Novomer Recognized by AlwaysOn as GoingGreen Top 100 Winner
BOSTON—Novomer Inc., a materials company pioneering a family ofhigh-performance, biodegradable plastics, polymers and other chemicals from renewablesubstances, today announced that it has been honored by AlwaysOn as one of the GoingGreenTop 100 Winners. Novomer was selected by the AlwaysOn editorial team and other industryexperts spanning the globe, based on a set of five criteria: innovation, market potential,commercialization, stakeholder value and media buzz.
Inclusion in the GoingGreen 100 signifies major developments in the creation of new businessopportunities in the green technology industries. As such, Novomer and the GoingGreen Top100 companies will be honored at GoingGreen 2008 on September 15-17 at Cavallo Point inSausalito, Calif.
“Novomer is committed to changing the way the world develops and consumes plastics,” saidCharles Hamilton, president of Novomer. “Unlike other biodegradable plastics in today’s market,Novomer’s catalyst technology provides both environmental benefits and improved materialsperformance. We are honored to be included on the GoingGreen Top 100 list and look forwardto expanding the reach of our sustainable technology as we explore new applications andindustries.”
“The GoingGreen Top 100 winners have excelled in key strategic areas in the global cleanenergy technology markets,” said Tony Perkins, founder and CEO of AlwaysOn. “Wecongratulate them for their success in introducing new tools, services, and systems that aredriving the next phase of green tech innovation and transforming the biggest industries on earth.”
Novomer’s revolutionary technology allows renewable resources to be cost-effectivelytransformed into green materials for a wide variety of industrial markets. Earlier this spring,Novomer announced its first commercial product, NB-180, a poly propylene carbonate (PPC)sacrificial binder that burns cleaner, more uniformly and at lower temperatures than currentlyavailable products. Initially produced for industrial applications, NB-180 saves manufacturersvaluable time and resources because of its predictable decomposition and the reduction ofprocessing steps.
About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand tolaunch a community blog network. In 2004, AlwaysOn continued to lead the industry ininnovation by engaging its bloggers in a social network. AlwaysOn is also revolutionizing themedia business by applying its open-media principles to its executive event series (StanfordSummit, OnHollywood, Breakout, OnMedia, GoingGreen, NordicGreen, and Venture SummitsEast and West) and quarterly print “blogozine.” No other media brand has dared to create suchopen interaction with its readers and event participants.
About Novomer
Novomer is a revolutionary new materials company pioneering a family of low-cost, highperformance,green plastics, polymers and other chemicals. Founded in 2004 by technologycommercialization firm KensaGroup, Dr. Geoffrey Coates and Dr. Scott Allen, the company isbased on pioneering catalysts developed at Cornell University. Novomer’s groundbreakingtechnology allows carbon dioxide and other renewable materials to be cost-effectivelytransformed 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 DSMVenturing and has received support from the National Science Foundation and Department ofEnergy.
