SOUTH SAN FRANCISCO, Calif., July 11, 2011 (GLOBE NEWSWIRE) -- LS9, Inc., a technology leader in the development of sustainable products, today announced it will carry out a second phase of research with Chevron Technology Ventures, a division of Chevron U.S.A, Inc. This program is directed at further improving LS9's platform technology to produce specific pure hydrocarbon products. This second phase follows Chevron's initial testing and evaluation of LS9's technology solution.
"We are appreciative of Chevron's continued support of LS9 and this specific technology program," said Ed Dineen, President and Chief Executive Officer of LS9. "We are hopeful this program will enable us to bring new fuel technologies and products to the marketplace in addition to our current UltraClean™ Diesel."
The terms of the funding program were not disclosed.
About LS9, Inc.
LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of fuel and chemical markets worldwide. Its unique technology platform enables low costs, feedstock flexibility and process simplicity across a diversity of fermentation-derived products ranging from vehicle-ready fuels to chemicals for lubricants, detergents and personal care products. In June 2010, LS9 was awarded the U.S. Environmental Protection Agency's highest environmental honor for its revolutionary technology. The company was founded in 2005 and is supported by funding from Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Chevron Technology Ventures and BlackRock. LS9 is headquartered in South San Francisco, California, and further information can be found at www.ls9.com.