Gevo Hires Cowen & Company to Explore Strategic Alternatives
31 Mai 2016 - 3:00PM
Gevo, Inc. (NASDAQ:GEVO), a leading renewable technology, chemical
products, and next generation biofuels company, announced today
that it has commenced a review of strategic alternatives. The
Board of Directors of Gevo has engaged Cowen & Company, LLC as
financial advisor to assist in the review. The Board of
Directors and its advisor have established a process for outreach
to, and engagement with, interested strategic and financial
parties.
“After careful consideration, including discussions with a range
of stakeholders, we believe it is an appropriate time to undertake
a comprehensive review of the company’s strategic and financial
alternatives. The Board is thoroughly committed to exploring
strategic and financial alternatives while simultaneously
supporting management in the development of Gevo’s technology and
business. We believe that pursuing both of these paths is in the
best interests of all of our stakeholders, including our
stockholders, and is expected to maximize the value of Gevo,” said
Ruth I. Dreessen, Chairman of the Board of Directors of Gevo.
About Gevo
Gevo is a leading renewable technology, chemical products, and
next generation biofuels company. Gevo has developed proprietary
technology that uses a combination of synthetic biology, metabolic
engineering, chemistry and chemical engineering to focus primarily
on the production of isobutanol, as well as related products from
renewable feedstocks. Gevo’s strategy is to commercialize bio-based
alternatives to petroleum-based products to allow for the
optimization of fermentation facilities’ assets, with the ultimate
goal of maximizing cash flows from the operation of those assets.
Gevo produces isobutanol, ethanol and high-value animal feed at its
fermentation plant in Luverne, Minnesota. Gevo has also developed
technology to produce hydrocarbon products from renewable alcohols.
Gevo currently operates a biorefinery in Silsbee, Texas, in
collaboration with South Hampton Resources Inc., to produce
renewable jet fuel, octane, and ingredients for plastics like
polyester. Gevo has a marquee list of partners including The
Coca-Cola Company, Toray Industries Inc. and Total SA, among
others. Gevo is committed to a sustainable bio-based economy that
meets society’s needs for plentiful food and clean air and
water.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which relate to Gevo’s engagement of a financial
advisor and its review of strategic and financial alternatives, are
made on the basis of the current beliefs, expectations and
assumptions of the management and Board of Directors of Gevo and
are subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Gevo undertakes no obligation to update
or revise these statements, whether as a result of new information,
future events or otherwise. Although Gevo believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties
that may cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements and the
company cannot provide any assurance that its efforts will result
in the company pursuing any potential strategic or financial
alternative or that such an alternative, if pursued, will be
completed. For a further discussion of risks and uncertainties that
could cause actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Gevo in general, see the risk disclosures in the Annual
Report on Form 10-K of Gevo for the year ended December 31, 2015,
and in subsequent reports on Forms 10-Q and 8-K and other filings
made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact
David Rodewald
The David James Agency, LLC
+1 805-494-9508
gevo@davidjamesagency.com
Investor Contact
Shawn M. Severson
EnergyTech Investor, LLC
+1 415-233-7094
shawn@energytechinvestor.com
@ShawnEnergyTech
www.energytechinvestor.com
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