October 23, 2014 3:37 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Cellana, Inc.

Company Overview

Cellana, Inc., a renewable energy technology company, develops algae-based biofuels and bioproducts. It focuses on marine microalgae to produce feedstocks for biofuels, aquaculture feed, animal feed, cosmetics, industrial chemicals, and other products. The company involves in the production of algae oil and antioxidants/carotenoids, such as astaxanthan. Cellana, Inc. was formerly known as HR BioPetroleum, Inc. and changed its name to Cellana, Inc. on April 25, 2011. The company was founded in 2004 and is based in La Jolla, California. It has a facility in Kona, Hawaii.

7597 Eads Avenue

Suite A

La Jolla, CA 92037

United States

Founded in 2004

Key Executives for Cellana, Inc.

Chief Executive Officer and Director
President
Age: 47
Co-Founder and Member of Scientific & Technical Team
Controller
Compensation as of Fiscal Year 2014.

Cellana, Inc. Key Developments

Cellana, Inc. Signs Letter of Intent with Galil Algae for the Commercialization of High-Value Algae Biomass for Aquaculture and Other High-Value Applications

Cellana, Inc. announced that it has entered into a letter of intent with Galil Algae Cooperative Agriculture Society Limited with the objective of partnering for the production of high-value algae products for aquaculture applications. Currently, Cellana produces industrial-scale quantities of ReNew(TM) Algae -- high-value algae biomass rich in Omega-3 nutritional oils, proteins, fuel-grade oils, cosmetic-grade oils, acids, and polysaccharides, as well as other valuable micronutrients -- at its Kona Demonstration Facility in Hawaii. At its facility in northern Israel, Galil Algae currently produces a variety of whole-algae products that are rich in Omega-3s for aquaculture applications. The main goal of the program contemplated by the letter of intent is to identify, cultivate, develop and scale up algae strains with immediate commercial value, emphasizing the high-value components for existing aquaculture, mariculture, nutraceuticals, pharmaceutical and/or cosmetic applications. The starting points for the commercial venture are to include the existing high-Omega-3 algae strains of Cellana and Galil Algae, as well as (i) potential new and improved strains identified through non-GMO strain optimization techniques such as selective breeding and/or (ii) additional naturally occurring strains identified through bioprospecting. In addition, the letter of intent contemplates Cellana and Galil Algae exploring the establishment of a new algae research and development center in northern Israel. This new R&D center, together with the R&D activities to be undertaken at Cellana's facility in Hawaii, would be a focal point for the development and testing of new or optimized strains of high-value algae biomass.

Cellana, Inc. Presents at Southern California Investor Conference, Aug-08-2013 10:00 AM

Cellana, Inc. Presents at Southern California Investor Conference, Aug-08-2013 10:00 AM. Venue: Island Hotel, Newport Beach, California, United States. Speakers: Martin Sabarsky, Chief Executive Officer and Director.

Cellana and Neste Oil Enter into Multi-Year, Commercial-Scale Off-Take Agreement for Algae Oil Feedstock for Biofuels

Cellana announced that it has entered into a multi-year off-take agreement with Neste Oilfor commercial-scale quantities of Cellana's ReNew(TM) Fuel algae oil feedstocks for biofuel applications. Under the agreement, Neste Oil has committed to purchase crude algal oil produced by commercial-scale algae biorefineries that Cellana is developing worldwide. The agreement is contingent on Cellana's future production capacity and on compliance with future biofuel legislation in the EU and US, among other factors. The agreement between Cellana and Neste Oil is non-exclusive and allows each company to enter into additional agreements with other parties. This agreement supports Cellana's three-product biorefinery business model and will allow Cellana to accelerate its remaining off-take agreements for animal feed and Omega-3 nutritional oils.

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