Amyris Announces Multi-Year Technology Investment Agreement With DARPA Worth Up to $35 Million

Business News/Analysis California DARPA (Defense Advance Research Projects Agency)Defense (DOD)Federal Agency/Executive Branch grants

September 23, 2015

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(Amyris) Anticipated to Expand Portfolio by Adding Hundreds of Molecules Across Multiple Development Platforms - Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, today announced a multi-year, Technology Investment Agreement (TIA) worth up to $35 million with the Defense Advanced Research Projects Agency's (DARPA) Biological Technologies Office to create new research and development tools and technologies that will significantly reduce the time and cost of bringing new molecules to market. Amyris has chosen five specialized subcontractors to assist in achieving these innovations.

"This agreement will foster the development of new bio-based manufacturing solutions that should position the U.S. as a leader in the development and deployment of biotechnology-based products. We're excited to be part of this transformation and are thankful for DARPA's support to pursue it," said John Melo, President & CEO of Amyris.

According to DARPA, its focus in working with industrial biotechnology companies is to competitively solicit "innovative proposals to develop new tools, technologies and methodologies" to create new capabilities in biotech. The tools and infrastructure developed through DARPA-funded efforts are expected to enable the rapid and scalable development of transformative defense-relevant products and systems that are currently too complex to access.

Among these efforts is a focus on development of next-generation tools and technologies with the goal of compressing the time to market for any new molecule by at least 10-fold in both time and cost. Amyris will leverage its current and planned infrastructure to generate commercial-scale amounts of hundreds of new molecules of relevance to DARPA's Living Foundries program. These molecules are anticipated to include chemical building blocks for accessing radical new materials that are impossible to create with traditional petroleum-based feedstocks.

Beyond the anticipated industry-wide advancements to be made, this effort is expected to expand Amyris's research activities across multiple new organisms, add hundreds of new molecules from multiple pathways to Amyris's production portfolio, and integrate several advanced technologies into Amyris's strain improvement pipeline.

"This agreement holds the potential to make the promise of industrial biotechnology a reality. Our demonstrated capability to develop and deliver No Compromise® products, which are now disrupting personal care, industrial and health care markets, positions us well to play a role in advancing this technology for our country and helping make our planet more sustainable," said Melo. "Amyris's advanced strain engineering processes have been used to create unique and innovative molecules and products across industrial, personal care and health segments. This agreement could facilitate a radical expansion of our collection of building block molecules and give our industrial partners the opportunity to develop unique products with novel performance characteristics at a vastly accelerated rate."

Key Facts About the Agreement:

Amyris considers this agreement to be important to the company in that it is expected to:

Enable the taking of numerous molecules from concept to commercialization in significantly less time and at lower cost
Diversify the company's portfolio of host organisms and molecule classes
Enable the development and integration of innovative new technologies into the company's strain improvement pipeline including significant advances in analytics, automation, machine learning and artificial intelligence, "big data" analysis, and human-machine interaction to solve complex biological problems
Enable simultaneous scale-up of hundreds of molecules with a wide array of end-market applications
Establish the company as a key contributor to the development of a true bioeconomy that routinely uses biology to supply useful molecules from abundant, plant-derived feedstocks without impacting the world's food supply
Position the company to pursue a much broader array of additional collaborations ─ beyond its historical scope ─ to co-develop game-changing technology improvements across a variety of specialty chemicals and materials.

Today's announcement follows an earlier $8-million TIA with DARPA, announced by Amyris in June 2012, for the development of tools to expand the scope of Amyris's industrial synthetic biology technology platform across various biological platforms and cell types. READ MORE and MORE (Biofuels Digest)