EMERYVILLE, Calif., Sept. 17, 2018 (GLOBE NEWSWIRE) -- 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.”
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.
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.
Director, Investor Relations and Corporate Communications
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