Solazyme Named 2012 Technology Pioneer by World Economic Forum
Company Recognized for its Cutting-Edge, Renewable Oil Technology Platform
SOUTH SAN FRANCISCO, Calif.-Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, announced today it has been selected by the World Economic Forum as a 2012 Technology Pioneer. The Forum selects 25 of the most innovative technology companies from around the world to be part of its annual class of Technology Pioneers. According to the Forum, these companies represent the latest generation of innovators that are poised to have a critical impact on how business and society work.
Solazyme has focused its innovation efforts on commercially producing renewable, tailored oils that not only mirror or enhance the chemical composition of conventional oils used today, but act as drop-in replacements that are compatible with the existing production, refining, finishing and distribution infrastructure in the fuels and chemicals, nutrition, and skin and personal care space.
“We are honored to be recognized as a Technology Pioneer by the World Economic Forum. Solazyme’s renewable oil production technology addresses two of the world’s most challenging needs, the growing demand for energy and food. As both the global population and the demand for oil increases, we as a society are going to have to meet these needs sustainably and economically,” said Jonathan Wolfson, CEO, Solazyme. “Our tailored oil technology enables us to do this as we build a true 21st century oil company. ”
Each year, The World Economic Forum receives hundreds of Technology Pioneer applications from around the world, which are evaluated by over 50 global technology experts. The selection committee includes leading academics, journalists, technologists and venture capitalists.
Solazyme and its fellow Technology Pioneers of 2012 will be recognized for their work at the Annual Meeting of the New Champions in Dalian, People’s Republic of China, from September 14-16, 2011.
About Solazyme, Inc.
Solazyme, Inc. (NASDAQ: SZYM) is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value oils. Headquartered in South San Francisco, Solazyme’s renewable products can replace or enhance oils derived from the world’s three existing sources – petroleum, plants and animal fats. Initially, Solazyme is focused on commercializing its products into three target markets: (1) fuels and chemicals, (2) nutrition and (3) skin and personal care.
Solazyme®, the Solazyme logo and other trademarks or service names are trademarks of Solazyme, Inc.
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Contact
Genet Garamendi
Solazyme, Inc.
VP of Corporate Communications
press [at] solazyme [dot] com