Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 101

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 101
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potential, while producing hydrocarbon liquids and gases as raw materials for the petrochemical industry which can

be directly or indirectly used into virgin polymer supply chains have greater market potential. Refinity believes that

its fluidized bed processing technology can utilize mixed plastic waste with minimal sorting and pretreatment, so

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Refinity expects to enable better economic viability than competing processes. The resulting hydrocarbon liquid

(e.g., naphtha substitute) and gas (e.g., olefins including ethylene and propylene) products can be fed directly into

the existing olefins supply chain, providing access to large end markets. Refinity believes that the greatest

competitive advantage of our fluidized bed technology versus other competing thermochemical conversion

technologies and companies is higher yield of plastic waste to drop-in chemical products. Compared to pyrolysis

conversion of plastic waste to pyrolysis oil, Refinity believes that its fluidized bed process yield to hydrocarbon

liquids will be 30-50% higher.

Intellectual Property

AeroFlexx is commercializing a liquid packaging technology that was initially developed by P&G. P&G

granted AeroFlexx a worldwide license under an Amended and Restated Patent and Know-How License Agreement

dated October 25, 2021, between P&G and AeroFlexx for a proprietary flexible package using an air frame and an

integrated valve or closure, along with methods of manufacturing. AeroFlexx has developed and owns IP for

trademarks and in improvements solely developed by AeroFlexx to the package around materials and recyclability,

and those improvements are in the form of AeroFlexx trade secrets and issued and pending patents.

Refinity is in the process of developing a comprehensive IP strategy that will build upon the portfolio of

advanced recycling of mixed plastic waste patents and patent applications exclusively licensed from VTT.

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MANAGEMENT

Our Board of Directors

Class I Directors

Gregory William (“Bill”) Haskell , 68, is Innventure’s CEO and a Class I director. Mr. Haskell previously

served as Chief Executive Officer and Manager of Innventure LLC from 2021 until 2024. Prior to his time with

Innventure LLC, he was a co-founder and President of both XL Vision and XL TechGroup (“XLTG”), which

created the foundational business building methodology upon which Innventure is based, from 1993 to 1999 and

2001 to 2011, respectively.