{"id":540310,"date":"2021-09-21T07:03:41","date_gmt":"2021-09-21T11:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/"},"modified":"2021-09-21T07:03:41","modified_gmt":"2021-09-21T11:03:41","slug":"recro-signs-renewable-energy-agreement-with-georgia-power","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/","title":{"rendered":"Recro Signs Renewable Energy Agreement With Georgia Power"},"content":{"rendered":"<h2>\nInvestment in Renewable Energy Credits Represents Key Component of Company\u2019s Ongoing Environmental Sustainability Program<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">EXTON, Pa., Sept.  21, 2021  (GLOBE NEWSWIRE) &#8212; Recro Pharma, Inc. (\u201cRecro\u201d; NASD: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SlapiiLGG5oeKXimg2KL79o0BdK1uLtYIRhJYzVr3NLpg7AC9nIgmziAyuhYHOaNlsynGPYX1Dxga0IW84s-D2aNskxPtZurFrm1f1zTl4s=\" rel=\"nofollow noopener\" target=\"_blank\">REPH<\/a>), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges in small molecule therapeutic development, today announced the signing of a renewable energy agreement with Georgia Power under which the company will purchase 1.2 million renewable energy credits (RECs) through Georgia Power\u2019s Simple Solar Program. The RECs purchased by Recro under this agreement support the generation of renewable electricity from low- or zero-emission resources, while also reducing the emissions associated with the company\u2019s electricity use. Today\u2019s announcement is being made in conjunction with Zero Emissions Day, which is celebrated around the world on September 21<sup>st<\/sup> each year.<\/p>\n<p align=\"justify\">As part of Georgia Power\u2019s Simple Solar Program, a REC is created for every megawatt-hour (MWh) of electricity that is generated and delivered to the power grid from a renewable energy source.\u00a0 Recro\u2019s RECs purchased contribute toward the equivalent reduction of 937,426 tons of carbon dioxide emissions and serve as a key component of the company\u2019s ongoing environmental sustainability program.<\/p>\n<p align=\"justify\">\u201cRecro is committed to environmental sustainability through our active support of programs and initiatives which reduce our company\u2019s impact on the environment. Today\u2019s agreement with Georgia Power to support the generation of green electricity is the latest action that Recro has taken in an effort to more efficiently utilize energy, water and materials, while minimizing waste,\u201d said Erica Raether, Recro\u2019s vice president of people, culture and ESG. \u201cWe believe that today\u2019s action will have a meaningful impact as the amount of renewable electricity associated with the 1.2 million RECs purchased from Georgia Power is equivalent to the total annual electricity use of more than 100,000 homes in the U.S.\u201d<\/p>\n<p align=\"justify\">To date, Recro has already made significant strides with its robust environmental sustainability program. This program, which includes a number of employee-focused and employee-led initiatives, has resulted in milestones in offsetting its carbon emissions and minimizing its energy and water usage. For example, since its inception in 2019, the environment sustainability program has led to estimated annual savings of more than 1.3 million pounds of carbon dioxide (C0<sub>2<\/sub>) and 300,000 gallons of water. To learn more about Recro\u2019s environment sustainability program, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nO_UvAynnfvcCkpD_AVhQ2PYdpoMljl5znGz3g_ZawGO8C6u0XvzZtbo9xGP4vVsSaeffy5_8AzblCCwL2k_J50CLHyybn1_syM2GbELKrIbPQ7OqxtFjdp9zz1WgFTiC5iirWUceX7th2w-hKRH4A==\" rel=\"nofollow noopener\" target=\"_blank\">www.recrocdmo.com\/about\/sustainability\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Recro<\/strong><br \/>\n        <br \/>Recro (NASD: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9pkBlE5X0sV1kjbfCh7tz1OoF7ioSaEa6ofW0YUxUdy63UNo6rOCRwItngg34KY3BaG2t0CDTaq9Ei7TTODKIiSPaz_69wPVV-EdJRavonE=\" rel=\"nofollow noopener\" target=\"_blank\">REPH<\/a>) is a bi-coastal contract development and manufacturing organization (CDMO) with capabilities spanning pre-Investigational New Drug (IND) development to commercial manufacturing and packaging for a wide range of small molecule therapeutic dosage forms. With an expertise in solving complex manufacturing problems, Recro is a leading CDMO providing small molecule therapeutic development, end-to-end regulatory support, clinical and commercial manufacturing, aseptic fill\/finish, lyophilization, packaging and logistics services to the global pharmaceutical market.<\/p>\n<p align=\"justify\">In addition to our experience in handling DEA controlled substances and developing and manufacturing modified release dosage forms, Recro has the expertise to deliver on our clients\u2019 pharmaceutical development and manufacturing projects, regardless of complexity level. We do all of this in our best-in-class facilities, which total 145,000 square feet, in Gainesville, Georgia and San Diego, California.<\/p>\n<p align=\"justify\">For more information about Recro\u2019s CDMO solutions, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PW5NwmVAhTae5u_UbC_wzGAsK04AZ-IzuTBGuMNfDGaYXkTr5gpqQLj-iPs9NUlFTiC_QAV9RP9Kkt_WIyUzgF9cMZHVy0-lSoY8bjOZGc0=\" rel=\"nofollow noopener\" target=\"_blank\">recrocdmo.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, among other things, the Company\u2019s expectations regarding the completion of the proposed public offering, the Company\u2019s use of proceeds from the proposed offering, and other statements. The words \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cupcoming\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cplan\u201d, \u201cpredict\u201d, \u201cproject\u201d, \u201cwill\u201d and similar terms and phrases may be used to identify forward-looking statements in this press release. