Aemetis Receives FDA National Drug Code for OTC Sanitizer Products
September 01 2020 - 7:30AM
via NEWMEDIAWIRE --
Aemetis, Inc. (NASDAQ: AMTX),
an advanced renewable fuels and biochemicals company that is a
producer of high grade sanitizer alcohol, today announced that the
Food & Drug Administration (FDA) has issued a National Drug
Code (NDC) to Aemetis for the production and marketing of Over The
Counter (OTC) sanitizer products.
“This FDA registration is an important step for
Aemetis in the production and distribution of blended and packaged
sanitizer alcohol products by our wholly-owned subsidiary, Aemetis
Health Products,” stated Eric McAfee, Chairman and CEO of Aemetis,
Inc. “Aemetis is in a unique position as the only large-scale
producer of high grade sanitizer alcohol in the Western United
States, and we plan to address the ongoing demand for hand
sanitizer, alcohol wipes, and other sanitizer products under the
Aemetis Health Products brand and on a private label basis.”
The global market for hand sanitizer and sanitizer products was
approximately $2.9 billion in year 2019, but has grown rapidly in
the first half of 2020 due to the global COVID-19 pandemic.
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 high grade cellulosic
alcohol. 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, expectations for growth in India and development of our
cellulosic ethanol business in North America. Words or
phrases such as “anticipates,” “may,” “will,” “should,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,”
“showing signs,” “targets,” “view,” “will likely result,” “will
continue” 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, demand for high grade alcohol and related
products, including hand sanitizers, and other risks detailed in
our reports filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended
December 31, 2019, our Quarterly Report on Form 10-Q for the
quarters ended March 31, 2020 and June 30, 2020 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 Relations Contact:Kirin SmithPCG Advisory
Group(646) 863-6519ksmith@pcgadvisory.com |
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Investor Relations/Media
Contact:Todd Waltz(408) 213-0940investors@aemetis.com
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