EMERYVILLE, Calif., June 25, 2015 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, and Dinaco Importação Comércio S.A. ("Dinaco"), a Brazilian company specializing in cosmetic product distribution for the Brazilian market, today announced an exclusive re-seller agreement for Amyris's Neossance® cosmetic ingredients in Brazil. Dinaco, which distributes products and ingredients for many of the world's most important cosmetics and other manufacturers, will purchase and exclusively re-sell Amyris's Neossance® Squalane and Neossance® Hemisqualane products throughout Brazil.
"We're pleased to announce this important agreement, which brings together the high quality and performance of Amyris's personal care products and the broad distribution experience of Dinaco in the Brazilian market," said Caroline Hadfield, Senior Vice President, Personal Care, of Amyris. "The growing market for renewably-sourced personal care products poses a unique opportunity for Amyris to showcase its expertise in creating sustainable high-performance products that have proven performance."
Neossance® Hemisqualane is an innovative light emollient with high spreadability that is ideal for natural cosmetic formulations. It is the perfect replacement for petroleum-derived paraffins and silicone ingredients. Amyris's Neossance® Squalane is one of the highest quality and most versatile emollients on the market due to its sensorial profile, biocompatibility and consistently-robust composition. Both products are sustainable alternatives for petroleum- and chemically-derived products in personal care products. In addition, Neossance® emollients are biodegradable, ECOCERT-approved and USDA Certified 100% Biobased.
Dinaco was established in 1937 and represents many cosmetic specialty producers with international quality, investors in technology and sustainability, and presence in multiple segments. Currently, Dinaco is in more than 1,000 national industries, with respected professionals and hundreds of products supplied from its distribution center to final delivery.
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 that involve risks and uncertainties (including growth of the market for renewable care products). 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 annual report on Form 10-Q filed on May 5, 2015. 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 and Neossance are registered trademarks of Amyris, Inc.
CONTACT: Peter DeNardo Director, Investor Relations and Corporate Communications Amyris, Inc. +1 (510) 740-7481 firstname.lastname@example.org
Source:Amyris, Inc.; Dinaco