ENGLEWOOD, Colo., May 31, 2016 (GLOBE NEWSWIRE) -- 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