ChromaDex Corporation, a leader in phytochemical reference standards and contract research, announced today that Nutrition Business Journal, a leading nutrition, natural products and alternative health care magazine, selected the Company as one of the 2008 NBJ Scientific Achievement Award recipients for its achievement in setting stevia standards as part of its work with Cargill.
"The broad commercial application of stevia has long been anticipated, and our work with Cargill has set the standard for safety and quality," said Frank Jaksch, CEO and co-founder of ChromaDex. "We have worked hard to be the leader in reference standards and we appreciate the validation of our work by Nutrition Business Journal."
As part of its partnership with Cargill, Chromadex will supply global analytical reference standards and research materials for the individual sweet components of stevia, a natural product originating from the leaves of the stevia plant. With no previously accepted standards, this is the first time food and beverage companies can validate quality of stevia for use in consumer products.
NBJ Business Achievement Awards are awarded annually to companies that have demonstrated achievement in categories such as Management Achievement, Investment in the Future, Education, Environment & Sustainability, Organic Excellence and Wall Street Award for Stock
Performance. Award winners will be honored at a dinner in July at the NBJ Summit, to be held at the St. Regis Monarch Beach Resort in Dana Point, California.
ChromaDex is a leader in the development of Phytochemical and Botanical Reference Standards and the creation of associated intellectual property. ChromaDex is committed to sustainable "Green chemistry" and provides the dietary supplement, food, beverage, nutraceutical and cosmetic industries with the analytical tools and services to meet product regulatory, quality, efficacy and safety standards.
Any statements that are not historical facts contained in this release are forward-looking statements. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements involve risks and uncertainties, including but not limited to: the ability to market, produce and sell the referenced ingredients; risks relating to product and customer demand, market acceptance of our products; the effect of economic conditions both nationally and internationally; the ability to protect our intellectual property rights; the impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; our ability to raise capital to fund continuing operations; the ability to complete transactions; and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made except as required by law.