Ecovative Opens Second Manufacturing Plant in Troy, NY

New facility will advance Ecovative’s premium Mushroom® Packaging product and manufacturing innovation.

Green Island, NY– Ecovative is expanding its manufacturing with the opening of a plant in Troy, NY to produce its premium Mushroom® Packaging solution. From its new facility, the company will continue to supply customers with its high performing products while also continuing to innovate the specialized technologies designed to create Mushroom Packaging.

Ecovative will produce its blocking, bracing, and cushioning products, licensed to Sealed Air Corporation in North America as Restore® Mushroom Packaging, at the Troy facility. Ecovative employees will be producing this product on equipment custom-designed by Ecovative engineers.

“Our new Troy manufacturing plant will house the evolving technologies required to produce Ecovative’s innovative products at a scale necessary to meet our growing customer base. We are excited to bring more manufacturing to Troy and the region we call home,” Eben Bayer, CEO of Ecovative, said in announcing the company’s expansion.

Ecovative is maintaining its partnership with Sealed Air Corporation (NYSE: SEE), the leading packaging company in North America, which has partnered in the production of some Ecovative products for the past 3 years. Restore® Mushroom® Packaging will continue to be designed and sold through Sealed Air’s North American and global distribution networks.

At the 20,000 square foot facility, located at the Ross Valve Tech Park in the Troy neighborhood of Lansingburgh, Ecovative will convert its biological material grown at their nearby Green Island, NY facility into the final packaging product. The close proximity of the company’s two facilities, along with access to local agriculture suppliers, will allow Ecovative to meet its efficient supply chain goals.  Ecovative’s Troy plant, expected to be operational by mid-2015, will be the site for continuous improvement of manufacturing design, with a particular focus on energy efficiency and sustainability.

“As a sixth generation manufacturing company, founded in 1879, we share Ecovative’s commitment to Troy and the Capital Region.” said Andy Ross, CEO of Ross Valve. “Ecovative’s decision to move its sustainable manufacturing into the Ross Valve Tech Park in Troy will be an excellent addition to the community.”

Media Contact:

Melissa Jacobsen

media@ecovativedesign.com

518-720-3346

Your Product Ideas Come to Life with Ecovative’s “Grow It Yourself” Mushroom® Materials

Green Island, NY —

In the early stages of designing the Hy-Fi towers for MoMA’s Young Architects Program, David Benjamin, principle Architect of The Living, knew that he wanted to incorporate Ecovative’s renewable and award-winning Mushroom® Materials in the structure. After initial discussions, David made a trip to Ecovative headquarters in Green Island, NY to see the process in person.

David left that day with a few bags of live Mushroom Materials, and later returned to Ecovative with prototype bricks that he had designed and grown himself. After some further prototyping, David approached Ecovative to fine-tune, validate, and manufacture these bricks at scale. Three months and 10,000 bricks later, the 40 foot Hy-Fi tower is standing tall in the MoMA PS1 courtyard, and is helping to redefine the way building materials are viewed.

David had a vision for using Mushroom Materials, and Ecovative was able to bring that vision to life. Ecovative is excited to offer that same potential to you through our latest product offering, “Grow It Yourself” Mushroom® Materials.

The “Grow It Yourself” (GIY) product enables designers, artists, educators, and innovators to grow their own creations with Mushroom® Materials, just like we do at Ecovative. We hope to inspire the use of healthy, ultra-rapidly renewable, compostable materials in all kinds of products and projects.

The GIY kit includes bags of living Mushroom® Material, which is essentially the same raw material that we use to grow Mushroom® Packaging and other products. GIY growers can use this material to make their own new and exciting creations. In cases where a GIY customer has created a new product that needs to be produced at scale, Ecovative can help. Our production facility in Green Island, NY can replicate designs with a high degree of consistency and quality control.

David Benjamin reflects on his experience with GIY: “At The Living, we are both futuristic and immediate, working with both big ideas and with materials that we can get our hands on. Prototyping is a crucial part of our design process and Ecovative GIY was a great way for us to quickly explore options and get a feel for how this amazing new material works.”

The Hy-Fi tower by David Benjamin and The Living is the largest structure to-date made out of Mushroom Materials, but there are other designers currently creating exciting projects and products through the Grow-It-Yourself program. Designer Danielle Trofe is currently working with Ecovative’s Mushroom Materials to create the Mush-Lume and Mush-Bloom product lines. These high-end lampshades and plant holders made waves at their public launch during New York City’s Design Week. Also, David Purser and Daniel Del Toro of Surf Organic are growing an ocean-friendly Mushroom® Material surfboard aptly dubbed “El Portobello”.

These are just some of the many types of applications that Ecovative’s “Grow It Yourself” kit can be used for. This product will be available in the contiguous U.S. in September 2014. For more design inspirations and product information, and to be among the first in the world to access this amazing material, visit GIY.ecovativedesign.com.

