Scientific Study Reveals ReadiDiesel® Meets Petroleum-Based Diesel Specifications Without Blending Fossil FuelsDocument Transcript
For Immediate ReleaseScientific Study Reveals ReadiDiesel®Meets Petroleum-Based DieselSpecifications Without Blending Fossil FuelsReadiDiesel®, made from energy feedstock from Calyx Bio-Ventures’ subsidiary Agrisoma,stands out as petroleum alternative, made from non-food oilseedJune 24, 2013 – Vancouver, British Columbia – Calyx Bio-Ventures Inc. (TSX-V: CYX) ispleased to announce that Resonance® energy feedstock provided by Calyx subsidiary AgrisomaBiosciences, was found to be the most similar to petroleum-derived fuels as compared to otherrenewable fuels tested in a recent study conducted by the Coordinating Research Council (CRC),a non-profit organization that encourages, promotes and studies various fuels through scientificresearch.The study, Advanced Alternative and Renewable Diesel Fuels: Detailed Characterization ofPhysical and Chemical Properties, confirmed that ReadiDiesel®, made from Agrisoma’sResonance™ energy cairnata feedstock, “looked more like the petroleum-derived fuels than theother renewable fuels…” The study compared the results of detailed analyses of the physical andchemical properties of 10 advanced alternative and renewable diesel fuels and four commercialultra low sulfur diesels.A key objective of the blind study was to identify the similarities and differences of alternativeand renewable fuels as compared to conventional petroleum derived diesel fuels. Samples wereobtained from select manufacturers who produced diesel on a relatively large scale (from pilot tocommercial scale) and agreed to participate in the study.Highlights of the report include:• Referring to RD3 (ReadiDiesel): “…looked more like the petroleum-derived fuels thanthe other renewable fuels…” Page xviii, Executive Summary.• ReadiDiesel was the only fuel tested that had the same level of aromatics as petroleum-based diesel fuel, the main reason most alternative fuels require blending with petroleum.ReadiDiesel, made by Applied Research Associates (ARA) and Chevron Lummus Global fromAgrisoma Resonance® energy feedstock, is referred to as "RD3" in the report the report.“The CRC report provides a broad view and comprehensive analysis of the slate of alternativeand renewable diesel fuels at or near commercial scale. Our ReadiDiesel, made from Agrisoma’sResonance energy feedstock, clearly stands out, meeting D975 specs without blending and
having a molecular makeup that is almost indistinguishable from the ultra low sulfur dieselstested in the program,” said Ed Coppola, ARA Fuels Technical Lead.“The fact that ReadiDiesel has a density equivalent to petroleum diesels is significant from anoperational perspective as it equates to extra miles per gallon for a diesel fleet,” said Chuck Red,ARA’s Vice President, Fuels Development.“The CRC study is one more confirmation that Resonance® carinata can be used as a feedstockfor fuels that are complete petroleum substitutes, resulting in substantially reduced carbon andother harmful emissions without compromising performance,” said Hugh Notman, president andCEO of Calyx. “This further supports our efforts to become a leading non-food source ofbiofuels that can be utilized seamlessly in petroleum-fuel powered engines, whether they be inplanes, ground transportation or other applications.”Access to the full CRC Report visit http://www.crcao.org/reports/recentstudies2013/AVFL-19-2/CRC%20Project%20AVFL-19-2%20Final%20Report.pdfThe AVFL-19 Working Group (of the CRC) is comprised of representatives from energycompanies, U.S. national labs, and a Canadian national lab. The time and testing expenses of theauthors were largely funded by their respective organizations. Members of the U.S. Departmentof Energy National Laboratories used funding from their budgets provided by U.S. DOE VehicleTechnologies Program. Members of National Resources Canada and Canmet ENERGY usedfunding from their budgets provided by the Government of Canada’s interdepartmental Programof Energy Research and Development, PERD 113 Petroleum Conversion for Cleaner Air.About CalyxCalyx Bio-Ventures Inc. (TSXV: CYX) is an agricultural technology company focused onrenewable fuels including biojet and biodiesel. Calyx’s operating subsidiary, AgrisomaBiosciences Inc., is producing a new proprietary non-food energy feedstock crop, Resonance®carinata, which yields oil that can be refined into fuels that work in existing engines as a 100percent petroleum substitute. From seed to sky, fuels produced from Resonance® carinatasubstantially reduce carbon and other harmful emissions, and help to reduce global petroleumdependence. For further information about Calyx, please visit www.calyxbio.com. Resonance®is a registered trademark of Agrisoma Biosciences Inc.For Further Information, please contact:W. Hugh Notman Investor Relations:President & CEO Keir ReynoldsTel: 604-689-2495 Tel: 778-998-9242Email: email@example.com Email: firstname.lastname@example.orgForward-Looking Statements: This document contains certain forward-looking statementsconcerning Calyx and/or Agrisoma, as well as other expectations, plans, goals, objectives,information or statements about future events, conditions, results of operations or performancethat may constitute "forward-looking statements" or "forward-looking information" under
applicable securities legislation. Such statements or information involve substantial known andunknown risks and uncertainties, certain of which are beyond Calyxs and/or Agrisoma’scontrol, including general business, economic, competitive, political and social uncertainties;the delay or failure to receive regulatory approvals, the characteristics and viability for bio-fueldevelopment, the willingness of third parties to conclude agreements with Calyx and/orAgrisoma on terms that are acceptable to management of Calyx and/or Agrisoma, and the abilityof Calyx and/or Agrisoma to secure sufficient future funding to carry out all of its business plans.Such forward-looking statements or information are based on a number of assumptions, whichmay prove to be incorrect. In addition to other assumptions identified in this news release,assumptions have been made regarding, among other things, commodity prices, operatingconditions, capital and other expenditures, and project development activities.Although Calyx and/or Agrisoma believes that the expectations reflected in such forward-lookingstatements or information are reasonable, undue reliance should not be placed on forward-looking statements because Calyx and/or Agrisoma can give no assurance that such expectationswill prove to be correct. Forward-looking statements or information are based on currentexpectations, estimates and projections that involve a number of risks and uncertainties whichcould cause actual results to differ materially from those anticipated by Calyx and/or Agrisomaand described in the forward-looking statements or information.The forward-looking statements or information contained in this news release are made as of thedate hereof and Calyx and/or Agrisoma undertakes no obligation to update publicly or reviseany forward-looking statements or information, whether as a result of new information, futureevents or otherwise unless so required by applicable securities laws or the TSX VentureExchange. The forward-looking statements or information contained in this news release areexpressly qualified by this cautionary statement.This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, anysecurities in the United States, nor shall there be any sale of securities mentioned in this pressrelease in any state in the United States in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of any such state.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.