DOCX

World Gold Council Press Release

By Emma Martin,2014-08-10 06:55
5 views 0
World Gold Council Press Release

    London 30 June 2011 Location and date

    First gold-based emissions control technology in commercial production with potential to reduce emissions by up to 25% The World Gold Council provides further support to Nanostellar, the developer of the technology

    Nanostellar Inc., a Silicon Valley developer of advanced materials, has completed the commercialisation of a gold-based catalyst, NS Gold?, which is now in production

    with one of the four largest European diesel car manufacturers. The World Gold Council has provided an additional investment which will help the company to accelerate wider commercial adoption of NS Gold?.

    The inclusion of gold provides significant benefits for diesel vehicle manufacturers, providing emission reductions of up to 25%, manufacturing cost reductions, or alternatively improved fuel economy. Catalytic converters in cars and trucks use precious metals, such as platinum, to catalyse the oxidation of harmful by-products in the engine exhaust, and thereby reduce noxious emissions. The potential to use gold in this type of application has long been considered by the industry, but until Nanostellar’s breakthrough the technical challenges concerning catalyst durability

    prevented its use. Following rigorous performance and durability testing, the NS Gold? catalyst has proven to be fully compliant with the current European vehicle emissions standards (Euro-5).

    Dr Richard Holliday, Director, Technology at the World Gold Council, said: This is one of the most advanced and exciting applications of gold in technology, with the potential to address stricter legislation on reductions in engine emissions cost-effectively, while broadening the technological uses for gold. We look forward to continuing our strategic partnership with this cutting-edge, innovative company and sharing our expertise to help spur further progress in other technologies.”

    Nanostellar, which was recognised by the World Economic Forum as a Technology Pioneer in 2008, has led the way in the use of gold in diesel emission control systems and has been supported in its commercial application by the World Gold Council since its first investment in the company in late 2007.

    Pankaj Dhingra, CEO of Nanostellar, commented:

    We welcome the continued support of the World Gold Council. The performance

    benefits, durability and manufacturability of NS Gold? based diesel oxidation

    catalysts have now been proven. In addition, the application of Nanostellar’s materials

    design process, Rational Design, has provided us with a pipeline of exciting new materials that are undergoing durability tests. The World Gold Council’s continued

    support puts Nanostellar in a stronger position to accelerate the adoption of the NS Gold? catalyst beyond our lead customers.

In its recent publication, Gold : The hidden element in innovation, the World Gold

    Council describes how it helps to reduce the time it takes for gold-based innovations, like NS Gold?, to reach the market. The World Gold Council will continue to play a

    key role in the commercialisation and marketing of this and other gold-based technologies in the future.

    The Gold : The hidden element in innovation report can be viewed at:

    www.gold.org/media/.

ENDS

For further information please contact:

     Stephanie Mackrell Nathan Williams

    World Gold Council Capital MSL

     T +44 20 7826 4763 T +44 20 7307 5343

    E stephanie.mackrell@gold.org E nathan.williams@capitalmsl.com

Note to editors:

World Gold Council

    The World Gold Council is the market development organisation for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, our purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.

    We develop gold-backed solutions, services and markets, based on true market insight. As a result, we create structural shifts in demand for gold across key market sectors.

    We provide insights into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

    Based in the UK, with operations in India, the Far East, Turkey, Europe and the USA, the World Gold Council is an association whose members include the world’s leading and most forward thinking gold mining companies. For further information visit www.gold.org.

    Nanostellar Nanostellar develops advanced catalysts for an array of applications that include emissions control, energy efficiency, and the synthesis of chemicals and fuels. These solutions are developed using the company's innovative and proprietary Rational Design methodology. This methodology incorporates computational models, algorithms and subject matter expertise in nano-materials and advanced synthetic chemistry. The company has commercialised its first product in diesel vehicle emissions control and is in the pre-commercial testing phase with its second emissions control product. Its pipeline includes catalysts for non-automotive applications such as hydrogen peroxide production, synthesis gas (syngas)

reformation and waste-heat recovery systems. These solutions satisfy essential market needs such as complying with emissions control standards at lower cost, reducing harmful by-products of industrial processes, cost-effectively generating alternative fuels, and increasing energy efficiency for heating and cooling. In 2008 the World Economic Forum recognised Nanostellar as a Technology Pioneer, an honour it bestows on approximately 30 companies every year. These companies represent some of the most cutting edge start-ups from around the globe whose innovations are expected to have a critical impact on the future of business and society. Nanostellar is also named as a top emerging catalyst company by Lux Research, an independent research and advisory firm providing strategic advice and on-going intelligence on emerging technologies. The company is located in Silicon Valley, California, and is funded by venture capital and other private investors. It was founded in 2004 by scientists from Stanford University and NASA Ames Research Center. For more information, visit www.nanostellar.com.

Report this document

For any questions or suggestions please email
cust-service@docsford.com