EMERYVILLE, Calif., June 28, 2016 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, today announced a new collaboration in the field of cosmetic active ingredients with Givaudan (SIX:GIVN), a leading global flavors and fragrances company. The two companies have been engaged in the research and development of proprietary fragrance ingredients for several years, and the significantly expanded partnership reinforces the diversity and value of Amyris's R&D platform and manufacturing capabilities to customers demanding high performance, cultured ingredients. During the multiyear collaboration, Amyris will use its industry-leading strain engineering platform to design cosmetic active targets, and scale them up for global commercialization at Amyris's manufacturing facility in Brotas, Brazil. The companies anticipate the launch of the target products in the coming years will demonstrate significant performance, cost and sustainability advantages over existing ingredients.
"We are very pleased with our ongoing partnership with Amyris. As our company continues to look for innovative and sustainable solutions to availability and cost challenges, we are expanding the relationship to apply Amyris's technology to a whole new field," said Maurizio Volpi, President of Givaudan's Fragrance Division. "This partnership will derive synergistic benefits from Givaudan's deep understanding of the Active Beauty area and Amyris's world class biotechnology platform."
"We are excited to be working with Givaudan to solve supply challenges and deliver sustainable innovation in cosmetic actives. We are very pleased with the Givaudan commitment to innovation and its leadership in delivering breakthrough advancements in Active Cosmetics," said John Melo, Amyris President & Chief Executive Officer. "The collaboration validates, once again, our belief that Amyris offers its customers the fastest time to market from target identification to production of multiple tons of high quality ingredients via its disruptive approach toward meeting partners' requirements. We are making our planet better, delivering consumers cultured ingredients that are better for them while improving our partners' business performance."
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, specialty ingredients and consumer products. The company is delivering its No Compromise® products in focused markets, including specialty and performance chemicals, fragrance ingredients, and cosmetic emollients. 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 facts could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding future events (such as the expected results of the collaboration, including the design and scale up of targets, the anticipated timing of the launch of target products under the collaboration, anticipated performance, cost and sustainability advantages of target products under the collaboration over existing ingredients, and expected synergistic benefits from the collaboration) 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, among other things, the company's liquidity and ability to fund operating and capital expenses, timing and execution risks associated with manufacturing, potential delays or failures in development, production and commercialization of products, 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-Q filed on May 10, 2016. 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 is a registered trademark of Amyris, Inc. All other trademarks are the property of their respective owners.
Note to Editors: Please also see separate news release also issued today by Givaudan entitled, "Givaudan announces long-term collaboration with Amyris in Active Cosmetic Ingredients."
Contact: Peter DeNardo Director, Investor Relations and Corporate Communications Amyris, Inc. +1 (510) 740-7481 firstname.lastname@example.org email@example.com