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Evonik Industries Selects OPX Biotechnologies for Joint Development of Bio-Based Chemicals
Date:5/14/2013

BOULDER, Colo. and ESSEN, Germany, May, 14 2013 /PRNewswire/ -- OPX Biotechnologies, Inc. (OPXBIO) and Evonik Industries AG today announced the two companies have entered into an agreement to jointly develop certain bio-based specialty chemicals. The joint-development agreement signed May 3rd 2013 calls for OPXBIO to use its proprietary EDGE™ (Efficiency Directed Genome Engineering) technology to develop the bio-processes.

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"There's a growing market demand for more sustainable products and processes, and OPXBIO is an excellent partner to help us meet that demand because their technology can create high-value, bio-based chemicals quickly and cost-effectively," said Dr. Thomas Haas , Vice President Science-to-Business Center Biotechnology of Creavis, the strategic research and development unit of Evonik.

"Evonik is a leading global specialty chemicals company, and we're looking forward to helping them expand their portfolio of bio-based chemicals," said Charles R. (Chas) Eggert , OPXBIO president and CEO. "The bio-process we're developing has the potential to create economic and sustainable versions of products we use in our everyday lives." According to the agreement, OPXBIO will also be able to market bio-based products resulting from the Evonik collaboration.

About OPXBIO

OPX Biotechnologies (OPXBIO) is a leader in sustainably transforming the business of chemistry. As the "Good Chemistry" company, OPXBIO provides more sustainable value to customers by applying its proprietary EDGE ™ (Efficiency Directed Genome Engineering) technology to produce economic, bio-based chemicals that directly replace existing petroleum-
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SOURCE OPX Biotechnologies Inc.
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