Leaf Clean Energy Company Partnership with Lehigh Technologies (1357I)
July 20 2012 - 2:44AM
UK Regulatory
TIDMLEAF
RNS Number : 1357I
Leaf Clean Energy Company
20 July 2012
July 20, 2012
Leaf Clean Energy Company ("Leaf") Invests in Lehigh
Technologies
Leaf Clean Energy Company (AIM-LEAF), the renewable energy and
sustainable technology investment firm, announced today that it is
partnering with Lehigh Technologies ("Lehigh"), a leading green
materials company, with a $5 million investment as Lehigh continues
to meet increasing demand for energy-saving micronized rubber
powders. Leaf led the investment round and joined other leading
investors in Lehigh.
Lehigh Technologies' proprietary manufacturing process takes
end-of-life tire material and other post-industrial rubber material
and "upcycles" it into high quality, sustainable powders called
micronized rubber powders, or MRP. Lehigh's micronized rubber
powder can help companies achieve sustainability goals, improve
product performance, and deliver cost savings without sacrificing
the reliability that traditional raw materials offer.
"Lehigh is a compelling investment because they address a major
environmental problem with a product that has a great value
proposition for their customers. Leaf's mission is to support
companies that can achieve environmental sustainability with
economically viable business models," said Bran Keogh, Executive
Director of Leaf Clean Energy.
"Lehigh has the leading technology for addressing the resource
challenge of end-of-life tires, which amount to billions of pounds
every year," said Matthew Fedors, Vice President of Leaf Clean
Energy who will join Lehigh's Board of Directors. "Customers are
increasingly choosing Lehigh's products in response to rising
rubber and polymer prices, combined with rising energy prices. We
are thrilled to partner with Lehigh Technologies and to add Leaf's
support as they continue to expand the business."
"We are pleased to add Leaf Clean Energy to our existing
investor syndicate. Their approach to emerging sustainable
technologies is aligned with Lehigh's strategies in our core
markets. We are looking forward to working with them to expand our
geographic and industry reach," said Alan Barton, Chief Executive
Officer at Lehigh Technologies.
Lehigh's micronized rubber powders are used in tires, consumer
goods, building materials, and a variety of other consumer and
industrial applications. Lehigh is a late-stage venture-backed
company with a growing revenue stream. In 2011, the company
announced that over 100 million tires have been manufactured using
Lehigh's micronized rubber powder. Each pound of micronized rubber
powder included in a tire saves 0.8 gallons of oil and 10 kilowatt
hours of electricity.
About Lehigh Technologies(www.lehightechnologies.com)
Lehigh Technologies is a leading green materials manufacturer
that turns end-of-life tire materials and other post-industrial
rubber into sustainable powders that are used in a wide range of
industrial and consumer applications. Lehigh is headquartered in
Tucker, GA and is privately held and backed by leading investors in
the US and Europe. For more information, please visit
www.lehightechnologies.com.
About Leaf Clean Energy(www.leafcleanenergy.com)
Leaf Clean Energy Company is a renewable energy and sustainable
technology investment firm. The firm's investment strategy utilizes
a rigorous, hands-on, and disciplined approach that draws from
experience in operations, financing, and regulatory policy. Leaf
invests in emerging growth companies and energy projects and has a
diversified investment portfolio in North America. Leaf is listed
on the London Stock Exchange's Alternative Investment Market under
the symbol LEAF. Further information is available at
www.leafcleanenergy.com.
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