Irvine California based Vertimass is raising $6,000,000.00 in Investment.
Irvine, CA – According to filings with the U.S. Securities and Exchange Commission, Vertimass is raising $6,000,000.00 in new funding. Sources indicate as part of senior management Chief Financial Officer, Edward Morrell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Vertimass
Vertimass LLC was awarded a worldwide exclusive license for novel catalyst technology invented at Oak Ridge National Laboratory for the conversion of ethanol into jet fuel, diesel fuel, and gasoline blend stocks that are compatible with the current transportation fuel infrastructure. These blend stocks are anticipated to qualify for the Renewable Fuel Standard at the same level as the ethanol used as the feedstock. The technology can also inexpensively convert ethanol into renewable chemicals. Vertimass seeks to commercialize this novel technology to overcome obstacles that limit ethanol use in gasoline for light duty vehicles and open up new ethanol markets for aircraft and heavy-duty vehicles.
To learn more about Vertimass, visit http://www.vertimass.com/
Contact:
Edward Morrell, Chief Financial Officer
949-417-1396
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