Nutritional Outlook

Nutritional Outlook, September 2013

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Company News National Prawn Co. is located in Western Saudi Arabia, which the company says provides non-changing weather conditions that are ideal for growing seawater algae. Te partnership gives BASF access to more algae biomass, which the company says it can then process for beverage and dietary supplement applications. Phytochem Gets Distribution Deal Phytochem International (Ontario, CA), an importer and distributor of standardized botanical extracts, has become sole North American distributor for Phytotech Pvt. Ltd., an Indian standardized botanical extract manufacturer. Phytotech is most notably the producer of the Garslim Aquasol, a trademarked Garcinia Cambogia extract used in weight management and satiety products. A Grant for OmniActive Health Technologies OmniActive is a supplier of nutraceutical ingredients, including capsaicin, lutein, and zeaxanthin. "Our government recognizes the contribution innovative companies like OmniActive Health Technologies make in helping to create jobs in our region," said Te Honourable Gail Shea, Minister of Fisheries and Oceans. "Tis company is working towards providing an innovative, value-added service to its customers and to strengthening our local economy." Te grant, combined with an earlier National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) fnancial contribution, will enable OmniActive to build on the outcomes of the R&D eforts supported by NRC-IRAP. According to the company, the funding will support OmniActive's weight management platform. "OmniActive Health Technologies is very pleased with the support provided by ACOA and NRC-IRAP," said Jayant Deshpande, PhD, chief technical ofcer for OmniActive. "Funds provided by these federal agencies will help to accelerate discovery and commercialization of innovative products." OmniActive opened its PEI R&D facility in early 2012. 22 magenta cyan yellow black SEPTEMBER 2013 ■ AnThonyRoSEnBERg/iSTockPhoTo.coM Te Canadian Government has awarded OmniActive Health Technologies (Morristown, NJ) with an Atlantic Canada Opportunities Agency (ACOA) grant to be used at its R&D center in Charlottetown, Canada. NUTRITIONAL OUTLOOK ES314244_NO1309_022.pgs 08.31.2013 00:07 UBM

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