CAMBRIDGE, Mass., June 10 /PRNewswire-FirstCall/ -- Verenium Corporation (Nasdaq: VRNM), a leading developer of cellulosic ethanol technology and a pioneer in the development of high-performance specialty enzymes, announced today that Carlos A. Riva, Verenium's President and Chief Executive Officer, will speak at the 2008 BIO International Conference as part of the Leadership Summit on Biofuels and Cleantech. The summit is scheduled from 1:00 - 5:30 p.m. PT on Monday, June 16, and will take place at the San Diego Convention Center, Upper Level 28 A-C. As part of this roundtable, from 2:15 - 3:30 p.m. PT, Mr. Riva will discuss the development of sustainable next-generation biofuels, including cellulosic ethanol, and their potential to offer returns for investors, as well as a cleaner, greener and more secure energy future. For more information on the BIO International Conference please visit http://www.bio2008.org. About Verenium Verenium Corporation is a leader in the development and commercialization of next-generation cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the alternative fuels, specialty industrial processes, and animal nutrition and health markets. The Company possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of ethanol from a wide array of cellulosic feedstocks, including dedicated energy crops, sugarcane bagasse, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars. Verenium's Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium's world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes -- proteins that act as the catalysts of biochemical reactions. Verenium operates one of the nation's first cellulosic ethanol pilot plants, an R&D facility, in Jennings, Louisiana and has entered the start-up phase at its 1.4 million gallon-per-year demonstration-scale facility. In addition, the Company's process technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima Kikai Co., Ltd. and has been incorporated into BioEthanol Japan's 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the world's first commercial-scale plant to produce cellulosic ethanol from wood construction waste. For more information, visit http://www.verenium.com. Forward Looking Statements Statements in this press release that are not strictly historical are "forward-looking" and involve a high degree of risk and uncertainty. These include statements related to the Company's future growth, its expectations for its business and operations in 2008, anticipated product volume growth and improvement in product revenue, product gross profit and product gross margin, startup, commissioning, testing and operation of its demonstration plant, future commercial cellulosic ethanol projects, the impact of the Company's 2007 and 2008 accomplishments on its business in the future, the Company's 2008 corporate objectives and goals and financial guidance for the remainder of 2008, and the Company's ability to continue to the scope of its operations as planned ,all of which are prospective. Such statements are only predictions, and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to the differences include, but are not limited to, risks associated with Verenium's new and uncertain technologies, risks associated with the costs, labor requirements and labor availability associated with Verenium's demonstration plant, risks associated with Verenium's ability to obtain additional capital to support its planned operations, Verenium's dependence on patents and proprietary rights, risks associated with Verenium's protection and enforcement of its patents and proprietary rights, technological, regulatory, competitive and other risks related to development, production, and commercialization of cellulosic ethanol and other biofuels and the commercial prospects of those industries, Verenium's dependence on existing collaboration, manufacturing, and/or license agreements, and its ability to achieve milestones under existing and future collaboration agreements, the ability of Verenium and its partners to commercialize products (including by obtaining any required regulatory approvals) using Verenium's technologies and timing for launching any commercialized products, the ability of Verenium and its collaborators to market and sell any products that it or they commercialize, the development or availability of competitive products or technologies, the future ability of Verenium to enter into and/or maintain collaboration and joint venture agreements and licenses, changes in the U.S. or global energy markets and risks and other uncertainties more fully described in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's quarterly report on Form 10-Q for the three months ended March 31, 2008. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update these forward-looking statements. Contact: Kelly Lindenboom Sarah Carmody Vice President, Corporate Communications Sr. Corporate Communications 617-674-5335 Associate firstname.lastname@example.org 617-674-5357 email@example.com SOURCE Verenium Corporation CONTACT: Kelly Lindenboom, Vice President, Corporate Communications, +1-617-674-5335, firstname.lastname@example.org, or Sarah Carmody, Sr. Corporate Communications Associate, +1-617-674-5357, email@example.com, both of Verenium Corporation -0- Jun/10/2008 12:00 GMT
Verenium to Speak at 2008 BIO International Convention
Press spacebar to pause and continue. Press esc to stop.