KODA Distribution Group and Solazyme, Inc. (NASDAQ: SZYM), a renewable
oil and bioproducts company, announced today they have entered into a
distribution partnership in the lubricants and metal working fluids
industry. Solazyme’s Renewable™ Tailored™ High Oleic Algal Oil will be
represented in the US and Canada by Monson Companies, Inc., a KODA
Distribution Group Company and leader in the industry. The partnership
will provide customers with access to the latest and most innovative oil
available supported by Monson’s technical knowledge and dedicated
laboratories for formulation and application assistance.
Monson Companies is a leader in the lubricant & metal working fluids
market, and according to Steve Barney, President of Monson Companies,
“We have been looking for the right replacement product for quite some
time. Our customers depend on us and require products that meet the
changing industry and government demands."
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Solazyme’s Renewable Tailored High Oleic Algal Oil delivers the key
high performance benefits of both natural oils and synthetic oils,
including enhanced lubricity, excellent viscosity, high flash point,
low toxicity, improved stability and predictable performance.
“Our goal is to accelerate the development and commercialization of
products formulated with Solazyme’s Tailored High Oleic Algal Oil,”
stated Frank Bergonzi, CEO and President of KODA Distribution Group
(KDG). He went on to emphasize, "KDG is specialty focused and
technically driven. We feel that Solazyme’s unique product complements
our portfolio and breadth of specialties. It delivers exactly what we
need - a bio based, algae-produced oil that we believe outperforms the
traditional petroleum based products in lubricants and metal working
fluids. This is a win/win for the industry, our customers and the
environment.”
“Solazyme strives to collaborate with premier leaders across the value
chain and Koda is an industry leader and valuable extension of our
organization in the metal working fluids and lubricants business,” said
Rob Evans Vice President, Sales, Solazyme. “Koda’s technical sales force
is uniquely positioned to develop and deploy superior products based on
our Tailored High Oleic Algal Oil and we’re excited to be partnered with
a company with a great reputation.”
ABOUT KODA DISTRIBUTION GROUP
Headquartered in Stamford, CT, KODA Distribution Group is a leader in
specialty chemical distribution, serving customers in CASE as well as
Specialty Agricultural (ADAPCO and Red River Specialties), plastics,
construction, CARE, lubrication, metalworking, ink and urethanes
markets. It is comprised of seven regional companies servicing those
markets in the United States: Ribelin Sales, Inc. in the Southwest and
Southeast; GMZ in the Ohio Valley/Midwest; P.T. Hutchins in the West;
E.W. Kaufmann in the Northeast/Mid-Atlantic as well as: Monson
Companies, ADAPCO and Red River Specialties. All seven companies share
similar approaches to their respective markets: deep technical expertise
and market knowledge; a service platform that includes marketing and
product management; a network of technical labs to support customers; a
focus on customer intimacy and an absolute devotion to customer service.
For more information, please contact Terry Mullin, Marketing
Coordinator, at tmullin@kodadistribution.com
or at 203.883.1477. www.kodadistribution.com.
About Solazyme
Solazyme, Inc. (SZYM) is a Renewable™ oil and bioproducts company that
transforms a range of low-cost plant-based sugars into high-value
Tailored™ oils and innovative microalgal food ingredients. Headquartered
in South San Francisco, Solazyme's Renewable™ Tailored™oils can replace
or enhance oils derived from the world's three existing sources —
petroleum, plants and animal fats.
Solazyme®, Tailored™ and Renewable™ 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.
Copyright Business Wire 2014