John May of Stern Brothers to Present Bond Financing Mechanism Adopted by USDA a

t NAA Conference
John May, Managing Director of Stern Brothers & Co., will be presenting the bond
financing mechanism recently adopted by the USDA at the National Algae Associat
ion conference in Houston next week.
The Woodlands, TX, September 16, 2010 -- In continuing its efforts to fast-track
commercialization of algae, and as a follow-up to the USDA presentation about i
ts Loan Guarantee program, John May, Managing Director of Stern Brothers & Co.,
will be presenting the bond financing mechanism recently adopted by the USDA at
the National Algae Association conference in Houston on September 23-24, 2010 at
the Sheraton North Houston. The mechanism apparently mirrors what the DOE alrea
dy had done in each of its Section 1703 and Section 1705 Loan Guarantee programs
, and is designed to work under the USDAâ s Section 9003 program, the DOEâ s 1703 program
the DOEâ s 1705 program and/or the USDAâ s B&I or REAP programs, depending on circumstan
es.
Also on hand to discuss new and innovative ways to help get algae out of the lab
and into commercial-scale production will be Dr. Brian Hampson of CalPoly, Marc
o Brocken of Evodos, Joseph Holroyd of LakeMaster Corp, Victoria Kurtz of Fluid
Imaging Technologies, Surijit Khanna of BARD Holding, OriginOil, Phykos, Dave Ph
ilbrook of Water Management Solutions, LLC, Dr. Matt Prufert of DRS Technologies
, Mark Hanson of Stoel Rives, Serge Randhava of United Technologies, Inc., Bill
Ramey of Novak Druce + Quigg, Sebastian Thomas of Parry Nutraceuticals, Bob Vita
le of Waterwheel Factory, Bob Weber of Sunrise Ridge Algae, and Will Thurmond of
Emerging Markets Online. Hank Gilbert will discuss his Fields to Pump Biofuels
Initiative, an initiative that can be implemented throughout the country. We wil
l conclude with field trips to a commercial-scale demo PBR that is in production
which was constructed with donated time and equipment, based on the years of re
search behind us, without any patents or licensing fees.
About National Algae Association:
National Algae Association is 501(c)6 formed to fast-track commercialization of
algae as an alternative fuel. NAA conferences provide platforms for open dialogu
e and collaboration among like-minded algaepreneurs. We and our presenters all e
ncourage constructive participation to help expedite the mission of fast-trackin
g commercialization. NAA realizes that it will take decades to develop best prac
tices and industry standards - the petroleum industry has been revising theirs f
or over 100 years - but, as with evolution of the petroleum industry, much of th
is will happen in the field, not in a lab. NAA brings research, business intelli
gence and market strategies together to develop this new resource into jet fuel,
biodiesel, biogasoline and bioplastics, nutraceuticals, pharmaceuticals, cosmet
ics, organic fertilizer, food and feedstock.
Contact:
Lisa Cohen
National Algae Association
The Woodlands, TX
281-543-1734
info@nationalalgaeassociation.com
http://www.nationalalgaeassociation.com/