State of Kentucky Presents Danimer Scientific With Honorary Proclamation on National Biobased Products Day

Rhea-AI Summary

Danimer Scientific, Inc. (NYSE: DNMR) has been recognized by the state of Kentucky for its innovative contributions to the biobased products industry during National Biobased Products Day on March 8. Katie Smith from the Kentucky Cabinet for Economic Development presented the proclamation at Danimer's Winchester facility, highlighting the company's commitment to sustainable bioplastics. The Winchester site is noted as the world's first commercial production facility for FDA-approved Nodax®, a fully biodegradable material suitable for food contact applications. Danimer's bioplastics are already utilized in popular U.S. chains like Starbucks and Costco.

Positive

• Recognition from Kentucky for innovative biobased product initiatives.
• First commercial production facility for FDA-approved biodegradable Nodax®.
• Products already adopted by major retailers, enhancing market presence.

Negative

• None.

State and local dignitaries visit bioplastics manufacturer’s Winchester facility to recognize its pioneering work in the biobased products industry

WINCHESTER, Ky.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”) announced that the State of Kentucky has issued a proclamation honoring the company for its “pioneering and innovative work in the biobased products industry” in celebration of National Biobased Products Day on March 8.

Katie Smith, deputy secretary and commissioner of the Kentucky Cabinet for Economic Development, visited Danimer’s Winchester production facility to present the proclamation. Also in attendance at the ceremony were JoEllen Reed, mayor of Winchester; Les Yates, Clark County judge-executive; Bruce Manley, campus director at the Kentucky Community and Technical College System; Brad Sowden, executive director of the Winchester-Clark County Industrial Authority; and Erika O’Brien, assistant director of the Winchester-Clark County Industrial Authority.

National Biobased Products Day, established in 2023 by the U.S. Department of Agriculture, is intended to raise awareness of biobased products, along with highlighting their benefits and contributions to the U.S. economy.

“We appreciate Gov. Andy Beshear and the State of Kentucky recognizing Danimer’s efforts to drive the movement toward the broader use of bioplastics,” said Kevin Welsh, plant manager at Danimer Scientific. “Our Winchester facility is instrumental to our plans to meet the growing demand for sustainably produced bioplastic products that break down completely in nature or through composting, rather than polluting our lands and waters.”

The guests also toured Danimer’s facility, learning more about the company’s products and capabilities.

"I enjoyed my visit to Danimer’s facility and found it extremely interesting to learn more about the innovations they’re making in the bioplastics industry,” Katie Smith said. “We’re proud to have Danimer here in the state of Kentucky making a meaningful contribution to the wider use of biobased products and providing good-paying jobs for our people.”

Danimer’s Winchester facility is the world’s first commercial production facility for Nodax®, a 100% biodegradable PHA (polyhydroxyalkanoate) material that is FDA approved for food contact applications, making it an ideal replacement for single-use petrochemical plastic items like straws, utensils and food containers.

Among other places, Danimer’s PHA formulations can currently be found in all U.S. Starbucks stores, numerous Dunkin Donuts, all U.S. Costco food courts and all Sam's Club food courts. In addition, they’re on the shelves of Target, CVS and Walmart stores under various product names.

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/20230313005208/en/

For Danimer:

Investors

ir@danimer.com

Phone: 229-220-1103



Media

jhoughton@daltonagency.com

Phone: 615-515-4892

Source: Danimer Scientific, Inc.

FAQ

What recognition did Danimer Scientific (DNMR) receive in March 2023?

Danimer Scientific was honored by the state of Kentucky for its pioneering work in the biobased products industry during National Biobased Products Day on March 8, 2023.

Where is Danimer Scientific's production facility located?

Danimer Scientific's production facility is located in Winchester, Kentucky.

What is Nodax® and why is it significant for Danimer Scientific?

Nodax® is a 100% biodegradable PHA material produced at Danimer's facility. It is FDA-approved for food contact applications and serves as an eco-friendly alternative to conventional plastics.

Which major retailers use Danimer Scientific's bioplastics?

Danimer Scientific's bioplastics are used in U.S. Starbucks, Dunkin Donuts, Costco, Sam's Club, and various products in Target and CVS.