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 at http://www.luxresearchinc.com/news-and-events/press-releases/155.html
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 bioreactor, an 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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