Ecovative to Present Latest Building Developments at Greenbuild

Green Island, NY, November 20, 2013–

Ecovative, the New York-based biomaterials company best known for its home-compostable Mushroom® Packaging, today presents two developing applications in building and construction markets. Myco Foam and Myco Board will be showcased at Greenbuild in Philadelphia November 20th– 22nd.

Myco Foam is a cost-competitive, naturally fire-resistant alternative to standard foam board insulation that does not use any petrochemicals or VOCs. Myco Foam can be used for Grow-In-Place Insulation, where Ecovative’s materials grow and bind to the inside of a wall cavity, providing rigid structural insulation without thermal bridging. Myco Foam can also be used for insulated sheathing within a structure. Since there are no blowing gasses, the aged R-value of Myco Foam will not decrease like it will for many types of plastic foam insulation. Myco Foam’s use as Mushroom® Insulation has been acknowledged by Popular Science’s 2013 Best of What’s New and the Cradle to Cradle Product Innovation Challenge.

Myco Board is an alternative to engineered wood that is comprised of waste streams, uses no formaldehydes, and does not emit VOCs. At the current stage of development, the strength to weight ratio is comparable to engineered wood and composite materials commonly used today. Additionally, this biomaterial can be grown to adhere to wood veneers and facing materials with no need for toxic adhesives. Part of Ecovative’s platform involves growing custom-molded shapes, avoiding the waste of materials in milling and post-processing.

Both Myco Foam and Myco Board are grown from Ecovative’s patented mushroom technology. By combining mycelium and agricultural waste, Ecovative provides high-performance and cost-competitive materials that are safe and sustainable for people and our planet. In its 2013 Challenge, the Buckminster Fuller Institute honored this vision for growing materials, following ecological principles, and a commitment to social and economic equality.

Ecovative will premiere these radical new building technologies on Wednesday, November 20th at Greenbuild in Philadelphia. Organized by the US Green Building Council, “Greenbuild brings together industry leaders, experts and frontline professionals dedicated to sustainable building in their everyday work, and a unique energy is sparked.” Ecovative will showcase Myco Foam and Myco Board, and pursue collaboration with manufacturers to advance this sustainable technology.

For more information on Ecovative, please visit www.ecovativedesign.com
For more information about Greenbuild, please visit www.greenbuildexpo.org

Media Contact:
Melissa Jacobsen
media@ecovativedesign.com
518-273-3753 ext 1000

Ecovative and Fortifiber Building Systems Group Form Strategic Partnership to Develop and Sell Environmentally Responsible Insulated Sheathing

Ecovative Design LLC, 70 Cohoes Avenue, Green Island, NY 12183

Fortifiber Building Systems Group, 300 Industrial Dr., Fernley, NV 89408

For Immediate Release

FERNLEY, NV and GREEN ISLAND, NY – November 15, 2013 – Ecovative Design LLC and Fortifiber Building Systems Group® today announced a strategic partnership to develop and sell insulated sheathing boards made from Ecovative’s unique Myco Foam, which combines crop wastes and naturally grown mycelium As part of the agreement, Fortifiber will be the exclusive licensee for the products in the United States. Other terms are not disclosed.

As the green building movement has taken hold, many builders are focused on ways to improve the R-value of a structure’s walls but have been hesitant to use ecologically harmful materials like polystyrene foams. This new product will provide comparable insulating performance and structural support while avoiding harmful chemicals and focusing on the complete building lifecycle. Ecovative’s Myco Foam is Cradle to Cradle CertifiedCM Gold, a certification mark licensed by the Cradle to Cradle Products Innovation Institute.

“Until now, builders have had to compromise their ecological objectives in order to construct a building with great energy efficiency,” said Chris Yount, President of Fortifiber. “Our customers have continually looked to us to deliver a durable and efficient structure that bears in mind the true lifecycle cost of the building.”

“Our goal has been to expand the sustainable advantages of Myco Foam to the building industry,” said Eben Bayer, CEO of Ecovative. “This partnership allows us to quickly launch into a new market with a company that has led construction innovation for 75 years.”

