Alto Ingredients Receives Medical Ingredient Certification
February 04 2021 - 8:30AM
Alto Ingredients, Inc. (NASDAQ: ALTO), a leading
producer of specialty alcohols and essential ingredients, announced
its Illinois Corn Processing (ICP) facility is now 2017 EXCiPACT
Good Manufacturing Practices (GMP) certified.
“A key component of our growth strategy is broadening our access
to additional ethyl alcohol markets,” said Mike Kandris, CEO. “In
conjunction with our recently announced ISO 9001 and ICH Q7
certifications, our EXCiPACT certification accomplishes that goal.
EXCiPACT is an independent, globally recognized certification
standard for the use of excipients in the pharmaceutical industry.
Excipients are the inactive components of a drug or medication,
such as solvents, carriers or tinctures. We attained these quality
certifications with the assistance of our customers who expect high
quality, safe ingredients for use in their formulations. These
certifications demonstrate our commitment to meeting those
expectations.”
About EXCiPACTRegulators require excipient
users to qualify their suppliers based on GMP/GDP audits.
Regulators have indicated that third-party auditing of suppliers is
acceptable if a creditable certification body issues certificates
and audit reports by employing qualified auditors who are
demonstrably credible in suitable GMP/GDP standards and in the
needs of the pharmaceutical industry. EXCiPACT is a non-profit
organization that owns and manages oversight of such an
independent, high quality, third-party certification program
available to pharmaceutical excipient manufacturers and
distributors worldwide. For more information please visit
https://www.excipact.org/
About Alto Ingredients, Inc.Alto Ingredients,
Inc. (ALTO), formerly known as Pacific Ethanol, Inc., is a leading
producer of specialty alcohols and essential ingredients. The
company is focused on products for four key markets: Health, Home
& Beauty; Food & Beverage; Essential Ingredients; and
Renewable Fuels. The company’s customers include major food and
beverage companies and consumer products companies. For more
information please visit www.altoingredients.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
Statements and information contained in this communication that
refer to or include Alto Ingredients’ estimated or anticipated
future results or other non-historical expressions of fact are
forward-looking statements that reflect Alto Ingredients’ current
perspective of existing trends and information as of the date of
the communication. Forward looking statements generally will be
accompanied by words such as “anticipate,” “believe,” “plan,”
“could,” “should,” “estimate,” “expect,” “forecast,” “outlook,”
“guidance,” “intend,” “may,” “might,” “will,” “possible,”
“potential,” “predict,” “project,” or other similar words, phrases
or expressions. Such forward-looking statements include, but are
not limited to, statements concerning Alto Ingredients’ plans,
objectives, expectations and intentions. It is important to note
that Alto Ingredients’ objectives, expectations and intentions are
not predictions of actual performance. Actual results may differ
materially from Alto Ingredients’ current expectations depending
upon a number of factors affecting Alto Ingredients’ business.
These factors include, among others, adverse economic and market
conditions, including for specialty alcohols and essential
ingredients; export conditions and international demand for the
company’s products; fluctuations in the price of and demand for oil
and gasoline; raw material costs, including production input costs,
such as corn and natural gas; and the effects – both positive and
negative – of COVID-19; and Alto Ingredients’ ability to maintain
and benefit from quality management certifications. These factors
also include, among others, the inherent uncertainty associated
with financial and other projections; the anticipated size of the
markets and continued demand for Alto Ingredients’ products; the
impact of competitive products and pricing; the risks and
uncertainties normally incident to the specialty alcohol production
and marketing industries; changes in generally accepted accounting
principles; successful compliance with governmental regulations
applicable to Alto Ingredients’ distilleries, products and/or
businesses; changes in laws, regulations and governmental policies;
the loss of key senior management or staff; and other events,
factors and risks previously and from time to time disclosed in
Alto Ingredients’ filings with the Securities and Exchange
Commission including, specifically, those factors set forth in the
“Risk Factors” section contained in Alto Ingredients’ Quarterly
Report on Form 10-Q filed with the Securities and Exchange
Commission on November 16, 2020.
Media Contact:
Bryon McGregor, Alto Ingredients, Inc., 916-403-2768,
mediarelations@altoingredients.com
Company IR Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755,
Investorrelations@altoingredients.com
IR Agency Contact:
Moriah Shilton, LHA Investor Relations, 415-433-3777,
Investorrelations@altoingredients.com
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