This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Amyris And Kuraray Expand Collaboration In Farnesene-Based Polymers

EMERYVILLE, Calif. and TOKYO, March 31, 2014 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the leading synthetic biology innovator and renewable products company, and Kuraray Co., Ltd. (TSE:3405), a pioneering global chemical products company with a long history of commercializing a range of resins, fibers, textiles and other materials, announced today the expansion and extension of their ongoing collaboration in high performance polymers using Biofene®, Amyris's brand of renewable farnesene.

" Kuraray has been a strong collaboration partner over the last two years, and I welcome our expanding work together in developing and commercializing high performance materials from Biofene," said John Melo, President & CEO of Amyris. " Based on the positive feedback from tire manufacturers for Liquid Farnesene Rubber, we remain confident that Biofene will play a critical role in improving the sustainability of the tire industry. We are also encouraged that with Kuraray in Japan we are launching a new category of elastomers made from Biofene," added Melo.

Under the transaction agreements, the parties have extended the duration of the research and development portion of their collaboration for at least two more years. The parties also reaffirmed their commercialization goals by expanding types of, and fields of use for, Kuraray polymer products containing Biofene. As detailed in the agreement, Amyris will receive an undisclosed amount of collaboration funding over the next two years, and Kuraray will purchase approximately $4 million of Amyris's common stock in April of this year.

" Our joint technical progress in the last two years has been tremendous, and we are optimistic about the commercialization of farnesene-based polymers with Amyris in the near future and our expanded ongoing collaboration to new polymer products, including viscosity index improvers, sealants, and adhesives," said Tomoyuki Aya, Senior Executive Officer of Kuraray. " And, as Amyris shares our commitment to develop pioneering technology, I'm pleased that Kuraray has agreed to make a capital investment in Amyris," Aya added.

Amyris and Kuraray launched their collaboration in 2011 with an initial focus on using Biofene-based polymers to replace petroleum-derived feedstocks in tires. During this time, Kuraray has developed Biofene-based liquid rubber (LFR) that reacts with tire rubber more easily than traditional materials and strengthens adhesion of rubber components to improve tire shape, stability, and performance. Today, leading tire manufacturers are conducting field, safety and performance tests of Kuraray's Biofene-based liquid rubber in their tire formulations with a number of these tests nearing conclusion. Also, during this period, Kuraray produced and began customer sampling and product evaluation for a new category of elastomers, Hydrogenated Styrenic Farnesene Copolymer (HSFC), which have shown to have improved flow properties and low residual strain, opening opportunities for vibration dampening product applications.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs