KiOR Closes $75 Million Loan

Posted by admin on January 27th, 2012

PASADENA, Texas–(BUSINESS WIRE)–KiOR, Inc. (NASDAQ: KiOR), a next-generation renewable fuels company,
today announced that it has closed a $ 75 million four-year term loan
with a lender group comprised of an affiliate of Vinod Khosla and two
Canadian corporations owned by certain pension fund clients of Alberta
Investment Management Corporation (AIMCo).

“in the Company’s Quarterly Report on Form 10-Q as filed with
the United States Securities and Exchange Commission on August 15, 2011,
which”

“This follow-on investment in KiOR reaffirms the continued long-term
commitment of two of North America’s most knowledgeable renewable energy
investors in light of KiOR’s on-time and on-budget execution of its
first commercial facility in Columbus, Mississippi; KiOR’s continued
progress toward yield improvements in its R&D program; and prospects for
KiOR’s larger, second facility in Mississippi planned to break ground
after our Columbus facility is fully operational,” commented Fred
Cannon, Chief Executive Officer. Concluding, Mr. Cannon added: “The
additional capital de-risks KiOR’s near-term business plan, decreases
KiOR’s dependency on volatile capital markets and allows additional
front-end engineering work on our second facility.”

About KiOR

KiOR is a development stage, next-generation renewable fuels company
that has developed a unique two-step proprietary technology platform to
convert abundant and sustainable non-food biomass into gasoline, diesel
and fuel oil blendstocks. KiOR’s blendstocks may be transported using
existing distribution networks and are suitable for use in vehicles on
the road today. KiOR strives to help ease dependence on foreign oil,
reduce lifecycle greenhouse gas emissions and create high-quality jobs
and economic benefit across rural communities. For more information,
please visit www.KiOR.com.

Forward-Looking Statements

This release contains “forward looking” statements regarding future
results and events, including, without limitation, statements about: the
construction of and commercialization at our biomass-to-fuel facility in
Columbus, Mississippi, potential future sales of our fuels products, and
our anticipated future operations. For this purpose, any statements
contained herein that are not statements of historical fact may be
deemed forward looking statements. Without limiting the foregoing, the
words “believes,” “anticipates,” “plans,” “expects,” intends,”
“appears,” “estimates,” “projects,” “will,” “would,” “could,” “should,”
“targets,” and similar expressions are also intended to identify forward
looking statements. The forward looking statements in this press release
involve a number of risks and uncertainties. The Company’s actual future
results may differ significantly from the results discussed in the
forward looking statements contained in this press release. Such factors
and others are discussed more fully in the section entitled “Risk
Factors” in the Company’s Quarterly Report on Form 10-Q as filed with
the United States Securities and Exchange Commission on August 15, 2011,
which “Risk Factors” discussion is incorporated by reference in this
press release. If any of these risks or uncertainties materialize, or if
our underlying assumptions prove to be incorrect, actual results, levels
of activity, performance or achievement may vary significantly from what
we projected. The Company specifically disclaims any obligation to
update these forward looking statements in the future. These
forward-looking statements should not be relied upon as representing the
Company’s estimates or views as of any date subsequent to the date of
this press release. The Company specifically disclaims any obligation to
update these forward looking statements in the future.