CUPERTINO, CA / ACCESSWIRE / September 30, 2016 / Aemetis, Inc. (NASDAQ: AMTX), On August 18, 2016, a nonqualified stock option for the purchase of 12,000 shares of common stock at an exercise price of $1.63 (the closing price of Aemetis' common stock on August 18, 2016) was made pursuant to the Aemetis, Inc. Employment Inducement Stock Plan, which was approved by the Governance, Compensation and Nominating Committee of the Board on March 19, 2015. The award vests quarterly over three years and has a maximum term of ten years (subject to earlier termination in connection with termination of service to the company). The award was made to Philip Cherry, Plant Manager, who brings over 30 years of management and renewable fuels experience to the Aemetis team.
Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace traditional petroleum-based products by the conversion of second-generation ethanol and biodiesel plants into advanced biorefineries. Founded in 2006, Aemetis owns and operates a 60 million gallon per year ethanol production facility in California's Central Valley, near Modesto. Aemetis also owns and operates a 50 million gallon per year renewable chemical and advanced fuel production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India, the US and Europe. Aemetis operates a research and development laboratory at the Maryland Biotech Center, and holds a portfolio of patents and related technology licenses for the production of renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com.
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SOURCE: Aemetis, Inc.