Codexis and Kalsec Announce Expanded Collaboration for Supply of Novel Enzyme to Sustainably Produce Natural Clean-Label Beverage Ingredient
July 26 2021 - 4:05PM
Codexis, Inc. (Nasdaq: CDXS), a leading enzyme engineering company
enabling the promise of synthetic biology, and Kalsec, Inc., a
leading global producer of natural spice and herb extracts, colors,
food protection and hop extracts for the food and beverage
industry, announced that the companies have expanded their research
collaboration and entered into an exclusive supply agreement for a
novel enzyme to produce Kalsec’s newest natural hop acid.
Codexis’ latest novel performance enzyme
product, developed in close collaboration with Kalsec’s innovation
team, will enable natural, biocatalytic production of new, advanced
hop products. Using Codexis’ CodeEvolver® technology platform, the
new enzyme was engineered for improved functionality, stability and
efficiency, delivering consistent hop characteristics and taste
that offer unique advantages for final beverage products. The
enzyme is expected to enable commercial-scale production of
Kalsec’s newest natural hop acid by early 2022.
“Kalsec is a pioneer in the development of
advanced hop products, and we continually seek innovative solutions
to deliver value to our customers and the end consumer,” said Scott
Nykaza, Chief Executive Officer of Kalsec. “This unique enzyme will
enable the product differentiation and benefits our customers need
to meet the market demand for high performing hop products. We are
very excited to expand our partnership with Codexis to drive
innovation through new, sustainable bioprocesses that capture the
best that nature has to offer.”
“We are delighted to grow our collaboration with
Kalsec to include the commercialization of this novel enzyme for
their hop extracts business, as well as the development of
additional new enzyme products,” said John Nicols, President and
Chief Executive Officer of Codexis. “Our CodeEvolver® platform is
unrivaled in its ability to discover and design ideal, high
performance enzymes that enable our partners to dramatically reduce
the cost and increase the sustainability of manufacturing their
products. Leveraging this engineering prowess to support
innovative, sustainable and clean-label products for our food and
beverage ingredients customers is core to our mission of creating
enzymes that make a difference, for the health of people and the
planet.”
Kalsec’s advanced hop products include HopRival®
natural hop extracts, Kettle Aroma Extracts, hop acids, high purity
hop oils, and special flavorings and custom blends that provide
sensory differentiators and brewing advantages to the global
brewing industry.
About CodexisCodexis is a
leading enzyme engineering company leveraging its proprietary
CodeEvolver® platform to discover and develop novel, high
performance enzymes and novel biotherapeutics. Codexis enzymes have
applications in the sustainable manufacturing of pharmaceuticals,
food, and industrial products; in the creation of the next
generation of life science tools; and as gene therapy and biologic
therapeutics. The Company’s unique performance enzymes drive
improvements such as: reduced energy usage, waste generation and
capital requirements; higher yields; higher fidelity diagnostics;
and more efficacious therapeutics. Codexis enzymes enable the
promise of synthetic biology to improve the health of people and
the planet. For more information, visit www.codexis.com.
About KalsecKalsec provides
natural Taste & Sensory Solutions, Colors, Food Protection and
Advanced Hop Products to the food and beverage industries. We
capture the best nature has to offer and utilize over 60 years of
experience and industry leading innovation to make food and
beverage products look better, taste better and last longer. Family
owned and headquartered in Kalamazoo, Michigan since 1958, Kalsec
has regional offices, laboratories and sales teams in North
America, Europe and Asia. As a certified B Corp, Kalsec makes
ethical and sustainable decisions that serve our customers,
employees, communities, and the environment. We are proud to be
using our business as a force for good. For more information, visit
www.kalsec.com.
Forward Looking StatementsTo
the extent that statements contained in this press release are not
descriptions of historical facts regarding Codexis, they are
forward-looking statements reflecting the current beliefs and
expectations of management made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including Codexis’ expectations regarding the prospects for
developing additional new enzyme products for Kalsec and the timing
for Kalsec’s commercial-scale production of its newest natural hop
acid. You should not place undue reliance on these forward-looking
statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond
Codexis’ control and that could materially affect actual results.
Factors that could materially affect actual results include, among
others: Codexis’ dependence on its collaborators and effects to
Codexis’ business in light of uncertain demand for our
collaborators’ products in their markets. Additional information
about factors that could materially affect actual results can be
found in Codexis’ Annual Report on Form 10-K filed with the
Securities and Exchange Commission (“SEC”) on March 1, 2021, and in
Codexis’ Quarterly Report on Form 10-K filed with the SEC on May 7,
2021, including under the caption “Risk Factors,” and in Codexis’
other current and periodic reports filed with the SEC. Codexis
expressly disclaims any intent or obligation to update these
forward-looking statements, except as required by law.
Codexis Contact:Argot PartnersStephanie
Marks/Carrie McKimCodexis@argotpartners.com(212) 600-1902
Kalsec Contact:Mark Staples Executive Director
of Global Marketing mstaples@kalsec.com (269) 339-4208
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