Gevo Denies All Claims of Infringement in the Butamax Patent Infringement Complaint
ENGLEWOOD, Colo., Mar 25, 2011 (BUSINESS WIRE) -- Gevo, Inc. (NASDAQ: GEVO), a renewable chemicals and advanced biofuels company, today filed its answer in Delaware District Court to the patent infringement complaint filed on January 14, 2011 by Butamax Advanced Biofuels LLC, which alleges that Gevo is infringing one patent that has been assigned to Butamax relating to the production of isobutanol.
"Our answer, filed in Delaware district court, formally denies all claims of infringement, as we use Gevo's Integrated Fermentation Technology(R) (GIFT(R)), which is covered by over 150 patent applications, and is a different approach than the one described in the Butamax patent," said Brett Lund, Gevo Executive Vice President and General Counsel. "We will vigorously defend against the claims asserted in the complaint."
Gevo is developing capital efficient biorefinery systems to provide renewable, cost-effective building block products to the fuel and chemical industries. The Company seeks to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a "drop in" basis into existing fuel and chemical products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society's needs for plentiful food and clean air and water. For more information, visit www.gevo.com.
SOURCE: Gevo, Inc.