COLLABORATION AGREEMENT WITH UNIVERSITY COLLEGE DUBLIN
05.09.08

RedOx Biofuels and researchers at University College Dublin sign agreement to convert post-consumer waste into bio-degradable plastics

Applied Intellectual Capital (“AIC”) (AIM: AINC) and RedOx Biofuels (“RedOx”), a wholly-owned subsidiary of AIC, have today announced a new collaborative scientific research agreement with Dr Kevin O’Connor from University College Dublin’s (UCD) School of Biomolecular and Biomedical Science, to investigate methods of converting post-consumer waste into bio-degradable plastics.

By combining Dr O’Connor’s patent-pending microbiological technology and AIC/RedOx’s proprietary technology (metal mediated redox (“MMR”)), the proposal is to convert several waste streams into bio-degradable plastics which can be used in a variety of forms ranging from plastic bottles to surgical parts thereby replacing traditional fossil fuel-based plastics. The collaboration may also be extended in the future to produce other value added products like bio-fuels from waste.

“This agreement with Dr Kevin O’Connor and his team at University College Dublin offers RedOx exciting new potential avenues for converting consumer waste streams into value-added products,” says Kim Ogaard-Nielsen, CEO of RedOx. “We are very excited by this additional branch to our business activity.”

“Power and diversity can meet with extraordinary results at the interface between chemistry and biology,” says Dr Kevin O’Connor, UCD. “This new collaboration with AIC/RedOx shows how chemo-biological synergy can offer real solutions for waste by using it to generate value added products.”

ENQUIRIES:

Applied Intellectual Capital: Dr. Stephen Clarke Tel. +1 925 639 9399