with over 20 years aviation experience in both the defense and commercial sectors, recently heading up a Fuel Efficiency Program for a major international carrier.

McGregor is a multiple award recipient from the Australian Institute of Project Management.

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec was extremely pleased to have McGregor on board.

“His project engineering, fuel and biofuels experience plus his aviation background means he is the right person to roll out our global projects,” said Stroud.

“Algae.Tec is focused on the large-scale production of transport biofuels, and McGregor will bring deep knowledge and experience in delivering for this sector.”

McGregor said he chose Algae.Tec among the many biofuels offerings because it has a truly commercial, scalable and viable technology process.

“I have looked at many biofuels companies around the world and Algae.Tec keeps coming up as a leader in this space.”

Algae.Tec has biofuel projects underway with Lufthansa, Holcim Lanka, a joint venture in China, a showcase facility in Australia and a manufacturing base in Atlanta, Georgia (USA).

Stroud has just returned from Brazil where he met with Government and fuel industry leaders about the opportunities for Algae.Tec in this fast growing region.

About Algae.Tec  www.algaetec.com.au

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture and Storage (CCS).

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

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Algae.Tec announces commencement of Australian advanced biofuels facility commissioning

May 9, 2012 By
The stackable Algae.Tec bioreactors moved into place at the Shoalhaven One showcase facility, Nowra Australia.

Perth, Western Australia/Atlanta, Georgia – 9 May 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system today announced the that commissioning for its showcase biofuels facility Shoalhaven One in Nowra Australia started this week.

Algae.Tec Executive Chairman Roger Stroud said the commissioning process was on track for production of algae biomass in early June, ramping up to capacity by the end of June.

The Shoalhaven One showcase facility team has the bioreactor technology and associated racks, piping, and separation tanks in place, and full testing and final validation is now underway. [Read more...]

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Qantas could be powered by Aussie algae in near future

April 13, 2012 By

Perth, Western Australia/Atlanta, Georgia – 13 April 2012 – Australian algae to transport fuels company Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) today congratulated Qantas on its first biofuels flight.

Algae.Tec Executive Chairman, Roger Stroud, congratulates Qantas on its historic biofuel test flight between Sydney and Adelaide, using biofuel derived from used cooking oil and produced by Dutch company SkyNRG.

“This is a very welcome demonstration of the potential for biofuels to transform the way our transport industries use renewable and sustainable fuel.”

“In the near future, the Flying Kangaroo could be powered by Australian aviation biofuels produced from Australian algae, grown right here,” said Stroud. [Read more...]

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Algae.Tec in final phase of Australian algae to biofuels project and starts bioreactor fit-out for Sri Lanka

April 3, 2012 By

Perth, Western Australia/Atlanta, Georgia – 3 April 2012 –Algae.Tec Limited (ASX:AEB, FWB:GZA:GR, ALGXY:US) an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system currently has two biofuels projects underway: one in Australia and the other in Sri Lanka.

In Australia the Shoalhaven One showcase facility team has completed the cement platform structure with associated plumbing ready for the containerised bioreactor technology. Commissioning is expected to be late April rather than the end of March, due to unprecedented rains and floods in the Nowra region south of Sydney. Technical Director Earl McConchie will arrive from the USA next week to oversee the final phase of the project. See images here: www.algaetec.com.au/project-updates-shoalhaven-one-australia/ [Read more...]

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Algae.Tec starts trading ADRs on top tier OTC Market, OTCQX

February 27, 2012 By

Perth, Western Australia/Atlanta, Georgia – 23 February 2012 – Algae to transport biofuels technology company Algae.Tec Ltd. today announced its American Depositary Receipts (ADRs) will be traded on the highest tier of the OTC market, OTCQX®. [Read more...]

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Algae.Tec congratulates strategic partner The Manildra Group on international biofuels certification

February 15, 2012 By

Perth, Western Australia/Atlanta, Georgia – 15 February 2012 – Algae.Tec Limited (ASX:AEB, FWB:GZA:GR, ALGXY:US) an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system today congratulates its strategic partner the Manildra Group on being awarded the world’s first commercial certification by the Roundtable on Sustainable Biofuels (RSB). [Read more...]

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Algae.Tec Announces S&P research upgrade

February 1, 2012 By

Perth, Western Australia/Atlanta, Georgia –  31 January 2012 – Algae.Tec Ltd (ASX:AEB, FWB:GZA:GR, ALGXY:US) (‘Algae.Tec’) is pleased to announce that Standard and Poors (S&P), the New York based financial services company known for their financial research and analysis have, in conjunction with Algae.Tec, upgraded the status of Algae.Tec’s American Depository Receipt program (ADR), the USA share trading platform. [Read more...]

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ALGAE.TEC SUCCESSFULLY COMPLETES $5M CAPITAL-RAISING WITH PATERSONS SECURITIES

January 23, 2012 By

Perth, Western Australia/Atlanta, Georgia – 23 January 2012 – Algae.Tec Ltd (ASX:AEB, FWB:GZA:GR, ALGXY:US) (‘Algae.Tec’) is pleased to announce that the A$5,000,000 Placement through Patersons Securities Limited has been successfully completed. [Read more...]

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Algae.Tec announces $5M capital-raising with Patersons Securities

January 18, 2012 By

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