Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Energenics Closes Investment in Cerion Energy and Discloses Strategic Relationship

Abstract:
Energenics, a Singapore-based supplier of alternative energy solutions and technologies, has committed $500,000 to lead Cerion Energy's $4,000,000 Series B investment round. Closing of the B Round is scheduled for May 31, 2009.

Energenics Closes Investment in Cerion Energy and Discloses Strategic Relationship

Singapore | Posted on March 10th, 2009

In accordance with a previously executed Memorandum of Understanding, Energenics and Cerion have pooled their R&D expertise to jointly develop a family of "Third- Generation" fuel-borne combustion catalysts which increase fuel efficiency while reducing harmful greenhouse gas emissions and health-threatening chemicals such as NOx and Diesel Particulate Matter (DPM).

Advanced cerium oxide nanoparticles have been developed by Cerion for addition to diesel fuel in the less than 5 parts-per-million range. These catalytic cerium dioxide particles are up to forty times as reactive as existing cerium dioxide nanocatalysts used as fuel additives.

The thermodynamic and kinetic properties of Cerion's cerium oxide particles can be independently controlled and engineered down to the limits of particle size reactivity. Cerion has demonstrated unprecedented levels of particle size control and surface activity for deployment as fuel-borne catalysts.

Formulations are available that combine the properties of Cerion's new cerium oxide particles with the multiple particle effects of Energenics' present cerium oxide particles which are supplied to Energenics under an exclusive supply agreement with Antaria Limited of Perth Australia. These new Third-Generation fuel-borne catalysts are already available in commercial quantities and current manufacturing capability in Cerion's Rochester, New York plant is sufficient to produce enough additive to treat over 5 billion gallons of diesel fuel annually. Further, Cerion's marketing and distribution subsidiary, Cerion Gulf, is in the final stages of completing initial field tests with several major potential customers in the Southeast United States.

Test data conducted by both Energenics and Cerion demonstrate increases in fuel efficiency and reduced emissions. Extensive laboratory engine test data (thousands of hours) and on-road test data (millions of miles) by both Energenics and Cerion suggests


that these diesel additives are increasing fuel efficiency by 8-15% while reducing greenhouse gases by up to 15%, NOx by 8%, and DPM (soot) by 30-40%. These new additives are significantly better than existing commercially available First-Generation cerium oxide fuel additives.

In addition to collaborating on fuel combustion catalysts for diesel, gasoline, ethanol, biodiesel, coal, etc.; Energenics and Cerion are exploring business opportunities in the area of cellulosic ethanol production and other areas where their combined technology experience and expertise can make a major impact on the development of green-alternative energy solutions. Also, Energenics and Cerion are considering establishing a world-class trading service for Carbon Emission Credits that result from the use of its products in the reduction of transport related greenhouse gases, an area that Energenics have been actively involved in for 2 years.

Ronen Hazarika, CEO of Energenics, commented, "I'm ecstatic that the joint efforts of Cerion & Energenics have enabled a technology leapfrog in fuel-borne catalysis. The technology I initially developed and licensed in 2001 to Oxonica Plc had not fundamentally advanced in their hands, whilst an aggressive and intensive development program pursued with Cerion in 2008 has yielded Third-Generation products available for the start of 2009. I'm excited to demonstrate the benefits of the technology not only to current users of the First-Generation additive but also to new potential customers including our existing blue-chip US fleet transport customers. Additionally, this advanced technology means that for the first time ever, cerium oxide fuel borne catalyst particles can be tailored to optimize characteristics suitable to particular customer applications and needs."

Mick Stadler, Chairman and CEO of Cerion Energy, commented, "We are delighted to have Energenics as a strategic partner and we welcome the opportunity to collaborate with them on the creation of a new generation of green, alternative energy products. Further, their growing customer base in the United Kingdom and Asia-Pacific provides us with a unique opportunity to begin selling our diesel fuel-borne combustion catalysts in early 2009."

Cerion had its genesis in the Rochester Institute of Technology's (RIT) entrepreneurial business incubator, Venture Creations and was the first company spun out of Venture Creations in July of 2007. Cerion continues to partner with RIT in the material science area and has contractual and consulting relationships with several key faculty members in the College of Science (Chemistry, Physics and Carlson Imaging Science), the College of Engineering, and the Center for Integrated Manufacturing Studies.

####

About Energenics Pte Ltd
Energenics is a supplier of alternative energy solutions and technologies, providing customers access to switched or phased renewable fuels programs that deliver both energy use and gas emission reductions at zero or minimal capital cost. Energenics is incorporated in Singapore and is rapidly becoming a market leader in delivering turnkey biofuel & energy efficiency projects to fleet users using innovative technologies either developed in house or licensed in from technical partners. Mr. Hazarika is the original inventor of technology protected by patents relating to coated cerium oxide nanoparticles used as a fuel-borne catalyst owned by Neuftec Limited and now licensed to Energenics. In 2008, the UK High Court successfully upheld Neuftec's license rights in relation to a claim brought by Oxonica Energy Limited.

About Cerion Energy:

Cerion’s “Core Competency” is the ability to mass produce, at very low cost and in high yield, small (2 to 20 nm) monodisperse, nanoparticles. The structure of these nanoparticles can be manipulated and their chemical composition “Lattice Engineered” as well as surface functionalized for aqueous or organic media compatibility. Cerion’s goal is to become the leading developer and supplier of the most technologically advanced “green”, alternative energy solutions and technologies. Cerion was co-founded by Mick Stadler, a serial entrepreneur; and Ken Reed, inventor of Cerion’s technology platform. Mr. Stadler has been involved in establishing and financing more than 60 university-affiliated companies and the negotiation of over 750 licenses and/or joint venture agreements in his thirty-five year business career. Dr. Reed is a physical chemist with a Ph.D. from Stanford University and over 30 years experience in Kodak’s Research Laboratories, focused on reaction chemistry and precipitation of nano-particles and micro-emulsions. Dr. Reed’s work yielded 24 patents and resulted in his induction into the Kodak Distinguished Inventors Gallery.

For more information, please click here

Contacts:
Ronen Hazarika
CEO
Energenics Pte Ltd
Tel: +65 6341 9650

Mick Stadler
Chairman & CEO
Cerion Energy, Inc
Tel: (585) 271-5630
www.cerionenergy.com

Copyright © Energenics  Pte Ltd

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Harris & Harris Group Portfolio Company OpGen Files Amended Registration Statement for Proposed Public Offering April 8th, 2015

Hong Kong Investors Bullish on Dais Analytic Invest $5.75M, Provide $60M Contract, and Create New Joint Venture Company March 26th, 2015

Announcements

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

Energy

Pseudoparticles travel through photoactive material: KIT scientists measure important process in the conversion of light energy -- publication in Nature Communications April 24th, 2015

Scientists Use Nanoscale Building Blocks and DNA 'Glue' to Shape 3D Superlattices: New approach to designing ordered composite materials for possible energy applications April 23rd, 2015

'Holey' graphene for energy storage: Charged holes in graphene increase energy storage capacity April 22nd, 2015

Expanding the reach of metallic glass April 22nd, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project