Startup LS9 denies it is shutting down

01/24/2013 | GigaOm

Biofuel startup LS9 appointed a new CEO and underwent restructuring in the last quarter of 2012 but is not closing shop, a spokesperson said. The company reduced its workforce as part of the restructuring but is now prepared to forge ahead, the spokesperson said. LS9 opened a demonstration-scale facility in Florida last year and an office in Brazil in 2011.

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