Aemetis Launches Aemetis Health Products Subsidiary
August 11 2020 - 7:00AM
via NEWMEDIAWIRE --
Aemetis, Inc. (NASDAQ:
AMTX) announced today the launch of its new Aemetis Health Products
subsidiary which is focused on the production and marketing of
blended liquid and gel sanitizers as bulk and packaged products.
“Aemetis has become the largest producer of high
grade sanitizer alcohol in the western United States and is
launching Aemetis Health Products to expand its product line of
sanitizer products,” said Eric McAfee, Chairman and CEO of Aemetis.
“This expansion into blended liquid and gel sanitizer markets
complements our existing offering of high grade alcohol in the
United States and Canada.”
As a result of the global COVID-19 pandemic,
demand for high grade alcohol for sanitizer production increased
significantly in early 2020. Aemetis Health Products
will blend gel and liquid sanitizer for delivery in bulk as well as
packaged form to customers.
Aemetis is currently constructing plant upgrades
of control systems and processing equipment that will enable the
production of US Pharmacopeia (USP) medical grade alcohol at the
Aemetis plant near Modesto, California.
About Aemetis
Headquartered in Cupertino, California, Aemetis
is an advanced renewable fuels and biochemicals company focused on
the acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products by
the conversion of ethanol and biodiesel plants into advanced
biorefineries. Founded in 2006, Aemetis owns and operates a 65
million gallon per year ethanol production facility in California’s
Central Valley near Modesto. Aemetis also owns and operates a 50
million gallon per year renewable chemical and advanced fuel
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is building a biogas anaerobic
digester network and pipeline to convert dairy animal waste gas to
Renewable Natural Gas (RNG), and is developing a plant to convert
waste orchard wood into cellulosic ethanol. Aemetis holds a
portfolio of patents and related technology licenses for the
production of renewable fuels and biochemicals. For
additional information about Aemetis, please visit
www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking
statements, including statements regarding our assumptions,
projections, expectations, targets, intentions or beliefs about
future events or other statements that are not historical facts.
Forward-looking statements in this news release include, without
limitation, statements relating to the construction and operation
of the high grade alcohol production facility in Keyes, California,
the receipt of US pharmacopeia certification, the and the ability
to access markets and funding to execute our hand sanitizer
business plan. Words or phrases such as “anticipates,” “may,”
“will,” “should,” “believes,” “estimates,” “expects,” “intends,”
“plans,” “predicts,” “projects,” “showing signs,” “targets,” “will
likely result,” “will continue”, “enable” or similar expressions
are intended to identify forward-looking statements. These
forward-looking statements are based on current assumptions and
predictions and are subject to numerous risks and uncertainties.
Actual results or events could differ materially from those
set forth or implied by such forward-looking statements and related
assumptions due to certain factors, including, without limitation,
competition in the ethanol, biodiesel and other industries in which
we operate, commodity market risks including those that may result
from current weather conditions, financial market risks, customer
adoption, counter-party risks, risks associated with changes to
federal policy or regulation, and other risks detailed in our
reports filed with the Securities and Exchange Commission (the
“SEC”), including our Annual Report on Form 10-K for the year ended
December 31, 2018, and in our subsequent filings with the SEC. We
are not obligated, and do not intend, to update any of these
forward-looking statements at any time unless an update is required
by applicable securities laws.
External Investor
RelationsContact:Kirin SmithPCG Advisory
Group(646) 863-6519ksmith@pcgadvisory.com
Company Investor Relations/Media
Contact:Todd Waltz (408)
213-0940investors@aemetis.com
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