Botaneco Partners with Multinational Nutrition Company and signs new Supply Agreement
August 23 2012 - 9:00AM
PR Newswire (Canada)
QUEBEC, Aug. 23, 2012 /CNW/ - Botaneco Corp. ("Botaneco") , a
leading natural specialty ingredients company providing key
ingredients to the food and personal care industries, today
announces that it has partnered with a multi-billion dollar
international nutrition company. Under the terms of a
twelve-month partnership, Natunola Health Inc., a subsidiary of
Botaneco, will work with this new partner to process and deliver
approximately 1,000,000 pounds of flax per year. The unique
technology employed yields a functional flax ingredient that allows
our partner to claim a combination of the patent-pending functional
properties of the flax together with an excellent concentration of
Omega-3 oil. This, together with the ingredient's extended
shelf life stability, allows for a competitive marketing advantage
over other flax ingredients, especially as Omega-3 oil has well
publicized health benefits and is considered an essential nutrient.
"Botaneco has significant capabilities to extract high value,
sustainable, and stable ingredients from all parts of the seed,
offering significant competitive advantages." stated Michelle
Scarborough, CEO of Botaneco. "Working with this new partner
provides an opportunity to expand that capability and meet the ever
increasing market opportunities for flax in food and nutritional
segments of the global market. We are delighted to partner
with this international nutrition company and look forward to
further developing our relationship with them." The total dollar
amount of the business is in excess of CDN $1,000,000 and both
parties agree to negotiate a new term 60 days before the
twelve-month period concludes. Processing will occur at Natunola's
40,000 square foot plant in Winchester, Ontario with the ability to
expand the facility should demand for this unique proprietary flax
product increase. About Botaneco Corp. Botaneco Corp is
a world leader in the development of natural specialty ingredients
and technologies that meet tomorrow's needs, today. The Company's
true expertise is turning Mother Nature's energy source, the Seed,
into high value proprietary ingredients sold into food and personal
care products worldwide. Headquartered in Calgary, Alberta,
the company operates two state of the art manufacturing sites in
Alberta and Ontario with a robust research and development
capability. The Company has developed, patented and commercialized
a suite of technologies, and has over 200 customers today.
The company has been awarded the Canadian Agri-Food Award of
Excellence for its flaxseed technology marketed in the natural food
industry. Botaneco holds patents for its Hydresia Oleosome,
Vegetable Oil Gel, Whey Protein and Flaxseed De-hulling
technology. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Botaneco Corp. CONTACT: Murray
BruceCFOBotaneco Corp.(403) 668-4612brucem@botaneco.ca Kevin
Richardson, PhDPresident & CEONewplanet Inc(204)
899-3868Kevin@newplanetinc.ca
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