Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Amyris Inc    AMRS

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

AMYRIS : Signs Contract Manufacturing Agreement with Tate & Lyle

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/04/2010 | 09:10pm CEST

Amyris, Inc. (NASDAQ:AMRS) announced today that it has entered into a contract manufacturing agreement with Tate & Lyle Ingredients Americas, Inc., an affiliate of Tate & Lyle PLC (LSE:TATE). Under this arrangement, Tate & Lyle will produce farnesene at its facilities in Decatur, IL; the produced farnesene will be owned and distributed by Amyris.

This arrangement with Tate & Lyle expands Amyris's contracted production capacity. Amyris entered into a similar agreement in June 2010 with a facility of Biomin GMBH in Piracicaba, Brazil. Amyris expects to begin production of farnesene at the Biomin facility in the first half of 2011.

Amyris is using contract manufacturing capacity to produce farnesene at commercial scale to supply customer demand in advance of the start up of Amyris's first commercial plant under its joint venture with Grupo São Martinho (SA:SMTO3).

?We are excited to be collaborating with Tate & Lyle to accelerate our commercial production of farnesene,? said John Melo, CEO of Amyris. ?Beyond supporting our commercial production targets in 2011, we believe that this partnership will allow us to leverage Tate & Lyle's world leading expertise in aseptic fermentation operations as we ramp our industrial scale.?

?We are delighted to be working with Amyris to help them achieve the first commercialization of its farnesene,? said Matt Wineinger, President, Bulk Ingredients, Tate & Lyle. ?The combination of our facilities and expertise and Amyris's fermentation processes and equipment are a truly excellent fit.?

About Amyris

Amyris is building an integrated renewable products company by applying industrial synthetic biology to genetically modify microorganisms to serve as living factories. Amyris designs these microorganisms to produce defined molecules for use as renewable chemicals and transportation fuels. Amyris Brasil S.A., a subsidiary of Amyris, oversees the establishment and expansion of Amyris's production in Brazil, including SMA Indústria Química S.A., its joint venture with São Martinho. In addition, Amyris is building fuels distribution capabilities in the United States through its subsidiary, Amyris Fuels LLC. More information about Amyris and its subsidiaries is available at www.amyris.com.

Forward-Looking Statements

This release may be deemed to contain forward-looking statements, which are which are subject to safe harbor provisions under the Securities Act of 1933, as amended, or the Securities Act, and the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. These forward-looking statements include, among other things, statements regarding future events (such as statements regarding Amyris's expectations for the commencement of production at the Tate & Lyle and Biomin production facilities, customer demand for Amyris products, benefits of the Tate & Lyle manufacturing arrangement, including the ability to produce farnesene at commercial scale, and timing for commercial production) that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are based on management's current expectations and actual results and future events may differ materially from those projected due to a variety of factors, including: Amyris's limited operating history and lack of revenues generated from the sale of its renewable products; Amyris's inability to increase yield in yeast strains producing target molecules and decrease production costs to enable sales at competitive prices; technical infeasibility of engineering new target molecules; delays in production and commercialization of products due to technical, operational, cost and counterparty challenges; challenges in developing customer base in markets with established and sophisticated competitors; currency exchange rate and commodity price fluctuations; changes in regulatory schemes governing genetically modified organisms and fuels; and other factors detailed in Amyris's Securities and Exchange Commission filings, including the risks identified under the section captioned ?Risk Factors? in its final prospectus relating to its initial public offering filed pursuant to Rule 424(b) under the Securities Act on September 28, 2010. 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, Inc.
Erin Kinsella, 510-597-4713
[email protected]


© Business Wire 2010
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMYRIS INC
06/22 AMYRIS : US company plans regional Queensland biorefinery to make cosmetics from..
06/22 AMYRIS : Queensland move forward with planned biorefinery
06/21 AMYRIS, INC. : Other Events (form 8-K)
06/20 AMYRIS : Partners with Queensland on Biofutures Acceleration Program in Next Ste..
06/20 Amyris Partners with Queensland on Biofutures Acceleration Program in Next S..
06/19 AMYRIS INC : DEADLINE TODAY: Lundin Law PC Announces a Securities Class Action L..
06/19 AMYRIS INC : FINAL DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds In..
06/16 AMYRIS INC : 3-DAY DEADLINE: Lundin Law PC Announces a Securities Class Action L..
06/16 AMYRIS INC : DEADLINE MONDAY: Levi & Korsinsky, LLP Reminds Shareholders of Amyr..
06/15 AMYRIS INC : AMRS The Law Offices of Vincent Wong Reminds Investors of a Class A..
More news
Sector news : Industrial Biotechnology Chemicals
06/01 JOHNSON MATTHEY : expects higher catalysts demand after profit rises
05/23DJWHAT'S NEWS : Business & Finance -- WSJ
05/22 Cross-border M&A between U.S. and European firms at 10 year high
05/22 LafargeHolcim hires Sika boss as next CEO
05/22DJWHAT'S NEWS : Business & Finance -- WSJ
More sector news : Industrial Biotechnology Chemicals
News from SeekingAlpha
05/19 Amyris (AMRS) Investor Presentation - Slideshow
05/15 Amyris' (AMRS) CEO John Melo on Q1 2017 Results - Earnings Call Transcript
05/15 Amyris misses by $0.04, misses on revenue
05/14 Notable earnings after Monday?s close
04/20 INSIDERINSIGHTS.COM DAILY ROUND UP 4 : Apollo Global, Pulse Biosciences, Acacia ..
Advertisement
Financials ($)
Sales 2017 121 M
EBIT 2017 -54,0 M
Net income 2017 -83,5 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,53x
Capi. / Sales 2018 0,31x
Capitalization 63,8 M
More Financials
Chart AMYRIS INC
Duration : Period :
Amyris Inc Technical Analysis Chart | AMRS | US03236M1018 | 4-Traders
Full-screen chart
Technical analysis trends AMYRIS INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 15,0 $
Spread / Average Target 366%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John G. Melo President, Chief Executive Officer & Director
Geoffrey M. Duyk Chairman
Kathleen Valiasek Chief Financial Officer
Joel Cherry President-Research & Development
Louis John Doerr Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMYRIS INC-67.12%64
HENKEL10.82%57 915
ECOLAB INC.12.42%38 222
SIKA28.99%14 067
SYMRISE10.06%9 523
TRANSFAR ZHILIAN CO LT..--.--%7 368
More Results