Alongside Fortifiber, Ecovative is testing the performance of Myco Foam with in-house and third-party laboratories. The companies expect to launch a product at the International Builders’ Show® in February 2014. Ecovative will also present a number of innovative new materials at the Greenbuild Expo, booth #2205, November 20-22, 2013.

About Ecovative

Founded in 2007, Ecovative is a materials science company developing a new class of home-compostable bioplastics based on mycelium, an organism akin to a living polymer. Ecovative’s high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials. Ecovative was incubated at Rensselaer Polytechnic Institute. Rensselaer, together with 3M Company and the DOEN Foundation, are significant investors in Ecovative. Ecovative has been recognized with numerous international awards for sustainability and “green” technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland, as well as the 2013 winner of the Buckminster Fuller Challenge, and the Cradle to Cradle Products Innovation Prize. Ecovative’s growth has been fueled by grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance. For more information, visit www.ecovativedesign.com, and follow @ecovative on Twitter.

About Fortifiber Building Systems Group

Fortifiber Building Systems Group has earned a solid reputation for technical expertise, practical know-how and responsiveness to the needs of the building industry by providing Moisture Control Systems that help protect builders and owners from moisture related problems that can damage residential and commercial buildings. Over its 75-year history, the company has become a trusted partner in the effort to solve moisture related building problems, and a valued advisor to building code officials in local communities on construction issues. For more information, visit www.Fortifiber.com, and follow @Fortifiber on Twitter.

For More Information Contact:

Pat Maye

Fortifiber Building Systems Group

(775) 333-6400

pmaye@fortifiber.com

Sam Harrington

Ecovative

(518) 273-3753 ext. 1004

sam@ecovativedesign.com

Ecovative Raises Over $14 Million of Equity Capital

Green Island, NY, November 5, 2013 – Ecovative Design LLC, a Green Island, New York-based company, announced today that it has raised over $14 million in equity financing from new and existing investors, including existing investors the DOEN Foundation and 3M Company. Terms were not disclosed.

Ecovative uses its patent protected mycelium-based technology to grow 100% home-compostable, cost and performance competitive composites that replace plastic foams currently used in products such as protective packaging, automotive components, building and construction materials, shoes, and floral foam, among other applications. In addition, Ecovative has leveraged its mycelium expertise to develop a high performing, cost competitive and lighter weight engineered wood replacement that eliminates the need for expensive and toxic glues currently used in existing engineered wood products.

“Ecovative has taken a disruptive concept for growing cost effective bio-materials and developed an award-winning product, Mushroom® Packaging,” said Eben Bayer, CEO and Co-Founder of Ecovative. “As we continue to scale this technology in the U.S. with our licensing partner Sealed Air, we look forward to opening our material platform to multiple new markets, including building materials, automotive components, and structural cores. Ecovative is extremely proud of our investors, who are supporting our vision and represent a unique shareholder mix of both mission and profit oriented stakeholders.”

Ecovative, together with Sealed Air Corporation, recently announced the opening of a new facility in Cedar Rapids, Iowa, to support the growth of its Restore™ Mushroom® Packaging business in North America. Ecovative intends to launch additional protective packaging facilities in Europe and Asia and is actively seeking strategic partners .

About Ecovative

Founded in 2007, Ecovative is a materials science company developing a new class of home-compostable biomaterials based on mycelium, an organism akin to a living polymer. Ecovative’s high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials. Ecovative was incubated at Rensselaer Polytechnic Institute. Ecovative has been recognized with numerous international awards for sustainability and “green” technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland, as well as the 2013 winner of the Buckminster Fuller Challenge. In addition to capital financing, the growth of Ecovative’s materials science technology has included grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance. For more information,visit http://www.ecovativedesign.com and follow @ecovative on Twitter.

Media Contact:
Melissa Jacobsen
518-273-3753 x1000
melissa@ecovativedesign.com