gevo inc (GEVO) Key Developments
Gevo, Inc. Appoints Andy Marsh to its Board of Directors
Feb 12 15
Gevo, Inc. announced that it has appointed Andy Marsh to its Board of Directors. Mr. Marsh is the President and Chief Executive Officer of Plug Power Inc. Mr. Marsh joined Plug Power as President and CEO in April 2008. Previously, Mr. Marsh was a co-founder of Valere Power, where he served as CEO and Board Member from the company's inception in 2001 through its sale to Eltek ASA in 2007. Mr. Marsh is a member of the Board of Directors for the California Hydrogen Business Council.
Gevo, Inc., Board Meeting, Jan 16, 2015
Jan 30 15
Gevo, Inc., Board Meeting, Jan 16, 2015.
Supreme Court Rules in Favor of Gevo on Butamax Advanced Biofuels LLC Patent Claims
Jan 27 15
Gevo announced the U.S. Supreme Court ruled in favor of Gevo and overturned an earlier Federal Circuit Court of Appeals ruling on the interpretation of key patent claims. The result is that Gevo's victory in the Delaware District Court is reinstated, and that the case has been remanded back to the Appeals Court for consideration in light of the new standard of appellate review that was decided in the Teva Pharmaceuticals USA v. Sandoz case. The final judgment of non-infringement was entered in Gevo's favor following the acknowledgment by Butamax Advanced Biofuels LLC (Butamax) that Gevo does not infringe Butamax's Patent Nos. 7,851,188 and 7,993,889.
Gevo, Inc. Cuts Head Quarters Staff by 41%
Jan 20 15
Gevo Inc. announced that it is cutting its headquarters staff by 41%, and its chief executive will take some of his pay in stock. It has reduced its headquarters headcount from 56 to 33, effective immediately. Most of the cuts are in Gevo's technology group.
Gevo, Inc. Launches Sales of Renewable Isobutanol to Brenntag Canada Inc
Jan 12 15
Gevo, Inc. announced that it has launched sales of renewable isobutanol to Brenntag Canada Inc. for distribution into the solvents, oil & gas, mining and specialty chemicals markets. The initial market entry is focused on Canada. Brenntag Canada has purchased truckload quantities of isobutanol from Gevo for distribution to targeted customers.