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/C O R R E C T I O N -- Silicon Valley Disposition/

In the news release, Silicon Valley Disposition to Host Two World Class Global Online Auctions the Week of May 18th, issued 14-May-2015 by Silicon Valley Disposition over PR Newswire, we are advised by the company that in the "Auction Details" section above the company boilerplates, the event dates have been changed for the "EnerVault" events. The paragraph now reads "Bidding for the auction will begin at 9:00 AM PST on Wednesday, May 27th and will begin closing at 11:00 AM PST on Thursday, May 28th, 2015. A preview of the assets is scheduled for Tuesday, May 26th from 9:30 AM to 4:30PM PST at 1244 Reamwood Ave, Sunnyvale, CA and at the demonstration facility in Turlock, CA." rather than "Bidding for the auction will begin at 9:00 AM PST on Tuesday, May 19th and will begin closing at 11:00 AM PST on Wednesday, May 20th, 2015. A preview of the assets is scheduled for Monday, May 18th from 9:30 AM to 4:30PM PST at 1244 Reamwood Ave, Sunnyvale, CA and at the demonstration facility in Turlock, CA." as originally issued inadvertently. The headline has also been updated to read "Silicon Valley Disposition to Host Two World Class Global Online Auctions in the Last Two Weeks of May" as opposed to "Silicon Valley Disposition to Host Two World Class Global Online Auctions the Week of May 18th" as originally issued. The complete, corrected release follows:

Silicon Valley Disposition to Host Two World Class Global Online Auctions in the Last Two Weeks of May

Auctions for all assets of two Silicon Valley-based clean technology firms: Biofuel producer, Cobalt Technologies and flow cell energy storage company, EnerVault.

SAN MATEO, Calif., May 14, 2015 /PRNewswire/ -- Silicon Valley Disposition (http://www.svdisposition.com) announced today that it will simultaneously run online auctions of all of physical assets from the head quarter facilities for Cobalt Technologies located in Mountain View, California and EnerVault located in Sunnyvale, California.  Both auctions will include late model research and development, electronic test and measurement and facility support equipment as well as servers and other IT assets.  

Founded in 2008, Cobalt Technologies was a start up that specialized in the creation of biobutanol using various cellulosic feedstocks such as corn cobs, treetops and limbs, and dead pine trees from pine beetles.  Cobalt was named to the Biofuels Digest "30 Most Transformative Technologies of 2010" and ranked first in the competitive biobutanol category.  Also in 2010, Governor Arnold Schwarzenegger paid a visit to Cobalt Biofuels and was quoted for saying, "Cobalt shows us that what is good for the environment can also be good for the economy."

EnerVault was also founded in 2008 to develop safe, reliable, cost-effective grid-scale, long-duration energy storage systems.  EnerVault's technology was based on the company's patented Engineered Cascade™ technology that transforms an inherently safe Redox Flow Battery chemistry into highly economic and reliable storage solutions.  The Company was awarded a $4.7 million grant from the Department of Energy under the stimulus program to develop a storage and photovoltaic project in Turlock, California.

The auction presents an ideal opportunity for companies in Semiconductor, Solar and Energy Storage, Biotechnology, and Electronics industries as well as general research and development organizations to purchase very well maintained, late model and refurbished, premier brand equipment at a discount.  In addition, general office equipment, including electronics, computer and networking hardware and office furniture will also be available through the auction.  The equipment being offered includes:

Cobalt Technologies

  • (8) Applikon BioTechnology EZ-Control Bioreactor Systems YR - 2012 P100742/96
  • Agilent 1200 series HPLC
  • (4) Thermo Scientific Dionex 3000 Ultimate
  • Carl Zeiss Microscope Model: 999-BECS-211
  • Complete Pilot Biobutanol Bioreactor System

EnerVault

  • ETM ElectroMatic DC Full Load Bank Model: E040 53-000 600V Current 300A
  • Cummins Generator 20KW/ 208V 304W PowerCommand 1300 (Engine #: L130613890) (2013) w/Power Command Transfer Switch
  • MOSEBACH DC Load Bank 208V 300KW 600 Model: XE300600DC (2014)
  • Proton Onsite Hydrogen Generator "Hogan" Model 54 0101-0037
  • (4) 20,000 Gallon Tanks
  • Kepco Power Supplies and large quantities of Electronic Test and Measurement Equipment
  • Yale & Toyota Fork Trucks

Interested parties can visit www.svdisposition.com for the entire sales catalogs of over 600 items - the complete facilities, with all lots included, are also being offered.  Registration is required in order to bid on assets as well as to receive regular updates. 

Auction Details:
Cobalt Technologies
Bidding for the auction will begin at 9:00 AM PST on Wednesday, May 20th and will begin closing at 11:00 AM PST on Thursday, May 21st, 2015.  A preview of the assets is scheduled for Tuesday, May 19th from 9:30 AM to 4:30PM PST at 500 Clyde Ave, Mountain View, CA.

EnerVault
Bidding for the auction will begin at 9:00 AM PST on Wednesday, May 27th and will begin closing at 11:00 AM PST on Thursday, May 28th, 2015.  A preview of the assets is scheduled for Tuesday, May 26th from 9:30 AM to 4:30PM PST at 1244 Reamwood Ave, Sunnyvale, CA and at the demonstration facility in Turlock, CA.

About Silicon Valley Disposition
Silicon Valley Disposition (www.svdisposition.com) is a global leader in the valuation and disposition of technology related manufacturing equipment utilizing innovative solutions such as crowd sourcing, data analytics and other proprietary strategies to provide the highest value to our customers worldwide.  The Company's primary focus and expertise is in assets and inventories found in technology related manufacturing facilities.  SVD's history, strength and equipment knowledge is centered on the following industries; Biotechnology, Electronic Test & Measurement (ETM), Information Technology (IT), LCD Display Manufacturing, Life Sciences, Printed Circuit Board (PCB) and Surface Mount Technology (SMT), Semiconductor Fabrication & Packaging, Solar Manufacturing, Smart Grid and Energy Storage.  Silicon Valley Disposition performs global online auctions and negotiated sales to provide the highest value to our customers through our vast network of international buyers and sellers.

 

Media Contact:

Sales Contact:

Kelly Krpata

Robb Jones

Chief Strategy Officer

Director of Strategic Accounts

(415) 244-7680

(831) 227-7200

[email protected]

[email protected]

 

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/silicon-valley-disposition-to-host-two-world-class-global-online-auctions-the-week-of-may-18th-300083687.html

SOURCE Silicon Valley Disposition

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