WASHINGTON, July 20, 2012 /PRNewswire/ -- Leaf Clean
Energy Company (AIM-LEAF), the renewable energy and sustainable
technology investment firm, announced today that it is partnering
with Lehigh Technologies ("Lehigh"), a leading green materials
company, with a $5 million investment
as Lehigh continues to meet increasing demand for energy-saving
micronized rubber powders. Leaf led the
investment round and joined other leading investors in the
company.
"We are pleased to add Leaf Clean Energy to our existing
investor syndicate. Their approach to emerging sustainable
technologies is aligned with Lehigh's strategies in our core
markets. We are looking forward to working with
them to expand our geographic and industry reach," said
Alan Barton, Chief Executive Officer
at Lehigh Technologies.
"Lehigh is a compelling investment because they address a major
environmental problem with a product that has a great value
proposition for their customers. Leaf's mission
is to support companies that can achieve environmental
sustainability with economically viable business models," said Bran
Keogh, Executive Director of Leaf Clean Energy.
Lehigh Technologies' proprietary manufacturing process takes
end-of-life tire material and other post-industrial rubber material
and "upcycles" it into high quality, sustainable powders called
micronized rubber powders, or MRP. Lehigh's
micronized rubber powder can help companies achieve sustainability
goals, improve product performance, and deliver cost savings
without sacrificing the reliability that traditional raw materials
offer.
"Lehigh has the leading technology for addressing the resource
challenge of end-of-life tires, which amount to billions of pounds
every year," said Matthew Fedors,
Vice President of Leaf Clean Energy who will join Lehigh's Board of
Directors. "Customers are increasingly choosing
Lehigh's products in response to rising rubber and polymer prices,
combined with rising energy prices. We are
thrilled to partner with Lehigh Technologies and to add Leaf's
support as they continue to expand the business."
Lehigh's micronized rubber powders are used in tires, consumer
goods, building materials, and a variety of other consumer and
industrial applications. Lehigh is a late-stage
venture-backed company with a growing revenue
stream. In 2011, the company announced that over
100 million tires have been manufactured using Lehigh's micronized
rubber powder. Each pound of micronized rubber
powder included in a tire saves 0.8 gallons of oil and 10 kilowatt
hours of electricity.
About Lehigh Technologies
(www.lehightechnologies.com)
Lehigh Technologies is a leading green materials manufacturer that
turns end-of-life tire materials and other post-industrial rubber
into sustainable powders that are used in a wide range of
industrial and consumer applications. Lehigh is
headquartered in Tucker, GA and is
privately held and backed by leading investors in the US and
Europe. For
more information, please visit www.lehightechnologies.com.
About Leaf Clean Energy (www.leafcleanenergy.com)
Leaf Clean Energy Company is a renewable energy and sustainable
technology investment firm. The firm's
investment strategy utilizes a rigorous, hands-on, and disciplined
approach that draws from experience in operations, financing, and
regulatory policy. Leaf invests in emerging
growth companies and energy projects and has a diversified
investment portfolio in North
America. Leaf is listed on the London
Stock Exchange's Alternative Investment Market under the symbol
LEAF. Further information is available at
www.leafcleanenergy.com.
SOURCE Leaf Clean Energy Company