Amyris Provides Update on Leland, NC Production Facility
September 17 2018 - 8:30AM
Amyris, Inc. (Nasdaq:AMRS), a leader in the development and
production of sustainable ingredients for the Health &
Wellness, Clean Beauty and Flavors & Fragrances markets, has
monitored Hurricane Florence closely and today provided an update
on the safety of its employees and the condition of its Leland, NC
production facility, which is used by Amyris’s joint venture,
Aprinnova.
On Sunday, power and connectivity remained lost in the local
area, slowing efforts to communicate with employees. So far, nearly
all have reported to be safe with family and loved ones.
“Our employees’ safety is of the utmost importance and we took
precautionary measures to shut the plant down ahead of the storm,
so they could be home to ensure their safety and that of their
families,” said John Melo President and CEO. “Our hearts are with
all of the people impacted by the hurricane and our wishes for the
health and safety of all and a speedy recovery.”
Following an initial assessment of the plant, the hurricane does
not appear to have caused any material damage to the process
equipment or the inventory. Assessments continue, but Amyris
expects a quick return to full production once power is restored
and the plant is back online.
Amyris expects to resume full production of its squalane product
for customers without any impact to its third quarter or full year
squalane results. Customers including 2,000 of the world’s leading
skin care brands as well as Amyris’s own Biossance brand will
receive their needed supplies without interruption or any price
change.
“Our amazing team in North Carolina demonstrated real
professionalism in the way they secured the plant ahead of
Hurricane Florence, ensuring our employees were safe and our
customers were not impacted,” Melo said. “Their incredible
commitment to customers in the production of our sustainable,
high-performance squalane, speaks to the wider commitment I have
seen across the whole company. With our squalane, we have set the
highest standard for clean beauty and consumers have responded with
sales on track to nearly double those of 2017. My pride for the
team and relief about the plant however, is tempered with the
realization that Hurricane Florence has created real damage and
hardship for others and is continuing to do so in the Carolinas and
we will look for ways to help support the local community.”
About Amyris
Amyris 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 and produce specialty ingredients
and consumer products. The company is delivering its No Compromise™
products and services across a number of markets, including
specialty and performance chemicals, flavors and fragrances,
cosmetics ingredients, pharmaceuticals, and nutraceuticals. 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 fact could be deemed
to be forward-looking statements. These forward-looking statements
include, among other things, statements regarding future events.
These statements are based on management's current expectations and
actual results and future events may differ materially due to risks
and uncertainties, including risks related to Amyris's liquidity
and ability to fund operating and capital expenses, potential
delays or failures in development, production and commercialization
of products, risks related to Amyris's reliance on third parties,
and other risks detailed from time to time in filings Amyris makes
with the Securities and Exchange Commission, including Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. 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, the Amyris logo and No Compromise are trademarks or
registered trademarks of Amyris, Inc. in the U.S. and other
countries.
Contact:Peter DeNardoDirector, Investor
Relations and Corporate CommunicationsAmyris, Inc. +1 (510)
740-7481investor@amyris.com
Amyris (NASDAQ:AMRS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amyris (NASDAQ:AMRS)
Historical Stock Chart
From Apr 2023 to Apr 2024