TerraVia and Nestlé Purina Announce Joint Development Agreement
August 16 2016 - 8:48AM
Business Wire
To Work Together to Bring Algae Ingredients
to Companion Animal Health and Wellness
TerraVia, Inc. (NASDAQ: TVIA) a pioneer in algae based food
nutrition and specialty ingredients, and Nestlé Purina PetCare, a
premiere global manufacturer of pet products, today announced
entering into a joint development agreement targeting the companion
animal market. The agreement, which spans multiple years, will
leverage certain commercially available algae-based advanced
nutrition ingredients that TerraVia has developed as well as
additional innovative ingredients and product concepts in
TerraVia’s development pipeline.
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Algae is the mother of all plants and earth’s original super
food, and is a highly sustainable source of critical nutrients
providing health benefits to both humans and animals. TerraVia has
spent over a decade pioneering a broad range of algae-based
ingredients including a line of healthy oils and lipids, whole
algae proteins, omega-3 based ingredients and other products.
“TerraVia is a leader in algae nutrition innovation, and at
Nestlé Purina we are always seeking out new ingredients to advance
pet nutrition to help them live better, more active lives. We are
excited about the potential impact these algae-based ingredients
can make in the health and the lives of pets,” said Daniel Smith,
Vice President of R&D, Nestlé Purina.
“We are excited to partner with Nestlé Purina, a global leader
and innovator in pet care and nutrition, to help develop the next
generation of nutritious, sustainable pet foods that are better for
the planet and the pets that we all love,” said Jonathan Wolfson,
Chairman and CEO of TerraVia. “TerraVia and our strategic partners
are already demonstrating the impact our algae innovation platform
has in the culinary, specialty feed ingredient and personal care
categories. Our new partnership with Nestlé Purina builds on these
successes by leveraging our innovative platform to open important
doors into a very large market for companion animal nutrition.”
About TerraVia™
TerraVia™ is a next generation food, nutrition and specialty
ingredients company that harnesses the power of algae, the mother
of all plants and earth’s original superfood. With a portfolio of
breakthrough ingredients and manufacturing, the Company is well
positioned to help meet the growing need of consumer packaged goods
and established and emerging food manufacturers to improve the
nutritional profile of foods without sacrificing taste, and to
develop select consumer brands. The Company also manufactures a
range of specialty personal care ingredients for key strategic
partners. Headquartered in South San Francisco, the Company’s
mission is to create products that are truly better for people and
better for the planet. For additional information, please visit
TerraVia’s website at www.terravia.com.
About Nestlé Purina
PetCare
Nestlé Purina PetCare promotes responsible pet care, community
involvement and the positive bond between people and their pets. A
premiere global manufacturer of pet products, Nestlé Purina PetCare
is part of Swiss-based Nestlé S.A., a global leader in nutrition,
health and wellness.
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TerraViaGenet
Garamendipress@terravia.comorNestlé Purina
PetCareKeith Schopp,
314-982-2577keith.schopp@purina.nestle.com