SOURCE: Novomer


March 03, 2009 09:00 ET

Novomer Named AlwaysOn GoingGreen 50 Winner

Pioneering High-Performance Materials Company Honored as a Leading Green Technology Innovator for 2009

BOSTON, MA--(Marketwire - March 3, 2009) - Novomer Inc., a materials company pioneering a family of high-performance, biodegradable plastics, polymers and other chemicals from renewable substances, today announced that it has been selected to the 2009 GoingGreen East 50 Top Private Company List.

The GoingGreen East 50 Award is given to private, emerging companies creating new business opportunities in green technology. Novomer was chosen as a GoingGreen Top 100 winner in September, making this the second time the company has been recognized for their ingenuity. Novomer was selected by the AlwaysOn editorial team based on demonstration of growth, market opportunity, quality of innovation and customer traction.

"As our country faces increasingly difficult times, both economically and environmentally, alternative resources are needed more than ever to cut costs and increase material longevity," said Novomer CEO Jim Mahoney. "Dedicated to creating sustainable plastics and other materials, Novomer continues to push the boundaries of green technology. We feel privileged to be among such forward-thinking companies on the GoingGreen 50 list."

Novomer and the other GoingGreen East winners will be recognized at the GoingGreen East Conference at the Four Seasons in Boston, Mass. on March 9-11. This two-and-a-half day executive conference is co-presented and will feature presentations and high-level debates from CEOs, journalists, industry experts, investors and greentech executives.

"The GoingGreen East 50 companies have demonstrated their tenacity even in the toughest economic conditions that the technology world has ever encountered," said Tony Perkins, founder and editor of AlwaysOn. "We applaud their success in pushing the boundaries of innovation, creating market opportunities and transforming the industry even in the earlier stages of their businesses."

Developed by Dr. Geoffrey Coates and his research group at Cornell University, Novomer's technology uses carbon dioxide and carbon monoxide, instead of limited food supplies and costly biological production processes, to transform feedstocks into polymers, plastics and other green materials for a wide variety of industrial markets.

The GoingGreen East 50 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, GoingGreen East and West, Venture Summit East and West) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

About Novomer

Novomer is a revolutionary new materials company pioneering a family of low-cost, high-performance, green plastics, polymers and other chemicals. Founded in 2004 by technology commercialization firm Kensa Group, Dr. Geoffrey Coates and Dr. Scott Allen, the company is based on pioneering catalysts developed at Cornell University. Novomer's groundbreaking technology allows carbon dioxide and carbon monoxide to be cost-effectively transformed into polymers, plastics and other chemicals for a wide variety of industrial markets. The company is partnered with equity investors Flagship Ventures, Physic Ventures, and DSM Venturing and has received support from the Department of Energy and the National Science Foundation.

Contact Information

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