Aquaflow Named One Of Asia’s Most Promising Private
Kiwi renewable fuels company a Finalist for the 2012 Red Herring Top 100 Asia Award
Blenheim, New Zealand – August 19, 2012– Kiwi renewable fuels company Aquaflow Bionomic Corporation
announced today it has been selected as a Finalist
for Red Herring's Top 100 Asia award, a prestigious list honouring the year’s most promising private technology
ventures from the Asian business region.
Over the last 6 years Aquaflow has developed a commercial offering that enables it to take multi-biomass feed stocks
(for example trees, algae and agricultural waste) and process it into renewable hydrocarbon fuels – petrol or diesel and
jet fuel – most importantly on a basis that is economic today.
Aquaflow announced in April that it had successfully entered a technology co-operation agreement with CRI Catalyst
Company (CRI), and since that time has started planning to establish its first series of commercial scale refineries in
a number of geographies.
“We’re thrilled to be named a finalist in such respected company. And we’re very proud to be the only Kiwi company to
reach the finals in the clean technology category. Our focus has always been on making a near term contribution to
renewable fuels and we are now very close to making this a reality. We look forward to flying the flag for New Zealand
at the forthcoming Forum in Hong Kong,” comments Aquaflow director Nick Gerritsen.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The
nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology
innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company,
which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating
the greatest business opportunities in the industry.
“This achievement is further evidence, therefore, that Aquaflow is at the leading edge of drop-in renewable fuels and we
are creating a technology offering with global potential,” says Gerritsen.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has
abated and there are many great companies producing really innovative and amazing products. We had a very difficult time
narrowing the pool and selecting the finalists. Aquaflow Bionomic Corporation
shows great promise and therefore deserves to be among the Finalists. Now we’re faced with the difficult task of
selecting the Top 100 winners of Red Herring Asia. We know that the 2012 crop will grow into some amazing companies that
are sure to make an impact."
for the 2012 edition of the Red Herring 100 Asia award are selected based upon their technological innovation,
management strength, market size, investor record, customer acquisition, and financial health. During the several months
leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware,
biotech, mobile and other industries completed their submissions to qualify for the award.
are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, September 10-12, 2012. The
Top 100 winners will be announced at a special awards ceremony on the evening of September 12 at the event.
Based in Nelson, New Zealand, Aquaflow was formed in October 2005. Its founders were technology start-up expert Nick
Gerritsen, and successful renewable energy developers Vicki Buck and Barrie Leay. Aquaflow is a leading pioneer in
biomass to fuels and algal technologies without genetic modification Aquaflow creates feedstock for and produces
biofuels and chemicals and remediated water. For more information please visit: www.aquaflowgroup.com