Amyris Enters Into First Product Development and Production Agreement With Royal DSM For Food and Nutrition Molecule

World News: . []

EMERYVILLE, Calif., July 17, 2017 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, today announces that it has entered into its first product development and production agreement with Koninklijke DSM N.V. (Royal DSM) (AEX:DSM.AS), the global science-based company active in health, nutrition and materials, to develop a food and nutrition molecule for which DSM is a major market provider.

As part of the previously announced equity investment DSM is making into Amyris, DSM and Amyris have agreed to focus on a number of short- to medium-term product development & production opportunities in vitamins and other nutritional ingredients. This agreement is the first of what is expected to be several of such development and production projects.

As part of the agreement, DSM will partner with Amyris and fund the development of the technology to produce the specific molecule that Amyris will scale and supply long term to deliver improved performance while growing its business. DSM will take the molecule to market utilizing its channel and market access and take advantage of Amyris’s biotechnology production, which provides a lower cost of production than currently available.

"We are very excited to partner with DSM on our first product development and production agreement," said John Melo, Amyris President & CEO. "This is the first of what are expected to be several highly disruptive products addressing major markets where, together, we can leverage Amyris’s technology platform to reduce cost for products DSM then takes to market in a cost-advantaged position."

Amyris, the Amyris logo and No Compromise are registered trademarks of Amyris, Inc. All other trademarks are trademarks of their respective owners.

Contact:

Peter DeNardo
Director, Investor Relations and Corporate Communications
Amyris, Inc.
+1 (510) 740-7481
investor@Amyris.com
pr@Amyris.com

More news and information about Amyris

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Globe Newswire: 13:51 GMT Monday 17th July 2017

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