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Factors that could cause the company\u2019s actual outcomes to differ materially from those expressed in or underlying these forward-looking statements include risks and uncertainties associated with the ongoing economic and social consequences of the COVID-19 pandemic, including any adverse impact on the customer ordering patterns or inventory rebalancing or disruption in raw materials or supply chain; demand for the company\u2019s services, which depends in part on customers\u2019 research and development and the clinical plans and market success of their products; customers\u2019 changing inventory requirements and manufacturing plans; customers and prospective customers decisions to move forward with the company\u2019s manufacturing services; the average profitability, or mix, of the products the company manufactures; the company\u2019s ability to enhance existing or introduce new services in a timely manner; fluctuations in the costs, availability, and suitability of the components of the products the company manufactures, including active pharmaceutical ingredients, excipients, purchased components and raw materials, or the company\u2019s customers facing increasing or new competition. These forward-looking statements should be considered together with the risks and uncertainties that may affect our business and future results presented herein along with those risks and uncertainties discussed in our filings with the Securities and Exchange Commission at www.sec.gov. These forward-looking statements are based on information currently available to us, and we assume no obligation to update any forward-looking statements except as required by applicable law.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyOTMxMCM0NDE0MDg4IzIwMTc0Mzg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NjYxYmU0MzUtYWRiMy00Nzk3LTlhMzYtNGE2MjE0NGZiMGZhLTEwMjkwMTE=\/tiny\/Recro-Pharma-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contacts:\r\nStephanie Diaz (Investors)\r\nVida Strategic Partners\r\n415-675-7401\r\nsdiaz@vidasp.com\r\n\r\nTim Brons (Media)\r\nVida Strategic Partners\r\n415-675-7402\r\ntbrons@vidasp.com\r\n\r\nRyan D. Lake (CFO)\r\nRecro\r\n770-531-8365\r\nryan.lake@recroCDMO.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investment in Renewable Energy Credits Represents Key Component of Company\u2019s Ongoing Environmental Sustainability Program EXTON, Pa., Sept. 21, 2021 (GLOBE NEWSWIRE) &#8212; Recro Pharma, Inc. (\u201cRecro\u201d; NASD: REPH), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges in small molecule therapeutic development, today announced the signing of a renewable energy agreement with Georgia Power under which the company will purchase 1.2 million renewable energy credits (RECs) through Georgia Power\u2019s Simple Solar Program. The RECs purchased by Recro under this agreement support the generation of renewable electricity from low- or zero-emission resources, while also reducing the emissions associated with the company\u2019s electricity use. Today\u2019s announcement is being made in conjunction with Zero Emissions Day, which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Recro Signs Renewable Energy Agreement With Georgia Power&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-540310","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recro Signs Renewable Energy Agreement With Georgia Power - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recro Signs Renewable Energy Agreement With Georgia Power - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investment in Renewable Energy Credits Represents Key Component of Company\u2019s Ongoing Environmental Sustainability Program EXTON, Pa., Sept. 21, 2021 (GLOBE NEWSWIRE) &#8212; Recro Pharma, Inc. (\u201cRecro\u201d; NASD: REPH), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges in small molecule therapeutic development, today announced the signing of a renewable energy agreement with Georgia Power under which the company will purchase 1.2 million renewable energy credits (RECs) through Georgia Power\u2019s Simple Solar Program. The RECs purchased by Recro under this agreement support the generation of renewable electricity from low- or zero-emission resources, while also reducing the emissions associated with the company\u2019s electricity use. 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(\u201cRecro\u201d; NASD: REPH), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges in small molecule therapeutic development, today announced the signing of a renewable energy agreement with Georgia Power under which the company will purchase 1.2 million renewable energy credits (RECs) through Georgia Power\u2019s Simple Solar Program. The RECs purchased by Recro under this agreement support the generation of renewable electricity from low- or zero-emission resources, while also reducing the emissions associated with the company\u2019s electricity use. Today\u2019s announcement is being made in conjunction with Zero Emissions Day, which &hellip; Continue reading \"Recro Signs Renewable Energy Agreement With Georgia Power\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-21T11:03:41+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyOTMxMCM0NDE0MDg4IzIwMTc0Mzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Recro Signs Renewable Energy Agreement With Georgia Power","datePublished":"2021-09-21T11:03:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/"},"wordCount":903,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyOTMxMCM0NDE0MDg4IzIwMTc0Mzg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/recro-signs-renewable-energy-agreement-with-georgia-power\/","name":"Recro Signs Renewable Energy Agreement With Georgia Power - 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