(Denver, CO, 7 November 2007) - Speaking before the 20th NREL Industry Growth Forum in Denver, Colorado, Mr. Bruce W. Ferguson, Chairman, President and Chief Executive Officer of Edenspace Systems Corporation, today announced the closing of a $10 million financing package to support development of the company's innovative Energy Corntm and other enhanced crops for production of low-cost cellulosic ethanol.  The funding includes proceeds from the sale of Series A Preferred Stock, state and local financial incentives, and financing for a new energy-efficient, state-of-the art plant biotechnology facility at the company's planned headquarters in Junction City, Kansas that will support Edenspace's rapidly-growing development team.  The Series A round was led by the Kansas Technology Enterprise Corporation.  

Edenspace seeks to introduce improved crop feedstocks to reduce the downstream processing costs of cellulosic ethanol.  With funding from a 2006 grant from the U.S. Department of Energy ("DOE") under the Biomass Research and Development Initiative, the company leads an Energy Corntm Consortium that is developing new varieties of corn optimized for production of renewable fuels.  The Consortium's development program integrates three core elements: (i) identification and testing of superior enzymes; (ii) rapid development of corn feedstocks bred specifically for ethanol production from corn leaves and stems (stover), and (iii) the ability to use existing facilities and equipment at current starch ethanol production plants.  Successful completion of the project is expected to reduce today's high capital equipment, materials, energy, and disposal costs for cellulosic ethanol, as well as increase ethanol yields per acre, reduce CO2 emissions and pollution from fossil fuels, increase energy independence, and raise rural and farm incomes.  The company has augmented its development efforts through development agreements with key partners at DOE's National Renewable Energy Laboratory (Golden, CO), Michigan State University (East Lansing, MI), Oklahoma State University (Stillwater, OK), ICM, Inc. (Colwich, KS) and the U.S. Department of Agriculture's Western Regional Research Laboratory (Albany, CA). 

Headquartered in Dulles, Virginia, Edenspace Systems Corporation is a commercial leader in the use of plants for renewable fuels and environmental applications. The company received the Environmental Business Journal's Technology Award in 2004 and the DaimlerChrysler Environmental Excellence award in 1999.  With expertise in plant science, environmental and soil science, genetics and agronomy, Edenspace is developing innovative, sustainable technologies to fulfill energy needs, improve human health, protect property values and restore the environment.