Alternative Energy Resources wins 2009 Deloitte Technology Fast 50 Rising Star Award

PR Log (Press Release) – Oct 20, 2009 – Alternative Energy Resources (AER), the alternative energy company which supplies bioethanol to the Irish market and is developing algae-fuel technology for the worldwide market, has been awarded the national ‘Rising Star’ Award at the 2009 Deloitte Technology Fast 50 Awards.

The Fast 50 Programme, now in its 10th year in Ireland, ranks the 50 fastest growing technology companies, operating for a minimum of 5-years, in the Republic of Ireland and Northern Ireland. The ‘Rising Star’ Award recognises younger technology companies with the fastest growth over the past three years.

On receiving the Award, John Travers, CEO, AER said, “I am delighted to accept the award on behalf of our wider team of colleagues and partners, who have enabled AER to grow successfully over the last three years and position us for future sustainable growth.”

AER, which is based in NovaUCD, the Innovation and Technology Transfer Centre, is a leading Irish alternative energy company with a world class performance record in three key areas; production and supply of sustainable biofuels in the Irish market, next generation biofuels research and development, alternative energy strategies for international energy companies and government agencies.

AER recently signed an exclusive worldwide licence with the National University of Ireland in Galway for technology which converts algae to fuel, following several years of successful development collaboration and investment from AER and Enterprise Ireland.

There were two winners of this year’s Rising Star category. AER was the Republic of Ireland’s winner, while Learning Pool, an e-learning provider for the public sector was the Northern Ireland winner.

The 2009 Deloitte Technology Fast 50 Awards took place last week in Clontarf Castle. The complete 2009 Deloitte Technology Fast 50 rankings is available via www.fast50.ie.

ENDS

20 October 2009