Amyris and BASF Reach Agreement for Strain Engineering Collaboration
April 03 2014 - 8:00AM
Amyris, Inc. (Nasdaq:AMRS) announced that it is entering into a
collaborative research and development agreement with BASF SE
(XETRA:BAS). Under the agreement, Amyris will use its strain
engineering technology to develop a microorganism capable of
producing a target molecule identified by BASF.
"Through this new collaboration, Amyris will seek to develop
strains capable of producing a relevant target molecule for BASF,
which could help performance and competitiveness with the
traditional sources for that molecule. Amyris's synthetic biology
and strain engineering technology platform and BASF's capabilities
and superior market leadership in the chemicals industry are
complementary, and, I believe, our two companies can build on this
initial effort to lead the way to innovative renewable chemicals
produced through industrial biotechnology," said John Melo,
President & CEO of Amyris.
Based on success of the initial development program, the
companies expect to collaborate further on a strain development
program and consider other joint research and development
opportunities. The companies have agreed not to disclose any
details of the agreement.
About Amyris
Amyris is an integrated renewable products company focused on
providing sustainable alternatives to a broad range of
petroleum-sourced products. Amyris uses its industrial synthetic
biology platform to convert plant sugars into a variety of
molecules -- flexible building blocks that can be used in a wide
range of products. Amyris's initial portfolio of commercial
products is based on Biofene®, Amyris's brand of renewable
farnesene, a long-chain hydrocarbon. Amyris is commercializing
these products both as No Compromise® renewable ingredients in
cosmetics, flavors and fragrances, polymers, lubricants and
consumer products, and also as No Compromise renewable diesel and
jet fuel. Amyris Brasil Ltda., a subsidiary of Amyris, oversees the
establishment and commercialization of Amyris's production in
Brazil. www.amyris.com
Amyris Forward-Looking Statements
This release contains forward-looking statements, and any
statements other than statements of historical facts could be
deemed to be forward-looking statements. These forward-looking
statements include, among other things, statements regarding future
events (such as the plans for a development program and the results
and benefits of the program) that involve risks and uncertainties.
These statements are based on management's current expectations and
actual results and future events may differ materially due to risks
and uncertainties, including those associated with any delays or
failures in development, production and commercialization of
products, liquidity and ability to fund capital expenditures,
Amyris's reliance on third parties to achieve its goals, and other
risks detailed in the "Risk Factors" section of Amyris's quarterly
report on Form 10-K filed on April 2, 2014. 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, Biofene and No Compromise are
trademarks or registered trademarks of Amyris, Inc.
CONTACT: Amyris, Inc.
Joel Velasco
(510) 740-7481
investor@amyris.com
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