BELTSVILLE, Md., Nov. 30 /PRNewswire-FirstCall/ -- Spherix Incorporated (Nasdaq: SPEX - News) today announced that Symrise, one of the world's top producers of flavors and fragrances, has teamed with SweetGredients, a joint venture of Arla Foods (Spherix's licensee for tagatose) and Nordzucker, to use Gaio® tagatose (Spherix's revolutionary new sweetener) in developing a new generation of flavors. The agreement was announced by Ray Hughes, President, Symrise Flavor Division, North America, and Mads Vigh, General Manager, SweetGredients, Germany.
Mr. Hughes said, "Our newest strategic partnership allows us to provide unique, customized solutions to key customers, based on specific flavor and tagatose blends. Substantial advantages can be achieved in yogurts, light and low glycemic confectionery products, and diet drinks. That's because tagatose is much more than a low calorie sweetener. When used in combination with Symrise flavors, it actually serves as a flavor potentiator, boosting the flavor profile, imparting mouthfeel, and providing a desirable fresh impact."
Mr. Hughes added that the partnership allows for the combined expertise of Symrise and SweetGredients to assist food and beverage manufacturers in addressing the need for healthier foods and beverages to combat obesity and other health issues.
Dr. Matthias Guentert, Vice President of Innovation at Symrise, underscored the taste benefits that have been achieved by using Gaio® tagatose in flavor blends. Dr. Guentert reported that, compared to other low- calorie and to no-calorie sweeteners, Gaio® tagatose tastes like sugar.
The agreement between the two companies provides for Symrise to act as SweetGredients' exclusive flavor industry partner in the U.S. Symrise will develop unique flavors and flavor blends that will take advantage of the full range of benefits made possible with Gaio® tagatose.
Mr. Richard Levin, Spherix's Acting CEO and President, indicated that the formation of the Symrise/SweetGredients partnership to develop a new generation of flavors containing tagatose is great news and in line with Spherix's and Arla's recent positive developments in the non-food and food areas. He said that Spherix views this teamwork as a definite step towards the future success of tagatose as it will offer food and beverage manufacturers new opportunities.
Certain statements contained herein are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission, including the filing on Form 8-K made on March 3, 1999.
Under its motto, "A World of Solutions," Spherix's mission is to create value and increase shareholder wealth through innovations that benefit our clients and the human condition. Spherix offers innovations in information technology, knowledge management, and biotechnology.