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Amyris Inc (AMRS) Q1 2021 Earnings Call Transcript

Operator
Welcome to the Amyris First Quarter 2021 Financial Results Conference Call. This call is being webcast live on the Events page of the Investors section of the Amyris website at amyris.com. As a reminder, this call is being recorded. You may listen to a webcast replay of this call by going to the Investors section of Amyris website.
I would now like to turn the call over to Han Kieftenbeld, Chief Financial Officer of Amyris. Please go ahead.
Han Kieftenbeld
Chief Financial Officer
Thank you, Ellie. And good morning and good afternoon everyone. Thank you for joining us today. With me are John Melo, President and Chief Executive Officer; and Eduardo Alvarez, Chief Operating Officer. This morning, John will provide a business update, Eduardo will share operational performance highlights, and I will review our financial results for the quarter and the full year. ....

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Ingredion partners with Amyris to offer its fermented Reb M sweetener

Dive Brief:
Ingredion signed an agreement to become the exclusive global commercialization partner for Amyris’ sugar reduction technology that includes its fermented Rebaudioside M, the companies said in a statement. Unlike other companies that struggle to extract Reb M from stevia leaves, Amyris ingredient is made from the fermentation of specially crafted yeast and sugar cane.
As part of the deal, Ingredion will take a minority ownership stake in the Amyris Brazilian manufacturing facility currently under construction. The two companies also will enter into an R&D agreement to create and advance the development of sustainably sourced, zero-calorie, nature-based sweeteners and potentially other types of fermentation-based food ingredients. ....

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Amyris in $100M deal with Ingredion for Reb M sweetener : Biofuels Digest

In California, Amyris, Inc. has signed an agreement with Ingredion Incorporated for the exclusive licensing of Amyris’s zero-calorie, nature-based, fermented Reb M sweetener. In addition, the agreement includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility that is currently under construction. The transaction value is estimated to be $100 million. This includes $75 million for the exclusive license to sell and market Reb M from fermentation plus a contribution for a participation in the Brazil manufacturing joint venture. Additionally, Amyris will earn a profit share from Reb M sales. ....

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Ingredion Incorporated: Amyris and Ingredion Partner to Manufacture and Market Sugar Reduction and Fermentation-Based Food Ingredients

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EMERYVILLE, Calif. and WESTCHESTER, Ill., May 03, 2021 (GLOBE NEWSWIRE) Amyris, Inc. (https://amyris.com/) (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it has signed an agreement with Ingredion Incorporated (https://ir.ingredionincorporated.com/news-releases/news-release-details/ingredion-completes-acquisition-purecircle) (NYSE: INGR), a leading global ingredient solutions provider to the food and beverage industry, for the exclusive licensing of Amyris s zero-calorie, nature-based, fermented Reb M sweetener. In addition, the agreement includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility that is currently under construction. ....

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Amyris And Ingredion Partner To Manufacture And Market Sugar Reduction And Fermentation-based Food Ingredients

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EMERYVILLE, Calif. and WESTCHESTER, Ill., May 3, 2021 /PRNewswire/ Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it has signed an agreement with Ingredion Incorporated (NYSE: INGR), a leading global ingredient solutions provider to the food and beverage industry, for the exclusive licensing of Amyris s zero-calorie, nature-based, fermented Reb M sweetener. In addition, the agreement includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility that is currently under construction. ....

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