Solazyme Announces Transition Of David Cole To Strategic Advisor

me, Inc. SZYM announced today that after successfully completing the build out of a series of important operating capabilities, President David Cole is transitioning from an executive operational role back to the advisory role he occupied prior to January 2014. His advisory responsibilities will be broadened to include leadership of the Company's strategic advisory boards. Mr. Cole will be stepping down from the Board of Directors as part of the transition. Solazyme CEO Jonathan Wolfson noted, “I want to express sincere gratitude to David for his positive and high impact leadership. Over a year ago, we asked David to step up from his long-standing advisory role to help the Company build out its management systems and expand its leadership team, all of which he did very effectively. David has also enhanced our advisory network, improved our operational structure and helped position Solazyme to scale commercial operations.” Business Update The Company continues to make progress in its commercial ramp-up, with three production facilities now in various stages of operations. The Company is consistently producing and shipping product from Peoria for its AlgaVia™ food business. It is also consistently producing and shipping product from Clinton/Galva where there has been continued customer growth, with sales of different oils and products to more than thirty customers. Progress continues at the Solazyme Bunge JV Brazilian production facility at Moema. The company is pleased to report that construction of the plant is complete and the third party engineering, procurement and construction (EPC) firm is no longer on site. Solazyme's core fermentation technology is performing well at Moema, with ongoing successful large-scale fermentations of two different products in multiple full-scale production vessels. Although the key downstream unit operations are functional all the way to oil production, and modest quantities of finished product continue to be produced and shipped, downstream processes at Moema require further optimization and are not yet operating on a fully integrated basis. This is an area of significant focus and ongoing improvement. These and other developments will be discussed on Solazyme's investor conference call for the third quarter of 2014, which as announced separately today will be held on November 5, 2014.