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VG Energy to Launch LipidMax™ Product
June 22, 2012
iral Genetics, through its majority owned subsidiary VG Energy, is preparing to launch their first commercial product, LipidMax, a lipid enhancement compound for use in the production of oils from algae and other plants or plant-like organisms, based on the Company’s exclusively licensed Metabolic Disruption Technology (MDT).
The current pre-product release testing is predominantly focused on verifying that the chemical activity of industrial-scale batches of LipidMax is comparable to the smaller, laboratory-sized batches used in testing. Once testing is complete, VG Energy will order larger quantities from its final manufacturer(s) and begin to deliver samples to prospective buyers for their own field-testing.
“We thought it prudent to engage a manufacturing facility to be able to secure quick delivery and access to LipidMax. We believe this marks one of the most exciting milestones in Viral Genetics’ and VG Energy’s history, representing the nearest term potential to generate first time revenues,” said Haig Keledjian, President of VG Energy and Viral Genetics.
According to VG Energy, their impetus to begin contract manufacture of the LipidMax product is the direct result of demand from industry and research institutes after review of the results of both internal and external studies showing LipidMax’s ability to substantially increase the amount of lipids from algae, seeds, yeast and potential future markets in other edible oils such as palm oil.
VG Energy, Inc. is an alternative energy and agricultural biotech company that is a majority-owned subsidiary of Viral Genetics, Inc., a biotechnology company researching new treatments and methods of detection for diseases including cancer, HIV/AIDS and others. Using its Metabolic Disruption Technology (MDT), Viral Genetics’ cancer research led to discoveries with major consequences in a wide variety of other industries, including biofuel and vegetable oils. VG Energy holds the exclusive worldwide license to the MDT patent for use in the increase of production of various plant-derived oils from algae and seeds.