Statement from METabolic EXplorer
Clermont-Ferrand , October 8th 2012 – METabolic EXplorer, a green chemistry company that specializes in the development of bioprocesses for the production of chemical compounds used in a wide range of everyday products (textile fibres, paints, solvents, animal feed supplements, adhesives, etc.), informs:
Company reorganisation project
To cope with the new economic situation and the change in market conditions since the beginning of the year, the company convened a meeting of the Works Council on 5 October to inform it of a reorganisation project. The plan fits in with a new schedule and addresses a greater need for competitiveness.
Another meeting of the Works Council will be convened on October, 15 to discuss the reorganisation project, especially its impact on employment. The project would take the workforce to around 75 people.
The thrust of the project is to deploy the technologies on which METEX plans to focus, both in relation to its partners and in its own developments.
About METabolic EXplorer - www.metabolic-explorer.com
METabolic EXplorer is a biological chemistry company which was incorporated in 1999. Its goal is to help industrial businesses deal with the projected rise in oil prices, so that they can continue to manufacture but in a sustainable way.
Based on the tried and tested principle of industrial fermentation, METabolic Explorer's solutions replace today's petrochemical processes with the use of a wide range of plant-based raw materials. By optimizing the metabolic yield of non-pathogenic bacteria in a contained, controlled environment, the company facilitates the production of chemical compounds used in a wide range of everyday goods (textile fibres, paints, solvents, plastics and animal feed).
METabolic EXplorer is currently focusing its alternative processes on the production of five compounds that together have an estimated, annual, end-market value of €11 billion. The company's strategy will be implemented in forms such as own-account developments (ie, manufacturing plants) in geographically strategic regions and via limited exclusivity industrial partnerships in the shape of joint ventures and licences.
METabolic EXplorer, based in Clermont-Ferrand, France, is listed on EURONEXT PARIS (EURONEXT C, METEX) and features in CAC Small.
Get free financial information on METabolic EXplorer by registering with
www.metabolic-explorer.com or www.actus-finance.com.
METabolic EXplorer contacts
Media and shareholder contacts
Eric de Lambert
Tel.: +33 (0)1 4970 4341 / +33 (0)6 2529 0658
Investor and analyst contacts
Tel.: +33 (0)1 7735 0436
This communication includes forward-looking information which is subject to risks and uncertainties. The potential development of the company could be substantially different from that anticipated in this press release because of the various risk factors which are described in the company's Listing Prospectus.