Amyris (NASDAQ: AMRS) shares surged over 9% this morning after the company said it has made noteworthy progress in the development of its healthy sweetener product technology and that it expects industrial production to occur in 2018. Amyris is developing a low calorie, sustainably sourced No Compromise® sweetener intended to be sold at a lower cost than sugar. “Our efforts to give the consumer sustainably sourced, best performing products without dangerous ingredients is really starting to payoff. We believe we have the leading market position for sustainable, healthy sweeteners and we are very excited about helping the world transition away from unhealthy sugars and accelerate the use of healthy sweeteners by providing the consumer a better taste experience and our partners better economics,” president and CEO John Melo stated in the news release.
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About Amyris
Amyris is an integrated renewable products company that is enabling the world’s leading brands to achieve sustainable growth. Amyris applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules and produce specialty ingredients and consumer products. The company is delivering its No Compromise® products across a number of markets, including specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals. More information about the company is available at www.amyris.com.
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