[ad#The Buzz Sponsor Ad]

Algaeon strikes nutraceutical deal

September 16, 2013
AlgaeIndustryMagazine.com

Algaeon Inc. Indianapolis, IN-based Algaeon Inc. has announced their signing of a multi-year, multi-million dollar supply agreement with Valensa International, of Eustis, FL, which provides high value “condition specific” nutraceuticals to the marketplace. Algaeon will develop manufacturing processes and technology while Valensa will produce finished form condition specific products that will be sold to marketers with recognized brands.

“Algaeon is thrilled to be working together with Valensa, a global leader in nutraceutical formulation for the human supplement market, and we are looking forward to bringing our exciting technology to the market,” said Paul DeLacey Chairman & CEO, Algaeon Inc. “We are confident that our combined strengths will allow us to move quickly and make a significant impact on the ‘condition specific’ nutraceutical market.”

According to Dr. Rudi E. Moerck, President and CEO of Valensa, the algae technology relationship with Algaeon provides a significant additional supplier of algae biomass and extracts to Valensa to allow the company to grow its portfolio of advanced condition specific products. “Valensa is a rapidly growing nutraceutical company with a thriving astaxanthin-based, condition-specific formulation business,” said Moerck. “We are excited and confident that this collaboration with Algaeon will provide additional algae sourced ingredients to Valensa to ultimately expand its offerings beyond Spirulina and Astaxanthin. We share Algaeon’s vision and commitment to delivering high quality algae products for improved human health to the market,” he added.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
For plants and algae that carry on photosynthesis, light can be too much of a good thing. On a bright, sunny day, a plant might only be able to utilize 20 percent or less...
Agcore Technologies LLC, producer of Agcore Spirulina, has announced that their 2016 expansion project to support their growing aquafeed demand is in the completion proce...
Jason Smith reports for undercurrentnews that Kentucky-based Alltech is willing to invest in overseas algae production plants closer to its feed customers if demand for i...
If you’re a fan of the television show “Shark Tank”, you won't want to miss the episode that airs this Friday, November 18th 9:00-10:00 p.m. EST on ABC Television, when C...
Algatechnologies Ltd (Algatech), of Kibbutz Ketura, Israel, has become part of the FoodConnects consortium, as winner of a pan-European competition for the Food4Future pr...
In one of the most comprehensive studies to date, University of North Carolina at Chapel Hill researchers have sequenced the genes of a harmful algal bloom, unveiling nev...