IP Valuation Firm Sets Gevo IP Portfolio at Greater Than $400M
August 28 2020 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO), is pleased to announce that Peak Value
IP LLC (“Peak Value”), has completed a valuation of intellectual
property including trade secrets, know-how, patents and patent
applications (collectively, the “IP”) across the world that can be
licensed and monetized by Gevo.
Peak Value’s analysis yielded an indication of investment
valuation of $412 million for the IP. Peak Value used an “Income
Approach” to estimate the value, focusing on discounted projected
cash flows from direct Gevo-sponsored projects and potential
out-licensing within a renewable biofuel production
market.
Patrick R. Gruber, Chief Executive Officer of Gevo, says, “I’m
pleased to see our IP valuation increasing. Our products work, our
technology works, our patents cover our proprietary technology. I’m
looking forward to completing the project financing of our large
scale production facilities and getting large plants built. Having
an external point of view on our patent portfolio, I expect, will
be important in attracting investors. Our valuation reflects that
we focused on isobutanol as an enabler for low-carbon renewable
gasoline, jet fuel, and diesel fuel.”
Gevo paid Peak Value to perform the evaluation pursuant to an IP
Valuation Engagement Agreement between Gevo and Peak Value.
About GevoGevo is
commercializing the next generation of renewable premium gasoline,
jet fuel and diesel fuel with the potential to achieve zero carbon
emissions, addressing the market need of reducing greenhouse gas
emissions with sustainable alternatives. Gevo uses low-carbon
renewable resource-based carbohydrates as raw materials, and is in
an advanced state of developing renewable electricity and renewable
natural gas for use in production processes, resulting in
low-carbon fuels with substantially reduced carbon intensity (the
level of greenhouse gas emissions compared to standard petroleum
fossil-based fuels across their lifecycle). Gevo’s products perform
as well or better than traditional fossil-based fuels in
infrastructure and engines, but with substantially reduced
greenhouse gas emissions. In addition to addressing the problems of
fuels, Gevo’s technology also enables certain plastics, such as
polyester, to be made with more sustainable ingredients. Gevo’s
ability to penetrate the growing low-carbon fuels market depends on
the price of oil and the value of abating carbon emissions that
would otherwise increase greenhouse gas emissions. Gevo believes
that its proven, patented, technology enabling the use of a variety
of low-carbon sustainable feedstocks to produce price-competitive
low carbon products such as gasoline components, jet fuel, and
diesel fuel yields the potential to generate project and corporate
returns that justify the build-out of a multi-billion dollar
business. Learn more at our website: www.gevo.com
About Peak Value IP
LLC, an affiliate of Weild & CoPeak Value IP, LLC, an
affiliate of Weild & Co investment bank, is a financial
advisory firm focused on intellectual property and patents. The
service provider reviews and assesses IP for capital raising,
valuation, brokerage, licensing, venture development, litigation
funding, and monetization. The Company’s clients include individual
inventors, venture capital and private equity funds, early and late
stage companies, universities and research institutions, and the
largest technology companies throughout the world.
Weild & Co is an independent investment bank
focused on enabling its independent registered professionals to
provide a broader spectrum of corporate finance and capital raising
services. These services span the gamut from strategic advisory,
M&A, private placements, and public securities offerings to
investor relations services. The investment banks takes particular
pride in helping businesses and funds that contribute to job
formation, economic growth, and quality of life. See more at
www.weildco.com
Forward-Looking
StatementsCertain statements in this press release may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to a variety of matters,
including, without limitation, statements related to the valuation
of Gevo’s patents and patent applications, Peak Value’s
evaluation, and other statements that are not
purely statements of historical fact. These forward-looking
statements are made based on the current beliefs, expectations and
assumptions of the management of Gevo and are subject to
significant risks and uncertainty. Investors are cautioned not to
place undue reliance on any such forward-looking statements. All
such forward-looking statements speak only as of the date they are
made, and Gevo undertakes no obligation to update or revise these
statements, whether as a result of new information, future events
or otherwise. Although Gevo believes that the expectations
reflected in these forward-looking statements are reasonable, these
statements involve many risks and uncertainties that may cause
actual results to differ materially from what may be expressed or
implied in these forward-looking statements. For a further
discussion of risks and uncertainties that could cause actual
results to differ from those expressed in these forward-looking
statements, as well as risks relating to the business of Gevo in
general, see the risk disclosures in the Annual Report on Form 10-K
of Gevo for the year ended December 31, 2019 and in subsequent
reports on Forms 10-Q and 8-K and other filings made with the U.S.
Securities and Exchange Commission by Gevo.
Investor and Media Contact +1
720-647-9605 IR@gevo.com
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