Danimer Scientific to Ring Closing Bell at New York Stock Exchange April 17 to Launch Earth Week

Rhea-AI Summary

Danimer Scientific (NYSE: DNMR) announced that CEO Stephen Croskrey will ring the closing bell at the New York Stock Exchange on April 17 at 4 p.m. EST, coinciding with the start of Earth Week. This event underscores Danimer's commitment to environmental sustainability through its 100% compostable alternatives to conventional plastics, aimed at addressing the plastic waste crisis. The company released its 2022 ESG report, which is available for download on its website. Danimer is known for its innovative polymer, Nodax (TM) PHA, made from canola oil that is fully biodegradable and renewable. Since trading under the DNMR ticker starting December 30, 2020, Danimer has focused on producing sustainable plastic products while holding over 430 patents globally.

Positive

• Danimer's commitment to sustainability through products like Nodax PHA aligns with growing consumer demand for eco-friendly alternatives.
• The release of the 2022 ESG report demonstrates transparency and focuses on environmental responsibility, potentially attracting socially responsible investors.

Negative

• None.

Bioplastics company’s 2022 ESG report is now available

BAINBRIDGE, Ga.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”) announced today that Stephen Croskrey, chief executive officer of Danimer Scientific, will ring the closing bell at the New York Stock Exchange at 4 p.m. EST on Monday, April 17, marking the beginning of Earth Week.

“It’s auspicious timing for this ceremony to take place at the beginning of Earth Week, since our work at Danimer dovetails perfectly with the mission of the Earth Day movement,” Croskrey said. “We’re focused on developing sustainably sourced, 100% compostable alternatives to conventional petroleum-based plastics, helping to combat the plastic waste crisis and the effects of climate change. On this and future Earth Days, we intend to continue doing our part to create a healthier environment for our and future generations.”

As part of Earth Week, Danimer announced the release of its 2022 ESG report, which can be downloaded from its website at www.danimerscientific.com/esg-report.

Danimer Scientific is a pioneer in creating environmentally responsible and natural alternative solutions to traditional petroleum-based resins. The Company’s signature polymer, Nodax (TM) PHA (polyhydroxyalkanoate), is a 100% biodegradable, renewable and sustainable plastic produced using canola oil as a primary feedstock. The company began trading under the ticker symbol DNMR on the New York Stock Exchange on Dec. 30, 2020.

Members of Danimer’s management team will also be in attendance for the ringing of the closing bell. A livestream of the ceremony can be viewed at https://www.nyse.com/bell, and videos and photos during and after the ceremony will be shared by NYSE on its social media channels: YouTube, Facebook, Instagram, LinkedIn and Twitter.

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 430 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 on our business, operations and financial results from the ongoing conflict in Ukraine; 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/20230411005441/en/

Investors

James Palcynski

ir@danimer.com

415-876-8429



Media

Jonathan Houghton

jhoughton@daltonagency.com

615-515-4892

Source: Danimer Scientific, Inc.

FAQ

What is the significance of Danimer Scientific ringing the closing bell on April 17?

The closing bell ceremony at the NYSE marks the start of Earth Week and highlights Danimer's commitment to environmental sustainability.

What does Danimer Scientific's 2022 ESG report focus on?

The 2022 ESG report emphasizes Danimer's efforts in developing sustainable, compostable plastics and their impact on combating plastic waste.

What is Nodax PHA and why is it important?

Nodax PHA is Danimer's signature biodegradable polymer, made from renewable resources, positioning the company as a pioneer in sustainable plastics.

When did Danimer Scientific start trading on the NYSE?

Danimer Scientific began trading under the ticker symbol DNMR on December 30, 2020.