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The list of milestones below details how Aquatic has assembled a world-class team of commercial algae experts, university partners, and industry leaders.

MILESTONES:

2006

	Extensive R&D performed on algae strains in conjunction with biochemist at the U.S. Naval Academy in Maryland
	Site locations examined throughout the United States and abroad before selecting southwestern Louisiana as the optimal location for test facilities and eventual commercial production
	Biofuel operations from poultry fat sold and company focus directed entirely to algae as the source of second generation biofuels

2007

	Partnership agreement signed with Dr. Philippe Vandevivere - experimental phycologist to develop and isolate initial algal strains; joins Aquatic Energy Board of Advisors
	Two acre pilot site established in Louisiana maintaining algae monoculture on two 1,000 sq. ft. ponds
	Signed agreement with JatroDiesel for development of oil extraction processes and off- take oil agreement

	Hired Dr. R. Ravikumar as lead scientist and phycologist for Louisiana operations
	JatroDiesel tests and verifies sustainable algal lipid content yields of 19%

2008

	Process Patent filed for Aquatic’s algae growth, harvesting, and extraction techniques
	Dr. Russ Chapman, Executive Director, Center for Marine Biodiversity and Conservation, Scripps Institution of Oceanography, UCSD, joins Board of Advisors and visits test facilities in Louisiana;
	Polaris Engineering begins construction engineering for 250HA Louisiana facility;

	Tyson Foods tests and verifies algal meal protein content of 39% (comparable to highest quality animal feedstocks);
	Tyson Foods tests and verifies algal oil omega-3 fatty acid content of 26%, demonstrating a portion of Aquatic’s algal oil can be sold into higher value Omega 3 markets
	William Estes joins Aquatic Energy as Chief Construction Manager. Estes' 30 years experience in agriculture, waste-water treatment construction, ethanol refineries and project management makes him ideal to lead construction for Aquatic’s pilot and commercial construction phases

Established test pond on Oberlin site in order to demonstrate water, soil quality, construction methods, and algal growth

2009

	Research partnership established with University of Louisiana at Lafayette (UL-L) in order to test and optimize types and quantity of solvents used in Aquatic’s algal oil extraction processes
	Partnership established with Louisiana State University (LSU) to begin planning and formation of phycology training for students that will serve Aquatic’s need for employees with algae growth and culturing knowledge.
	Research partnership established with LSU Agricultural Center (LSU-AC) to begin testing of algal meal for use as high protein animal feed

AQUATIC ENERGY FUTURE MILESTONES AND OPERATIONAL PLAN:

2009 - 2012

	Construct and operation Louisiana 30 acre algae farm and facility to showcase technology.
	Engineering and planning for 2,500-acre (1,000HA) commercial algae farm and facility.
	Construction and operation of first commercial algae farm and facility to showcase profitable operation of Aquatic’s algae technology and business model.

Partner with strategic energy investor for further expansion of algae production in Louisiana in order to meet market demand.

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