Amyris Announces Long term, Multi-Million-Dollar Collaboration in Cosmetic Active Ingredients with Givaudan
June 28 2016 - 12:00PM
Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company,
today announced a new collaboration in the field of cosmetic active
ingredients with Givaudan (SIX:GIVN), a leading global flavors and
fragrances company. The two companies have been engaged in the
research and development of proprietary fragrance ingredients for
several years, and the significantly expanded partnership
reinforces the diversity and value of Amyris’s R&D platform and
manufacturing capabilities to customers demanding high performance,
cultured ingredients. During the multiyear collaboration, Amyris
will use its industry-leading strain engineering platform to design
cosmetic active targets, and scale them up for global
commercialization at Amyris’s manufacturing facility in Brotas,
Brazil. The companies anticipate the launch of the target products
in the coming years will demonstrate significant performance, cost
and sustainability advantages over existing ingredients.
"We are very pleased with our ongoing partnership with Amyris.
As our company continues to look for innovative and sustainable
solutions to availability and cost challenges, we are expanding the
relationship to apply Amyris’s technology to a whole new field,"
said Maurizio Volpi, President of Givaudan’s Fragrance Division.
"This partnership will derive synergistic benefits from Givaudan’s
deep understanding of the Active Beauty area and Amyris’s world
class biotechnology platform."
"We are excited to be working with Givaudan to solve supply
challenges and deliver sustainable innovation in cosmetic actives.
We are very pleased with the Givaudan commitment to innovation and
its leadership in delivering breakthrough advancements in Active
Cosmetics," said John Melo, Amyris President & Chief Executive
Officer. "The collaboration validates, once again, our belief that
Amyris offers its customers the fastest time to market from target
identification to production of multiple tons of high quality
ingredients via its disruptive approach toward meeting partners’
requirements. We are making our planet better, delivering consumers
cultured ingredients that are better for them while improving our
partners’ business performance."About AmyrisAmyris
is the integrated renewable products company that is enabling the
world’s leading brands to achieve sustainable growth. Amyris
applies its innovative bioscience solutions to convert plant sugars
into hydrocarbon molecules, specialty ingredients and consumer
products. The company is delivering its No Compromise® products in
focused markets, including specialty and performance chemicals,
fragrance ingredients, and cosmetic emollients. More information
about the company is available at www.amyris.com.
Forward-Looking Statements
This release contains forward-looking statements, and any
statements other than statements of historical facts could be
deemed to be forward-looking statements. These forward-looking
statements include, among other things, statements regarding future
events (such as the expected results of the collaboration,
including the design and scale up of targets, the anticipated
timing of the launch of target products under the collaboration,
anticipated performance, cost and sustainability advantages of
target products under the collaboration over existing ingredients,
and expected synergistic benefits from the collaboration) that
involve risks and uncertainties. These statements are based on
management’s current expectations and actual results and future
events may differ materially due to risks and uncertainties,
including, among other things, the company’s liquidity and ability
to fund operating and capital expenses, timing and execution risks
associated with manufacturing, potential delays or failures in
development, production and commercialization of products, Amyris’s
reliance on third parties to achieve its goals, and other risks
detailed in the “Risk Factors” section of Amyris’s quarterly report
on Form 10-Q filed on May 10, 2016. Amyris disclaims any obligation
to update information contained in these forward-looking statements
whether as a result of new information, future events, or
otherwise.
Amyris is a registered trademark of Amyris, Inc. All other
trademarks are the property of their respective owners.
Note to Editors: Please also see separate news release also
issued today by Givaudan entitled, “Givaudan announces long-term
collaboration with Amyris in Active Cosmetic Ingredients.”
Contact:
Peter DeNardo
Director, Investor Relations and Corporate Communications
Amyris, Inc.
+1 (510) 740-7481
investor@amyris.com
pr@amyris.com
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