Status Update 2015-09-03
Taurus Energy has after a long negotiation process signed a material transfer agreement with a leading research and technology center for sugar cane and ethanol producers in Brazil. Work will be performed in both parties' respective laboratories to find the best way to ferment the cellulose-based sugar solution technology center produced from bagasse using XyloFerm®. The evaluation is initially scheduled to last until the end of the year 2015 after which possible next steps are to be discussed based on the results obtained. The Center represents a very large part of the Brazilian sugar cane and ethanol producers and the collaboration is expected to provide good exposure of Taurus Energy and the product XyloFerm® in the highly interesting Brazilian market.
Previously announced evaluations by other companies are ongoing but in several cases being renegotiated due to Taurus Energy reaching an agreement with Lallemand Biofuels and Distilled Spirits and the conditions for supply of yeast has changed. Taurus and Lallemand's Joint Steering Committee will meet in Montreal at the end of September to further develop the companies’ common commercialization plan.
Worth noting in the current business is that the United States Patent and Trademark Office on August 25 approved and published Patent No. 9,115,376, "Saccharomyces cerevisiae strains". The patent application was submitted in 2011 and relates to a method for developing xylose fermenting yeast strains used in Taurus Energy's development.
Furthermore, a new product sheet for XyloFerm® has now been published on the Lallemand Biofuels and Distilled Spirits website in the product category Cellulosic Yeast (http://www.lallemandbds.com/fuel-ethanol/cellulosic-yeast/xyloferm/). Taurus Energy’s own website is being overhauled and the new version will be published in October.
Finally, Taurus Energy will participate in the conference 5ICLE (Fifth International Conference on Lignocellulosic Ethanol) in Brussels September 14 to 17, which many of the major players in the industry will attend.
About Taurus Energy AB
Taurus Energy AB is a research and development company, which aims to commercialize its extensive research and development program in the field of ethanol production. Since 2006, the company’s mission has been to license energy producers to use the methods developed by the company on a global market. Taurus Energy holds over 10 world-leading patents, which have been developed with the help of around 20 internationally recognized scientists. Taurus Energy is listed on the Aktietorget equities market. For more information, please visit www.taurusenergy.eu
For further information, please contact:
Fredrik Weschke, CEO Taurus Energy
Phone: +46 704 54 74 69