John May of Stern Brothers to Present Bond Financing Mechanism Adopted by USDA at NAA Conference

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 16, 2010 --

The Woodlands, TX, September 16, 2010 -- In continuing its efforts to fast-track commercialization of algae, and as a follow-up to the USDA presentation about its Loan Guarantee program, John May, Managing Director of Stern Brothers & Co., will be presenting the bond financing mechanism recently adopted by the USDA at the National Algae Association conference in Houston on September 23-24, 2010 at the Sheraton North Houston. The mechanism apparently mirrors what the DOE already had done in each of its Section 1703 and Section 1705 Loan Guarantee programs, and is designed to work under the USDA’s Section 9003 program, the DOE’s 1703 program, the DOE’s 1705 program and/or the USDA’s B&I or REAP programs, depending on circumstances.

Also on hand to discuss new and innovative ways to help get algae out of the lab and into commercial-scale production will be Dr. Brian Hampson of CalPoly, Marco Brocken of Evodos, Joseph Holroyd of LakeMaster Corp, Victoria Kurtz of Fluid Imaging Technologies, Surijit Khanna of BARD Holding, OriginOil, Phykos, Dave Philbrook of Water Management Solutions, LLC, Dr. Matt Prufert of DRS Technologies, Mark Hanson of Stoel Rives, Serge Randhava of United Technologies, Inc., Bill Ramey of Novak Druce + Quigg, Sebastian Thomas of Parry Nutraceuticals, Bob Vitale of Waterwheel Factory, Bob Weber of Sunrise Ridge Algae, and Will Thurmond of Emerging Markets Online. Hank Gilbert will discuss his Fields to Pump Biofuels Initiative, an initiative that can be implemented throughout the country. We will conclude with field trips to a commercial-scale demo PBR that is in production which was constructed with donated time and equipment, based on the years of research behind us, without any patents or licensing fees.

About National Algae Association:

National Algae Association is 501(c)6 formed to fast-track commercialization of algae as an alternative fuel. NAA conferences provide platforms for open dialogue and collaboration among like-minded algaepreneurs. We and our presenters all encourage constructive participation to help expedite the mission of fast-tracking commercialization. NAA realizes that it will take decades to develop best practices and industry standards - the petroleum industry has been revising theirs for over 100 years - but, as with evolution of the petroleum industry, much of this will happen in the field, not in a lab. NAA brings research, business intelligence and market strategies together to develop this new resource into jet fuel, biodiesel, biogasoline and bioplastics, nutraceuticals, pharmaceuticals, cosmetics, organic fertilizer, food and feedstock.

Contact:
Lisa Cohen
National Algae Association
The Woodlands, TX
281-543-1734
info@nationalalgaeassociation.com
http://www.nationalalgaeassociation.com/

biogasoline     Industry Standards     jet fuel     petroleum