Orlando, FL (September 30, 2024) — Avalon Park Group has announced that its entity CultivateAI has been acquired by Gevo, Inc. (NASDAQ: GEVO) and will be integrated into Gevo’s wholly owned subsidiary, Verity. This strategic move aims to accelerate the growth and business development of Verity, combining agricultural data solutions with Verity’s advanced carbon accounting and tracking technologies.

Under the Avalon Park Group, Inc. corporate umbrella,CultivateAI has established itself as a leader in agricultural data, offering clients a robust software-as-a-service (SaaS) platform designed to provide real-time analytics for informed decision-making. This integration with Verity will allow the enhancement of quality of data-driven solutions for carbon abatement in food, feed, fuels, and industrial markets, while continuing to support farmers in improving their operations, sustainability, and profitability.

CultivateAI’s innovative cloud-based platform empowers farm operators, agronomists, ag-service providers, and researchers to make data-driven decisions with real-time insights. With Verity’s commitment to tracking, verifying, and empirically valuing carbon intensity across the entire carbon lifecycle, this acquisition enables a broadenedreach and service offerings, bringing value to clients both inside and outside the biofuel sector.

“CultivateAI’s journey has been marked by relentless hard work and dedication, making it a valuable partner for Verity as they elevate their data-driven solutions for farms,” says Beat Kahli, President & CEO of Avalon Park Group and former owner of CultivateAI. “We are confident that this integration will drive further innovation and success in the agricultural sector.”

About CultivateAI
CultivateAI is a cloud-based, mobile platform that offers real-time analytics to help agricultural operations increase production, manage risk, and maximize profitability. With a focus on providing trusted insights, we empower clients to make informed, data-driven decisions for a more sustainable future. For more information on CultivateAI,visit https://www.cultivateagi.com.

About Avalon Park Group

Avalon Park Group is a uniquely diversified family of companies engaged in businesses ranging from master-planned community development to health care and wellness services, mining, co-working and property management, in Florida, Texas, and Switzerland. With more than $1 billion in total assets, Avalon Park Group combines its exceptional reputation, sound business experience, and significant financial resources to invest in extraordinary opportunities. At Avalon Park Group, our mission is to change the way the world lives, learns, works, and plays by creating healthy sustainable communities and every aspect thereof. For more information on Avalon Park Group, visit www.AvalonParkGroup.com or call 407-658-6565.

Media Contact: Stephanie Lerret, Avalon Park Group, 407-427-6073.