Law Offices of Howard G. Smith Announces Class Action Lawsuit Against KiOR, Inc.

  Law Offices of Howard G. Smith Announces Class Action Lawsuit Against KiOR,
  Inc.

Business Wire

BENSALEM, Pa. -- September 4, 2013

Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of Texas
on behalf of a class (the “Class”) comprising all purchasers of the securities
of KiOR, Inc. (“KiOR” or the “Company”) (NASDAQ:KIOR) between August 14, 2012
and August 7, 2013, inclusive (the “Class Period”).

KiOR is a renewable fuels company that utilizes a proprietary
biomass-conversion fuel technology platform for the production and sale of
cellulosic gasoline and diesel. The Complaint alleges that defendants issued
false and/or misleading statements and/or failed to disclose that: (1) the
Company was not on track to produce commercially meaningful quantities of
biofuel at its Columbus, Mississippi, facility in the amounts, or on the
schedule, projected by management; (2) the Company lacked adequate internal
and financial controls over its calculation and forecasting of production
levels at the Columbus facility; and (3) as a result of the foregoing, the
Company’s statements were materially false and misleading at all relevant
times.

On August 8, 2013, KiOR announced that the Company had shipped only 75,000
gallons of fuel from the Columbus facility during the second quarter. In
addition, the Company reported revenue for the quarter of only $240,000 --
approximately 12% of the $1.93 million average of five analysts’ estimates
compiled by Bloomberg. Following this news, KiOR shares dropped from $4.76 per
share on August 7, 2013, to $2.62 on August 15, 2013.

No class has yet been certified in this action. Until a class is certified,
you are not represented by counsel unless you retain one. If you purchased
KiOR shares during the Class Period, you have certain rights, and have until
October 21, 2013 to move for lead plaintiff status. To be a member of the
Class you need not take any action at this time; you may retain counsel of
your choice or take no action and remain an absent member of the Class. If you
purchased KiOR shares prior to the Class Period and have any questions
concerning this Notice or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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