Amyris and Firmenich Announce Expansion of Collaboration

The goal of the Amyris-Firmenich collaboration is to promote long-term interests of the flavors and fragrances industry by providing sustainable ingredients that are cost-competitive.

Jul 26 2011 --- Amyris, Inc. and Firmenich announced that they are expanding their collaboration agreement to include a third ingredient for the flavors and fragrances market. Under the current agreement, established in November 2010, Firmenich is funding work at Amyris to develop a first ingredient with rights to co-fund a second. Amyris has delivered on a key milestone for the development of that first ingredient, well ahead of schedule. The parties expect to begin work on the second ingredient on schedule and, as a result of the performance so far, have decided to expand the collaboration to now incorporate a third ingredient.

The goal of the Amyris-Firmenich collaboration is to promote long-term interests of the flavors and fragrances industry by providing sustainable ingredients that are cost-competitive. Under the agreement, Amyris will manufacture and supply key ingredients to Firmenich, and Firmenich will market and distribute them exclusively in the flavors and fragrances market. Both parties will share in the economic value derived from these ingredients.

“We are very pleased with the progress of our collaboration with Amyris,” said Patrick Firmenich, CEO of Firmenich. “Innovation and sustainability are integral components of our company philosophy, and this expanded partnership with Amyris will continue our commitment to provide high-quality ingredients to the flavors and fragrances market.”

“We are excited to be expanding our productive collaboration with Firmenich,” said John Melo, CEO of Amyris. “Our progress with Firmenich demonstrates our commitment to delivering results to our customers that exceed expectations, and validates our plans to begin production and sale of Amyris-sourced flavors and fragrances ingredients starting next year.”