Danimer Scientific Appoints Keith A. Edwards as Vice President of Business Development

Rhea-AI Summary

Danimer Scientific (NYSE: DNMR) has appointed Keith A. Edwards as Vice President of Business Development. With over 30 years in the polymer industry, including leadership roles at BASF and Chevron Phillips Chemical, Edwards aims to expand Danimer's biodegradable alternatives to traditional plastics. Stephen E. Croskrey, CEO, expressed confidence in Edwards’ ability to enhance market opportunities as Danimer grows its manufacturing capacity. Edwards emphasized the potential for collaboration in sustainable solutions for single-use plastics.

Positive

• Appointment of Keith A. Edwards brings 30+ years of polymer industry experience.
• Edwards’ leadership expected to enhance market opportunities for biodegradable plastics.
• Growing manufacturing capacity aligns with increased commercial scale of Nodax® biopolymers.

Negative

• None.

Edwards brings technical expertise and business leadership built over a 30-year career with industry-leading polymer manufacturers including BASF and Chevron Phillips Chemical

BAINBRIDGE, Ga.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced it has appointed Keith A. Edwards as Vice President of Business Development. In this role, Edwards will focus on growing market opportunities for Danimer’s biodegradable alternatives to traditional plastic as the Company continues to expand its manufacturing capacity.

Edwards joins Danimer after nearly 18 years with BASF Corporation, the North American affiliate of the largest chemical producer in the world. He most recently served as Head of Specialty Polymers, where he led sales and marketing for packaging and extruded applications of various polymers. Prior to BASF, Edwards served as petrochemical supply director for Chevron Phillips Chemical Company, LLC (“CPChem”), a leading polymer and petrochemical product manufacturer jointly owned by Chevron Corporation and Phillips 66. Over his 30-year career, Edwards has vast experience across application and process development, packaging structure innovation, polymer manufacturing, and sales and business development. He is a graduate of Florida State University with a Bachelor of Science degree in Mechanical Engineering.

Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, said, “Keith’s proven ability to lead sales and business development for the world’s largest chemical producers will further empower Danimer to meet our mission of reducing the environmental impacts of plastic waste. As our manufacturing capacity grows, we look forward to working with Keith to provide more brands worldwide with biodegradable alternatives to traditional plastic.”

Edwards added, “This is an exciting time to join Danimer Scientific, as Nodax® and other biopolymers are introduced to the market at increasing commercial scale. With growing capacity coming online, there is tremendous opportunity to collaborate with our customers and sustainably transform the world of single-use plastics one new application at a time.”

For more information, please visit www.DanimerScientific.com.

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 390 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

Forward‐Looking Statements

Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220215005323/en/

For Danimer:

Investors

ir@danimer.com

Phone: 229-220-1103

Media

Anthony Popiel

apopiel@daltonagency.com

Phone: 404-876-1309

Source: Danimer Scientific, Inc.

FAQ

Who is Keith A. Edwards and what is his role at Danimer Scientific?

Keith A. Edwards has been appointed Vice President of Business Development at Danimer Scientific, focusing on expanding market opportunities for biodegradable materials.

What experience does Keith A. Edwards bring to Danimer Scientific?

Edwards brings over 30 years of experience from BASF and Chevron Phillips Chemical, specializing in polymer manufacturing and business development.

What is the significance of Danimer Scientific's manufacturing capacity expansion?

The expansion aims to satisfy growing demand for biodegradable alternatives to traditional plastics, particularly Nodax® biopolymers.

How does Keith A. Edwards' appointment impact Danimer Scientific's future?

His leadership is expected to drive growth and collaboration, enhancing Danimer's market position in sustainable bioplastics.