Developments in Malaysia : Announcement by METabolic EXplorer and Bio-XCell

Clermont-Ferrand (France) and Kuala Lumpur (Malaysia) – 2 January 2013 – 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.), and Malaysian Bio-XCell (Bio-XCell), the developer of the Bio-XCell biotechnology park and ecosystem in the Iskandar region of Malaysia, inform;

In October, METabolic EXplorer and Bio-XCell signed an agreement establishing that a seven-month period would be required to pursue METabolic EXplorer's plant construction project in Malaysia in the best possible conditions. To recap, the period is split into three main phases:

• The first phase consists of validating, through on-site analyses, the change in approach of Bio-XCell and the solutions required to reach that end.

• The second phase consists of adjusting some contractual conditions.

• The final phase consists of finalising any required soil conditioning work in order for METabolic EXplorer to resume construction of the PDO plant.

The initial-phase analyses are now complete. In parallel, METabolic EXplorer and Bio-XCell have already launched discussions aimed at amending the existing contract, notably to adjust the schedule and financing plan to the new situation.

Initial discussions have confirmed the determination of both partners to make the METabolic EXplorer plant a benchmark in this new innovative regional biotech park in Asia Pacific.

-ENDS-

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.

About Bio-XCell - www.bio-xcell.my

 

Bio-XCell, a biotechnology park and ecosystem dedicated to healthcare and industrial biotechnology is being developed by Malaysian Bio-XCell Sdn Bhd, a joint venture company formed between Malaysian Biotechnology Corporation and property developer UEM Land Berhad.

Bio-XCell is strategically located on 160 acres in Nusajaya, within the Iskandar region of Johor, Malaysia, and close to the border with Singapore providing global connectivity through a network of five seaports and two international airports, all within 59 km.

Bio-XCell has been planned to offer an environment conducive for the development and manufacturing of biologics, pharmaceuticals, bio-based / green chemicals and other solutions to heal, fuel and green the world.

 

As a managed park, Bio-XCell will provide its clients and investors with a range of value added benefits including comprehensive infrastructure, high speed internet access, park maintenance and security as well as core facilities to nurture the ecosystem.

Key facilities of the park include the Central Hub and Central Utilities Facility (CUF). The Central Hub is a centrally located, multipurpose complex featuring a business centre, auditorium, lab & office space as well as amenities such as F&B and retail outlets. The CUF will provide specialised utilities for biomanufacturing to the park's clients. As an alternative to building a customised facility, clients can also locate their operations in one of the ready-built standard shell buildings which can be fitted out to suit the specific operational needs of the client.

Media and shareholder contacts :

 

METabolic EXplorer :

ATTITUDE Corporate

Eric de Lambert

E-mail : [email protected]

Tel.: +33 (0)1 4970 4341 / +33 (0)6 2529 0658

 

Malaysian Bio-XCell :

Sharan Sambhi

GM, Market Development

Email : [email protected]

Tel: +607 2773647 / +603 2116 8555

 

Investor and analyst contacts

 

Actus Finance

Jérôme Fabreguettes-Leib

E-mail: [email protected]

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.

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