Share what you would create with this product on Facebook or Twitter using #ecogiy. On August 1st we’ll pick 3 winners who will get a free Mushroom® GIY Kit – we can’t wait to see what you come up with.

Media Contact:

Melissa Jacobsen

518-273-3753 ext 1000

media@ecovativedesign.com

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

Buckminster Fuller Institute Honors Ecovative With Socially-Responsible Design’s Highest Award

challenge press release header

Green Island, NY, Oct 22 2013 – Today, Ecovative is honored to be selected as the winner of the 2013 Buckminster Fuller Challenge. Now in its sixth year, The Buckminster Fuller Challenge recognizes bold, visionary, creative initiatives that take a comprehensive, anticipatory, design science approach to radically advance human well-being and the health of our planet’s ecosystems. The award is named after one of the most important futurists and visionaries of the 20th century and has been called “Socially-Responsible Design’s Highest Award.”

Ecovative proudly received the news in a congratulatory phone call this week and will accept the award, including the $100,000 cash prize, at a public ceremony at Cooper Union in New York City on November 18, 2013 at 7:00 pm. Winning the Buckminster Fuller Challenge is a top honor for Ecovative’s team.

“We answered the Buckminster Fuller Challenge because we believe in the power of our people to make a real, positive impact,” said Gavin McIntyre, co-founder and Chief Scientist at Ecovative. “Today, Ecovative looks forward to further answering Bucky’s challenge, as we continue to innovate mycological biomaterials and reach an ideal state, with social and environmental values considered equally with economics.”

In its public statement, the Buckminster Fuller Challenge review team and 2013 jury highlighted Ecovative’s comprehensive approach to solving “one of the most urgent, truly global environmental and social justice crises of our time.” The Buckminster Fuller Institute specifically recognized Ecovative for its closed loop production system using nature’s principles, a model for 21st century social enterprise, a broad-reaching material platform, and its continued commitment to education.

[Ecovative’s] approach, from inception to production, is an extraordinary example of the core tenets of The Buckminster Fuller Challenge’s entry criteria, which require the winning solution to be comprehensive, anticipatory, ecologically responsible, feasible, replicable, and verifiable. From the materials science underpinning their work to the commitment to rewrite the rules regarding the structure and financing of a startup company, Ecovative is a ground-breaking enterprise.

Excerpted from a full statement from the Buckminster Fuller Institute

Join us in celebrating the 2013 Challenge on November 18th, 2013 hosted by the Buckminster Fuller Institute at The Cooper Union Institute for Sustainable Design. The evening will feature a presentation by Ecovative and a keynote address by architect and world-renowned sustainability leader, John Picard. And new this year—Dan Hendrix, CEO of Interface, Inc., will be awarding additional support to one of the four finalists!

The award ceremony is a public event; guests can RSVP at http://bfi.org/2013-ceremony

Unveiling the World’s First Mushroom® Surfboards

Green Island, NY, Sept 24 2013 – Ecovative to Unveil World’s First Mushroom® Surfboards

Next month, Ecovative, a New York based biomaterials company best known for its sustainable packaging materials, will reveal the first ever prototypes of Mushroom® Surfboards. Grown from patented material technology, the cores of these first generation boards are grown with Cradle to Cradle Gold Certified technology and made only in America. This new surfboard core technology will be on public display for the first time at The Boardroom Show in Costa Mesa, California, October 5th and 6th.

Ecovative’s Myco Foam material was first developed in 2007. Since its inception, Ecovative employees, customers, and fans alike have been dreaming of, and asking for, a surfboard made of Myco Foam.

Surfboard cores are typically shaped or molded from Expanded Polystyrene (EPS) or urethane foam. These petrochemical based materials are non-renewable, environmentally harmful, and will persist forever in a landfill. Rather than using traditional foamed plastic cores, Ecovative is growing replacement boards made of renewable materials.

With a core grown from agricultural waste and mycelium (the vegetative growth stage of a mushroom) these boards will eventually decompose when broken, discarded, or lost in the ocean, effectively reducing toxic marine debris. As an added bonus, Ecovative’s Mushroom® Surfboards offer a tunable stiffness to give surfers the options they desire.

Ecovative will premiere this radical new technology on Saturday, October 5th at The Boardroom Show in California. The Boardroom Show brings together “world-class surfboards, shapers, and the industry’s top brands showcasing the latest technology and design.” Ecovative will showcase its first generation surfboard blanks, and pursue collaboration with surfboard manufacturers to advance this sustainable technology.

For more information on Ecovative, please visit www.ecovativedesign.com
For more information about The Boardroom Show, please visit www.boardroomshow.com

Media Contact:
Melissa Jacobsen or Sam Harrington
media@ecovativedesign.com
518-273-3753

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