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Open Therapeutics LLC Buys Majority Stake of Pilus Energy Subsidiary from Tauriga Sciences, Inc.

January 05, 2017 03:03 PM Eastern Standard Time

CINCINNATI--(BUSINESS WIRE)--Open Therapeutics™ has purchased an 80 percent majority stake in Tauriga Sciences, Inc.’s wholly-owned subsidiary, Pilus Energy LLC, according to Jerome Hamilton, CEO of Open Therapeutics. Tauriga Sciences, Inc. is engaged in building businesses in the life sciences space. Following its acquisition, Open Therapeutics plans to continue the development of Pilus Energy’s proprietary technology with the goal of commercialization, says Hamilton. The technology involves removing bacteria from water and converting the bacteria into energy. Hamilton says that Open Therapeutics is looking at the agreement with Tauriga as a means of creating the potential for Pilus Energy to become successful in commercializing its technology:

Pilus Energy harnesses genetically enhanced bacteria in a scalable electrogenic bioreactor and harvests the electricity and biogases from their metabolism of organics like those found in wastewater.
As of December 27, 2016, Pilus Energy LLC operates as a subsidiary of Open Therapeutics LLC.

Information

• Website: http://pilusenergy.com
• Location: Covington, United States

Taxonomy

• Bioreactor
• Bioreactors & Processes
• Energy
• Biogas