Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Gevo Filing For Preliminary Injunction Against Butamax

Stock quotes in this article: DD, GEVO 





ENGLEWOOD, Colo., Aug. 6, 2012 /PRNewswire/ -- Gevo, Inc. (NASDAQ: GEVO), will file today a motion for preliminary injunction against Butamax™ Advanced Biofuels LLC (Butamax) and E.I. du Pont de Nemours and Company (DuPont) (NYSE: DD) to immediately stop ongoing infringement by Butamax and DuPont of a Gevo patent covering the production of isobutanol with genetically engineered microorganisms.

"Isobutanol is an extremely versatile molecule that can be used for production of everything from the gasoline blendstock of the future to jet fuel and from automotive tires to soft drink bottles," said Brett Lund, Executive Vice President and General Counsel. "Because this molecule is so valuable, competitors are infringing on Gevo patents that cover our advanced, low-cost production of isobutanol. Today, we are asking the court to issue a preliminary injunction to halt a particularly egregious ongoing infringement of one of many patents we hold covering our advanced, field-proven, commercial-scale, production technology."

The request for a preliminary injunction involves Gevo's U.S. Patent No. 8,133,715 (the '715 Patent), which covers a production process using isobutanol-producing yeast. Gevo's request for preliminary injunction follows a lawsuit filed March 13, 2012, in the U.S. District Court for Delaware, which alleges that Butamax and DuPont infringe the '715 Patent. Gevo is requesting that the District Court intervene to immediately halt ongoing infringement of the '715 Patent by Butamax and DuPont.

"The '715 Patent covers technology that dramatically improves isobutanol production. It achieves this result by eliminating a pathway in native yeast that 'hijacks' carbohydrates away from the isobutanol pathway," said Lund. "Our scientists discovered and patented the elimination of this competing yeast pathway." 

"We are happy to compete in the marketplace – whether with the mega petroleum or chemical industry companies that are currently backing Butamax – or anyone else," said Lund.  "However, we expect our competitors to play by the rules and not illegally use our proprietary and patented technology to overcome their own technological deficiencies. That is why we filed a lawsuit in March, and why we are now seeking a preliminary injunction to halt their continued infringement of the '715 Patent."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs