ENGLEWOOD, Colo., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), is pleased to announce that Peak Value IP LLC ("Peak Value"), has completed a valuation of intellectual property including trade secrets, know-how, patents and patent applications (collectively, the "IP") across the world that can be licensed and monetized by Gevo.
Peak Value's analysis yielded an indication of investment valuation of $412 million for the IP. Peak Value used an "Income Approach" to estimate the value, focusing on discounted projected cash flows from direct Gevo-sponsored projects and potential out-licensing within a renewable biofuel production market.
Patrick R. Gruber, Chief Executive Officer of Gevo, says, "I'm pleased to see our IP valuation increasing. Our products work, our technology works, our patents cover our proprietary technology. I'm looking forward to completing the project financing of our large scale production facilities and getting large plants built. Having an external point of view on our patent portfolio, I expect, will be important in attracting investors. Our valuation reflects that we focused on isobutanol as an enabler for low-carbon renewable gasoline, jet fuel, and diesel fuel."
Gevo paid Peak Value to perform the evaluation pursuant to an IP Valuation Engagement Agreement between Gevo and Peak Value.