Joule Biotechnologies Selected by AlwaysOn as a GoingGreen Top 100 Winner

Innovative Start-Up Recognized for its Helioculture™ Technology, a Game-Changing Production System Capable of Supplying Unlimited Renewable Fuel at Costs Competitive with Transportation Fuels

Cambridge, Mass.—September 3, 2009—Joule Biotechnologies, Inc., an innovative bioengineering startup developing game-changing alternative energy solutions, today announced that it has been chosen by AlwaysOn as one of the GoingGreen Top 100 Winners. Joule’s Helioculture™ technology is a revolutionary process that harnesses sunlight to directly convert carbon dioxide (CO₂) into renewable ethanol or hydrocarbons at a production cost expected to be competitive with transportation fuels. The GoingGreen Top 100 list is based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz. Inclusion signifies major developments in the creation of new business opportunities in the green technology industries.

“Joule Biotechnologies and the other GoingGreen Top 100 winners have excelled in key strategic areas in the global clean energy technology markets,” said Tony Perkins, founder and CEO of AlwaysOn. “We congratulate them for their success in introducing new tools, services, and systems that are driving the next phase of greentech innovation and transforming the biggest industries on earth.”

Joule’s transformative Helioculture™ technology leverages highly-engineered photosynthetic organisms to catalyze the conversion of sunlight and CO₂ to usable transportation fuels and chemicals. The scalable SolarConverter™ system facilitates the entire process—from sunlight capture to product conversion and initial separation. This eco-friendly, Direct-to-Product™ process requires no agricultural land or fresh water, and leverages a highly scalable system with the potential of producing more than 20,000 gallons of SolarEthanol™ fuel and 13,000 gallons of SolarDiesel™ fuel per acre per year. This far eclipses productivity levels of current biomass-derived alternatives, while significantly reducing CO₂ emissions and achieving costs expected to rival those of transportation fuels.

Joule and the other GoingGreen Top 100 winners will be honored at GoingGreen West, September 14-16, 2009 at Cavallo Point in Sausalito, Calif. At the event, Joule CEO Bill Sims will also participate in a panel session entitled “Biochemicals, Bioplastics, Biofuel” that will examine the latest developments in alternative fuels. It will take place on Wednesday, September 16, 2009 at 11:00 a.m. PT in the Callippe room.

“The selection of Joule as a GoingGreen Top 100 winner validates our Helioculture™ technology as a truly game-changing breakthrough. Our approach takes the strongest attributes of solar energy and biofuels—while eliminating their respective weaknesses—to produce unlimited quantities of clean, renewable transportation fuel and other products,” said Sims. “We are honored to be part of the GoingGreen Top 100 as we continue to develop the world’s first alternative fuel solution that combines the right engineering, scalability and pricing necessary to finally compete with fossil fuels and ultimately pave the way to global energy independence.”

About Joule Biotechnologies
Joule Biotechnologies, Inc. is tackling the global energy crisis with a game-changing, renewable alternative to transportation fuels. Its patent-pending Helioculture™ technology surpasses the limitations of biomass-derived fuel approaches by using sunlight to convert CO₂ directly into SolarFuel™ liquid energy. This direct-to-fuel conversion requires no fresh water and minimal non-agricultural land, avoids costly intermediaries and processing, and finally enables the scale, unlimited quantities and pricing required for energy independence. Founded in 2007 by Flagship Ventures, Joule is privately held and headquartered in Cambridge, Massachusetts. Additional information is available at www.joulebio.com.

About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, OnDC, GoingGreen East and West, Venture Summit East and West) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.