Solazyme Enters Textile Lubricants Market With Industry Leader Goulston
Announces agreement to commercialize world’s first sustainable,
microalgae-derived, high-performance textile lubricants
SOUTH SAN FRANCISCO, Calif. & MONROE, N.C. -- October 8, 2013
Solazyme, Inc. (NASDAQ:SZYM), a renewable oil and bioproducts company, today
announced its entry into the textile lubricants market through a commercial
supply agreement with Goulston Technologies Inc., a leading global producer of
high-performance fiber lubricants. Goulston expects to commercialize a new
class of sustainable products using Solazyme’s renewable high-performance,
Tailored™ algal oils for textile lubricants. Solazyme expects to supply
Goulston’s high oleic oil needs under the agreement.
“Our business continues to grow globally – driven by innovation. Solazyme’s
unique renewable Tailored™ oil technology provides us with new options to
develop our next generation of high performance products,” said Srinivasan
Ranganathan, Goulston Chief Technology Officer. “In addition, our goal is to
provide the industry with the highest performance lubricants with the lowest
environmental impact. We are committed to using sustainable raw materials
wherever possible and we are excited to announce the immediate introduction of
high-performance textile finishes based on Solazyme algal oils. We plan to
further expand the use of this breakthrough technology into additional
products and markets starting in 2014.”
“Solazyme’s renewable Tailored™ algal oils are able to provide outstanding
performance and a more sustainable solution with better lubrication, surface
tension and viscosity index, plus enhanced stability at elevated temperature,
pressure and/or speed, making them ideal for technical applications like
textile finishes and for the general lubricants market,” said Rob Evans, Vice
President, Sales, Solazyme. “We have executed an agreement to supply
Goulston’s high oleic oil needs using our best-in-class algal derived high
oleic oil and we look forward to further partnering with Goulston Technologies
to develop and commercialize an expanded portfolio of products in the future.”
As a result of continuing growth in global fiber production, industry
estimates now put the fiber lubricant market at more than 1 billion pounds
About Solazyme, Inc.
Solazyme, Inc. (SZYM) is a renewable oil and bioproducts company that
transforms a range of low-cost plant-based sugars into high-value oils.
Headquartered in South San Francisco, Solazyme’s renewable products can
replace or enhance oils derived from the world's three existing sources –
petroleum, plants and animal fats. Initially, Solazyme is focused on
commercializing its products into three target markets: (1) fuels and
chemicals, (2) nutrition and (3) skin and personal care.
Solazyme®, Tailored™, the Solazyme logo and other trademarks or service names
are trademarks of Solazyme, Inc.
This press release contains certain forward-looking statements about Solazyme,
including statements that involve risks and uncertainties concerning: its
development and commercialization plans; the anticipated demand for its
products; the attributes and performance of its products and uses therefor.
When used in this press release, the words “will”, “expects”, “intends” and
other similar expressions and any other statements that are not historical
facts are intended to identify those assertions as forward-looking statements.
Any such statement may be influenced by a variety of factors, many of which
are beyond the control of Solazyme, that could cause actual outcomes and
results to be materially different from those projected, described, expressed
or implied in this press release due to a number of risks and uncertainties.
Potential risks and uncertainties include, among others: implementation risk
in deploying new technologies; Solazyme’s limited history in commercializing
products; the success of Solazyme products in targeted applications and
markets; market acceptance of its products; its ability to obtain requisite
regulatory approvals; and its ability to enter into and maintain strategic
collaborations. Accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if
any of them do so, what impact they will have on the results of operations or
financial condition of Solazyme.
In addition, please refer to the documents that Solazyme files with the
Securities and Exchange Commission, including its Quarterly Reports on Form
10-Q, for a discussion of these and other risks. You are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the
date of this press release. Solazyme is not under any duty to update any of
the information in this press release.
Genet Garamendi, 650-780-4777
VP of Corporate Communications
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