Exclusivity Agreement
June 29 2010 - 2:00AM
UK Regulatory
TIDMONG
RNS Number : 3615O
Oxford Nutrascience Group PLC
29 June 2010
Oxford Nutrascience Group plc
("Oxford Nutrascience" or "the Company")
Collaboration and exclusivity agreement with world's largest Omega-3 supplier
for confectionary chews
Oxford Nutrascience ("the Company") has signed a European exclusivity supply
agreement with Ocean Nutrition Canada Limited, the world's largest supplier of
Omega-3 EPA/DHA ingredients to the dietary supplement and food manufacturing
markets.
Under the terms of the five year agreement Ocean Nutrition Canada Limited
("ONC") will supply it's MEG-3 branded Omega-3 ingredients for exclusive use
across the European Union, in any of Oxford Nutrascience's confectionery chews.
In addition Oxford Nutrascience and Ocean Nutrition Canada have agreed to work
closely together to cross-sell each other's products to their own customer
bases. This collaboration agreement will provide Oxford Nutrascience access to
many of the largest food and supplement manufacturers who use ONC's MEG-3
ingredient in their products. This will create a significant marketing
opportunity for Oxford Nutrascience to fully exploit its chew technology.
As the world's foremost producer of Omega-3 EPA/DHA from fish oil, ONC sets
global standards for product purity, quality, reliability, innovation, and
service. MEG-3 ingredients meet or exceed worldwide quality standards with some
of ONC's fish oils being the first and only fish oils to achieve United States
Pharmacopeia dietary supplement ingredient verification.
Ocean Nutrition Canada Limited's MEG-3free flowing Omega-3 EPA/DHA powder has a
unique molecular construction that locks in the health benefits of Omega-3 and
locks out even the slightest taste of fish. The health benefits of fish oil are
believed to include brain and eye development in infants and cardiovascular
benefits in adults.
Omega-3 enriched foods and beverages have entered an explosive growth phase in
the global retail market, according to Packaged Facts (2007), which also
forecasts Omega-3 sales to be worth about $7 billion by 2011. Market researcher,
Nielsen recently noted that Omega-3 products have bucked the recession to record
42 percent growth during 2009 in the US, as consumer interest in healthy eating
grows.
Oxford Nutrascience's soft chew technology uses soluble fibre to enable
functional ingredients such as vitamins and minerals to be added without
compromising taste, texture and stability. Importantly the technology also
deliversconfectionery that is high in fibre yet reduced in sugar and fat.
Oxford Nutrascience has also developed a cranberry supplement chew and both
chews will be available to consumers during the second half of 2010. The
products will be promoted as part of the Group's own product range and are also
being made available to other over-the-counter (OTC) consumer healthcare
companies seeking to use Oxford Nutrascience's confectionery technology.
Nigel Theobald, Chief Executive, Oxford Nutrascience Group Plc commented:
"Having access to the customer base of the world's largest and foremost producer
of Omega-3 shows the level of trust Ocean Nutrition Canada has in our chew
technology. Being able to reach the major producers of Omega-3 products is a
very significant marketing opportunity for Oxford Nutrascience."
"This is another stride forward into providing customers with healthy chews that
are a delicious way to get Omega-3 with none of the fishy flavour that taking
large capsules or chewing oily soft gel capsules can give."
"Together with our manufacturing partner Lamy Lutti, Oxford Nutrascience has
already attracted some of the leading companies in the supplement industry
having demonstrated our capability to develop and mass produce new, high quality
chew supplements. We look forward to the launch of both our new chews to the
food supplements market and directly to our own and Ocean Nutrition's customers
later this year."
Jon Getzinger, Chief Sales and Marketing Officer at Ocean Nutrition Canada,
said:
"We're very pleased with this partnership, Oxford Nutrascience has a long
history of developing high quality products and delivering great customer
service. Their chews have great nutritional value with added vitamins and
minerals and they have also taken measures to reduce sugar through their
formulation"
Oxford Nutrascience has developed a high quality product that is delicious and
will do very well in the market."
- Ends -
For further information:
www.oxfordnutrascience.com
Oxford Nutrascience Group Plc
Nigel Theobald, Chief Executive +44 1865 854874
Mark Way, Investor and Media Relations +44 7786 116991
ZAI Corporate Finance (Nominated Adviser)
Ray Zimmerman +44 20 7060 2220
Sarang Shah +44 20 7060 2220
About Oxford Nutrascience Group Plc
· Oxford Nutrascience is a UK consumer healthcare company that develops
chewy confectionery, chewable tablets and liquid suspensions to allow medicines
and vitamin supplements to be taken in a more pleasant and convenient way.
· Oxford Nutrascience has developed technology for the use of soluble
fibres in medicine delivery systems that disperse and solubilise medicines,
improve taste and mouth feel, simplify processing and eliminate additives,
incorporate prebiotic health benefits.
· Chews: Oxford Nutrascience currently produces Ellactiva , a calcium chewy
supplement sold in the UK and in the Middle East, and plans to launch new chews
to complement this existing product.
· Chewable tablets and liquid suspensions: The target market for Oxford
Nutrasciences' Chewitabs(TM) and liquid suspension delivery systems are
over-the-counter ("OTC") pain relieving drugs, indigestion preparations and
cough and cold medicines.
About Ocean Nutrition Canada Limited
www.ocean-nutrition.com
· Ocean Nutrition Canada Limited (ONC) is the world's largest supplier of
Omega-3 EPA/DHA ingredients to the dietary supplement and food manufacturing
markets. ONC also has the largest privately owned marine research and
development facility in North America.
· ONC's MEG-3 branded ingredients offer high quality, odor-free, tasteless
Omega-3 EPA/DHA from fish oil - the best source of Omega-3 EPA/DHA.
· By using clean, reliable, sustainable resources, ONC provides our
customers a competitive edge in the rapidly growing Omega-3 EPA/DHA market. ONC
customers also enjoy specialized services from critical technical and regulatory
support to innovative R&D and global marketing support.
· ONC is based in Nova Scotia, Canada on the beautiful Atlantic coast. Our
major shareholder, Clearwater Fine Foods Incorporated, retains controlling
interest in Clearwater Seafood's Limited Partnership - the world's largest
integrated shellfish harvester and processor.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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