Solix BioSystems Inc., (Solix) is the leading provider of integrated solutions and services that enable large scale cultivation of algae. Solix’s highly scalable, Lumian™ algal production systems enable large-scale, cost efficient production of crude algae products that are competitive with equivalent products derived from fossil fuels or produced from land crops. Solix works with partners in using its Lumian technology to produce products derived from algae. Solix’s Lumian Algae Growth System (AGS™) is Solix’s proprietary, cost efficient photobioreactors or Lumian panels, designed to maximize light penetration and the mixing of CO2 for optimized algae growth. Additionally, Lumian panels contain the algae (as compared to in an open pond) means they are ideally suited for the cultivation of genetically modified microalgae. Solix converts the algae biomass it produces at its Demonstration Plant into biocrude oil using its proprietary extraction process that removes the triglycerides from the biomass.