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Vista Partners Updates Coverage on Algae.Tec Limited; Target Price USD $10.80

SAN FRANCISCO, CA -- (Marketwire) -- 12/10/12 -- Vista Partners announced today that it has updated coverage on Algae.Tec Limited (OTCQX: ALGXY) (ASX: AEB) ("The Company" or "AEB") with a twelve month target price of USD $10.80. Ross Silver, Principal Analyst at Vista Partners, stated, "Algae.Tec and Lufthansa have signed a Collaboration Agreement for the construction of a large-scale algae to aviation biofuels production facility. In addition, the Company has numerous memorandums of understanding (MOU) with other companies such as Holcim, one of the world's largest cement and building materials producers." Mr. Silver continues, "Algae.Tec's method seems to enjoy certain advantages to current alternative algae-to-biofuel competitors, such as Solazyme (ticker: SZYM), which use a heterotrophic system to grow its algae, meaning the algae grows in the dark, fed by plants that have already undergone photosynthesis, and therefore are costly, time consuming and relatively fragile."

To read more, please download a FREE copy of the Algae.Tec Limited research report available at http://www.vistapglobal.com. Click the "Download Research" icon to gain access to the report.

About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking.

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