NEWS RELEASE: P2 Science, Inc.
For More Information Contact: FOR IMMEDIATE RELEASE
Neil Burns: +1 (732) 303 -7164
CEO, P2 Science, Inc
Rob Bettigole: +1 (203) 401-4201
Managing Partner, Elm Street Ventures
December 7th 2011
Location: New Haven, CT
ELM STREET VENTURES OF NEW HAVEN, CT HAS PROVIDED FINANCING FOR THE FORMATION OF P2 SCIENCE, INC., A SURFACTANT COMPANY, UTILISING TECHNOLOGY LICENSED FROM YALE UNIVERSITY.
P2 Science is a newly formed company, using patent pending technology from the Yale Center for Green Chemistry and Green Engineering to develop and manufacture a new class of high performance surfactants, C-glycosides (CG’s). CG’s will find application in a range of consumer and industrial products such as detergents, personal care products, cosmetics, lubricants, hard-surface cleaners, emulsion polymers, mining and oilfield chemicals and many other areas. The new surfactants are mild in use, stable, customizable and manufactured in low energy intensive conditions. Patrick Foley, the lead Yale inventor in the c-glycoside field, is the company’s Chief Scientific Officer. Neil Burns, an executive with 20 years experience in the surfactant industry, is the company’s founding CEO.
P2 has set up a laboratory in New Haven to continue development of the initial surfactant product range and has commenced discussions with potential partners and customers in a number of key end-use markets. A detailed introduction of the novel technology will be made at the Society of Cosmetic Chemists (SCC) Annual Meeting in New York City, December 8th and 9th.
Elm Street Ventures, is an early stage venture capital firm based in New Haven, with a successful history of building businesses around Yale University technology . The Yale Center for Green Chemistry and Green Engineering has a mission to advance sustainability by catalyzing the effectiveness of the Green Chemistry and Green Engineering community. Neil Burns is currently Managing Partner of Neil A Burns LLC, an investment and advisory firm with a focus in surfactants and oleochemicals.