ST. LOUIS--Oct. 2, 2003--
Agreement comes in recognition of increasing consumer demand for
products that contain the many health
benefits of soy protein but also taste great
The Solae Company, a leader in high-quality soy ingredient research and production, has announced an agreement with Linguagen Corporation, top researchers in flavor modification, to identify and develop flavor modifiers that will continue to improve the taste of soy protein in order to meet growing consumer demand for healthy yet great-tasting foods and beverages.
"As a leader in soy ingredient technology, this agreement further exemplifies our commitment to continuous improvement through research," said Tony Arnold, CEO of The Solae Company. "We consistently see an increased demand for soy-based products, particularly among mainstream consumers. To meet the needs of these consumers, we maintain our focus of advancing the flavor and functional performance of our ingredients across a wide variety of foods and beverages." Added Arnold: "The Solae Company's goal is to incorporate great-tasting, value-added, specialty food ingredients into the world's menu everyday."
Under the agreement, Linguagen will conduct research and development in the field of flavor discovery and modification. Based on achievement of specific research milestones, both companies may agree to commercialize these flavor-modifying compounds.
"We are very pleased to be working with a world-class organization such as The Solae Company," said Shawn M. Marcell, Linguagen's COO and acting CEO. "Linguagen has developed one of the strongest technologies in the emerging field of taste signaling. Naturally, we're excited by the opportunity to join with the world leader in soy protein products toward its commercial application."
About The Solae Company
The Solae Company, based in St. Louis, Missouri, serves food and beverage manufacturers, dietary supplement developers, retailers and consumers in 80 countries worldwide including the United States and Canada, Europe and the Middle East, Latin America and the Asia/Pacific region. The company is part of an alliance between Bunge Limited (NYSE:BG) and DuPont (NYSE:DD). The company is focused on significantly growing the global business in plant-based specialty food ingredients and services that help customers compete and prosper.
About Linguagen Corp.
Linguagen Corp. is a privately held company located in Cranbury, N.J., and holds a variety of patents in the fields of taste-research. The company researches, discovers, develops and commercializes breakthrough products that improve the palatability of oral medicines and enhance the flavor and nutritional value of foods and beverages, including solutions to the problems of bitterness, excess sugar and excess salt.
This release contains "forward-looking statements" which reflect the companies' current expectations about future performance. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the companies due to a number of factors, including without limitation technological uncertainties facing the companies and competitive factors. The Solae Company and Linguagen Corp. disclaim any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.