Aemetis Starts Production of Branded High-Grade Alcohol Sanitizer Products
September 21 2020 - 11:05AM
via NewMediaWire --
Aemetis,
Inc. (NASDAQ: AMTX) (“Aemetis”), an advanced
renewable fuels and biochemicals company, today announced
commencement of contracted production of hand sanitizer under its
branded Aemetis Health Products label for sales to government,
businesses and academic customers, as well as directly to consumers
via the Amazon Marketplace.
“Following through on our plan to address the
ongoing demand for sanitizer products and having received FDA label
registration and other approvals, we have commenced contracted
production of sanitizer products under our Aemetis Health Products
subsidiary brand name,” said Eric McAfee, Chairman and CEO of
Aemetis, Inc. “Aemetis’ 65 million gallon per year alcohol
plant in California is the only large-scale producer of hand
sanitizer alcohol in the Western U.S., with other alcohol-based
sanitizer products requiring thousands of miles of transport to the
West Coast from the Midwest or Asia in order to supply West Coast
consumers with alcohol sanitizer products.
“A primary initial sales focus for our branded
Aemetis Health Products is California and other Western States, as
well as the U.S. government,” added McAfee. “Our
products meet FDA requirements, and protect consumers from harmful
chemicals often found in imported sanitizer
products. Our top priority is providing safe, tested
products for consumers, and also providing jobs for American
workers. Consumers should not have to worry about toxic
ingredients or mislabeling from foreign producers, and at a time of
economic distress for many industries, jobs should not be
outsourced to other countries by using taxpayer funds to purchase
foreign products instead of high quality, low cost, domestically
produced products.”
Aemetis hand sanitizer contains 70% alcohol
(gel) or 80% alcohol (liquid) as the active ingredient, along with
water and glycerin. Some other hand sanitizer products
contain as little as 60% alcohol. Aemetis built and
operates a large pharma-grade glycerin plant in India that has the
capacity to produce the required amount of refined glycerin for
approximately 350 million gallons per year of hand
sanitizer.
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.http://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 sales of the high grade
alcohol production facility, ability to develop a retail
presence, ability of the contract manufacturers to produce alcohol
sanitizer at scale, the production of alcohol by competitors in the
Western United States, 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,” “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, 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 Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Investor Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
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