LS9, the Renewable Petroleum Company, Selected by World Economic Forum as 2008 Technology Pioneer


LS9, the Renewable Petroleum Company, Selected by World Economic Forum as 2008 Technology Pioneer

November 29, 2007

President of pioneering hydrocarbon biofuels company to accept honor in Davos, Switzerland

SAN CARLOS, Calif., Nov. 29 /PRNewswire/ -- The World Economic Forum announced today that LS9, Inc., the Renewable Petroleum Company(TM), has been selected as one of its 39 Technology Pioneers for 2008. The company was first nominated by the world's leading technology experts, including venture capitalists, technology companies, academics and media, and the final selection from 273 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2008 are invited to participate in the World Economic Forum Annual Meeting 2008 that will be held in Davos, Switzerland, from 23-27 January and in the Annual Meeting of the New Champions that will be held in Tianjin, People's Republic of China from 25-27 September 2008.

LS9 is the pioneer in the commercial development of hydrocarbon fuels made from diverse renewable feedstocks. These DesignerBiofuels(TM) products are designed to closely resemble petroleum fuels and to fit into existing distribution and consumer infrastructure, but are specially engineered to be clean, renewable, domestically produced and cost competitive with crude oil. While the company's initial focus is on producing these biofuels, LS9 will also develop sustainable industrial biochemicals for specialty applications. LS9 products have been proven in the lab and are now in the midst of rapid commercialization, with a pilot facility next year leading to market availability in the next three or four years.

"Our Renewable Petroleum(TM) technology can dramatically change global carbon flow, empower an agriculturally based fuel economy, decrease the political tensions posed by scarce fossil reserves, and accelerate the widespread adoption of renewable transportation fuels," said company president, Robert Walsh. "We are honoured to have our game-changing technology recognized by such a distinguished, worldwide body of scientists and technology leaders."

Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader -- and its technology must be proven. Previous Technology Pioneers have included Business Objects, Cambridge Silicon Radio, Corel Corporation, Encore Software, Google, Mozilla Corporation and Napster. This is the first year that a biofuels company has been recognized for this prestigious award.

The entire list of Technology Pioneers and interviews with the CEOs of the selected companies can be found here:

"This year the World Economic Forum received a record number of applications from companies around the world to become a Technology Pioneer. From a highly competitive field, we are extremely pleased to have a community that is using innovation and technology to dramatically affect the way society and business operate and doing so in a markedly collaborative manner. We are excited to welcome the Technology Pioneers class of 2008 to the larger community of the World Economic Forum and we are looking forward to the fruits that their collaboration will bring," said Peter Torreele, Managing Director of the World Economic Forum.

About LS9

LS9, Inc., the Renewable Petroleum Company(TM), is a privately-held biotechnology company and the pioneer in the commercial development of hydrocarbon biofuels. LS9 is pursuing industrial applications of synthetic biology to produce proprietary hydrocarbon biofuels that are compatible with existing fuel distribution and consumer infrastructure. LS9's patent-pending DesignerBiofuels(TM) products are custom engineered in the lab to address immediate market needs for clean energy alternatives to petroleum. The venture capital firms Flagship Ventures, Khosla Ventures and Lightspeed Venture Partners have provided funding to date. LS9 is headquartered in San Carlos, California, in the heart of Silicon Valley.

About the World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.

Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. (