Agreement provides Synova with a committed financing partner to scale
projects; FullCycle receives pipeline of high-impact opportunities

MAASSLUIS, The Netherlands–(BUSINESS WIRE)–Synova Power, a developer and supplier of waste gasification technology
and projects, and FullCycle, an investment firm that backs companies –
and their projects – to accelerate the deployment of proven,
climate-restoring technologies, announced today an Investment Master
Agreement (IMA) to scale Synova’s cutting-edge technology through new
and expanded projects across the globe. The IMA provides FullCycle with
a right of first refusal to invest in Synova’s transformative projects
totaling $1 billion in equity, and it ensures Synova will have a
committed financing partner as it enters the next stage of the company’s
growth.

Synova, which launched in 2012, utilizes its proprietary MILENA and OLGA
technologies to offer communities around the world a clean and
responsible way to dispose of waste. This highly sustainable
waste-to-energy engagement brings enduring benefits that limit waste
disposal, reduce greenhouse gas emissions, and improve people’s
lifestyles. FullCycle, led by Ibrahim AlHusseini, first invested in
Synova in 2013.

“Our continued partnership with FullCycle positions us to double-down on
our current projects in the United States, Thailand and the Netherlands,
and source new opportunities across the globe,” said Christian
Jacqui, Chief Executive Officer of Synova. “The agreement signed
today validates our model, our technology, and our vision to build a
healthier, more sustainable planet.”

“Solving the climate crisis is the most urgent challenge facing the
world, which is why we are so proud to build on our partnership with the
talented team at Synova,” said Ibrahim AlHusseini, founder and
CEO of FullCycle. “This new agreement will make it possible to
accelerate the deployment of Synova’s leading technology to reduce
waste, limit greenhouse gas emissions, and make the world a more
habitable place.”

This IMA between Synova and FullCycle also secures the development and
production of Synova’s modular, pre-fabricated flagship technology which
can be integrated into existing plants or installed into new locations
around the world. More information about Synova investment opportunities
and biomass gasification and energy production technology can be found
at Synovapower.com.

About Synova Power

Synova Power is both a technology supplier and developer of
next-generation waste-to-energy projects, with a special focus on
integrated gasification combined cycle (“IGCC”) plants for power and
clean renewable feedstocks for liquid fuels or specialty chemicals.
Synova is developing a pipeline of waste-to-energy and biomass plants
from its two primary offices, based in the Netherlands and Thailand.
Through its wholly owned subsidiary, Synova Renewable Technology (SRT) –
formerly known as Dahlman Renewable Technology (DRT), which developed
and operates MILENA® gasification and OLGA® syngas cleaning proprietary
technologies, Synova both sells equipment and develops projects across
the globe.

About FullCycle

FullCycle is an investment firm creating the world’s most efficient
platform to solve the climate crisis. By backing companies, and
their projects, to accelerate the deployment of proven,
climate-restoring technologies, FullCycle is taking immediate action to
reverse the effects of climate change – with compelling
financial returns for investors. The strategy of working with companies
leveraging commercially-viable technologies across multiple
infrastructure projects results in stable cash flow from projects as
well as the appreciation in the value of the portfolio companies
themselves.

Contacts

Richard Mills, richardmills@synovapower.com;
FullCycle@SKDKnick.com