Gevo’s financial results missed the consensus estimate in both the March and June 2012 quarters, but management made claims of important victories. Gevo has won important decisions in the disagreement between Gevo and Butamax Advanced Biofuels over process technologies related to the production of isobutanol. Butamax had alleged infringement of its patents by Gevo and had attempted to halt Gevo’s continued progress through an injunction. Gevo recently took the offensive, asking a federal court for a declaratory judgment on the validity of a Butamax patent.
Gevo’s confidence extends beyond the court room. The Company has continued to line up technology and distribution partners as well as customers for its renewable chemicals products. Recent Gevo presentations include slides with a collection of impressive corporate logos - Sasol, Total, Toray, United Airlines and CocaCola among others.