LAVAL, QC, July 12, 2007 /PRNewswire-FirstCall via COMTEX/ -- Neptune Technologies & Bioressources Inc. (Neptune) (NTB - TSX) is pleased to announce a collaboration with the Nestle Research Center.
According to the signed agreement terms, Neptune and Nestle will jointly research the effects of Neptune Krill Oil (NKO(TM)) on exceptionally prevalent conditions affecting the worldwide adult population. The research was initiated at the beginning of July 2007. The design and identification of primary investigators for the study has been completed. Upon successful completion of the trial the companies will proceed with the Development and License Agreement.
"I am extremely pleased for this cooperation between Neptune and Nestle. With this collaboration, we are not only fulfilling a pivotal milestone we also have an opportunity to strengthen our presence in the functional food market in partnership with the world's largest food company in the rapidly growing and profitable healthcare nutrition segment," said Mr. Henri Harland, president and CEO at Neptune.
"I am very excited about the opportunity to join the Nestle Research Center Team in investigating new frontiers for Neptune Krill Oil," said Dr. Tina Sampalis, Vice President of R&D and Business Development.
"Following the trend of tremendous growth witnessed in functional food & drink, we are extremely pleased with our collaboration with Nestle. Moreover, in order to further capitalize on the sustainable growth of the functional food market as planned in our business plan, we are already targeting more strategic worldwide partners," said Mr. Thierry Houillon, Vice President of Business Development, Functional food at Neptune.
About Nestle and Nestle Research Center
Nestle with headquarters in Vevey, Switzerland was founded in 1866 by Henri Nestle and is today the world's biggest food and beverage company. Sales for 2006 were CHF 98.5 bn, with a net profit of CHF 9 bn.
Established in 1987, the Nestle Research Center (NRC), Lausanne, Switzerland, is one of the world's leading research institutions in food, nutrition and life sciences. With a diverse staff of leading researchers from a broad range of scientific competencies, NRC possesses a unique blend of talent and expertise. Knowledge on nutrition and health, food science, food/consumer interaction and food quality and safety are combined at the Nestle Research Center to help develop Good Food as a source of Good Health throughout life.
About Neptune Technologies & Bioressources Inc.:
Neptune Technologies & Bioressources Inc. develops proprietary and potent health ingredients from underexploited marine biomasses, such as krill, with its patented extraction process (Neptune OceanExtract(TM)). Using its proprietary process, Neptune Technologies & Bioressources Inc. is strategically positioning itself in the health and wellness market.
Natural biomass extraction is now playing an important role in developing nutrigenomics, the next wave in nutritional research. Through strategic alliances and partnerships, as well as through clinical studies, the Company continues to demonstrate the immense beneficial effects of these products. The Company develops and markets new formulas and new products for specific applications in high growth markets such as the nutraceutical, cosmeceutical, biopharmaceutical and nutrigenomics markets.