Over the last three years under REG ownership, the Life Sciences subsidiary has advanced its technology, increased the number of potential products that can be made from the technology and expanded its intellectual property portfolio.
"REG Life Sciences recently announced its first commercial product,"
There can be no assurance that the strategic review will result in any specific action or transaction. REG does not intend to provide updates concerning this strategic review process until its Board of Directors has approved a specific action or REG has otherwise determined that further disclosure is appropriate.
For more than a decade, REG has been a reliable supplier of advanced biofuels which meet or exceed ASTM quality specifications. REG sells REG-9000 biomass-based diesel to distributors so consumers can have cleaner burning fuels that help diversify the energy complex and increase energy security. REG-9000 biomass-based diesel is distributed in most states in the US. REG also markets ultra-low sulfur diesel and heating oil in the northeastern and midwestern US. For more information on REG visit our website at www.regi.com.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to the REG's review of strategic
alternatives for its Life Sciences subsidiary with a view to benefiting
shareholders. These forward-looking statements are based on current
expectations and assumptions, are subject to change, and actual results
may differ materially. Factors that could cause actual results to differ
materially include that REG's strategic review may not result in any
specific action or transaction, that any strategic alternative pursued
by REG may not result in an increase in shareholder value and other
risks and uncertainties described from time to time in REG's annual
report on Form 10-K for the year ended
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