The company's enzyme process significantly increases the yield of oils, sugars, proteins, and other chemicals from algae, which can be used to produce bioethanol, biodiesel, and products for human nutrition, animal feed, and pharmaceutical industries. Unlike traditional biofuel feedstocks, algae does not compete with food crops and requires less fresh water during cultivation. AER has partnerships with global energy companies and is developing relationships with algae production facilities. The company is a spin-out of Alternative Energy Resources Ltd, a leading bioethanol supplier in Ireland. The management team has extensive experience in the renewable and conventional energy sectors.