Deinove selected to present at CleanEquity Monaco 2010
(Thomson Reuters ONE) - Paris, February 10 th, 2009 - Deinove , a biotechcompany dedicated to the research and development of innovative processes forbiofuel production, has been selected to present at CleanEquity Monaco 2010, theforemost event for next generation clean and green technology. The conferencewill take place on March 4(th) and 5(th) at the Sporting d'Hiver in Monaco.Jacques Biton, CEO of Deinove, will be presenting on Thursday March, 4(th) toinvited industry-specific financial and strategic investors, policy makers,legislators and media.Innovator Capital, London specialist investment bank, hosts the annualinvitation-only event. CleanEquity Monaco's regional host is the Monaco Chamberof Economic Development. Other local partners include Prince Albert II ofMonaco's Foundation, the Monte Carlo SBM, and the Stelios PhilanthropicFoundation. Collaborators for the 2010 event include Arup, Covington and BurlingLLP, the Hugin Group, Invest Securities, Royal Philips Electronics NV and theUNEP Fi."Deinove is pleased to present its recent development and corporate strategy atthe world-renowned CleanEquity Monaco 2010. This would be a great opportunityfor us to present our breakthrough industrial microbial processes for theproduction of 2nd-generation biofuels, chemical commodities and compounds ofindustrial interest using Deinococcus and other radio-resistant bacteria",emphasized Deinove CEO Jacques Biton.About DeinoveDeinove was incorporated in late 2006 under the joint impetus of PhilippePouletty MD (Managing Partner at the private equity firm Truffle Capital) andMiroslav Radman PhD (Professor of Cell Biology at Paris-Descartes University, amember of the French Academy of Science and winner of the 2003 INSERM Prize forMedical Research). Professor Radman elucidated and patented the geneticmechanism behind the extraordinary biodiversity and robustness of the bacteriumDeinococcus, on which Deinove's innovative strategy is based.Deinove is dedicated to the development and commercial exploitation ofinnovative technological processes for the production of biofuels and othercompounds of industrial or pharmaceutical interest by exploiting theDeinococci's exceptional natural properties. Deinove intends to leverage itsproprietary bacteria, technologies and processes by outlicensing to industrialpartners.Deinove has forged several strong collaborations with leading academiclaboratories at Paris-Descartes University (Miroslav Radman and Ivan Matic),IGS-CNRS Marseille (Jean-Michel Claverie), CPBS CNRS-University of Montpellier(Jean-Paul Leonetti) and INSA Toulouse (Carole Jouve and G?rd Goma).To date, Deinove has received a total of EUR3.4 million in equity investment fromTruffle Capital and received EUR8.9 million in funding (including EUR6 million forDeinove) from the French government's Strategic Industrial Innovation programme.The other project partners are Tereos (Europe's leading bioethanol producer),its BENP Lillebonne and Syral subsidiaries and two academic labs. The DEINOLproject's goal is to pioneer ways of producing lignocellulosic("second-generation") ethanol in existing industrial installations and withoutthe need for massive additional investment.Deinove currently employs 14 staff. The company is headquartered in Paris andoperates laboratory facilities at the Cap Alpha technology park in Montpellier,as part of its collaborative work with expert academic labs. Press contacts ALIZE RP Deinove Caroline Carmagnol Angelita de Francisco Tel.: +33 (0)6 64 18 99 59 Business Development caroline(at)alizerp.com Tel.: +33 (0)6 07 15 28 87 angelita(at)deinove.com Charles Catherinot Tel.: +33 (0)1 42 68 86 40 charles(at)alizerp.com Juliette Vandenbroucque Tel.: +33 (0)1 42 68 86 40 Juliette(at)alizerp.com [HUG#1382603]
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Datum: 10.02.2010 - 02:02 Uhr
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