The Novo technology portfolio has a tremendous track record. The ACS technology has been selected for nearly 80 percent of the waste-to-energy (“WTE) installations in the United States over the past 15 years! There are also more than 40 WTE installations of the Novo APC system in waste combustion facilities throughout the world. As a result of the successful commercial track record of its technology, as well as the company’s strong management team, Novo was selected by US Renewables Group in 2008 to form Novo Development Company, LLC (“NDC”). NDC develops solid fuel based renewable energy projects that employ the Novo technology with equity financing through USRG.