Cyanotech's NatuRose Natural Astaxanthin Approved in Canada for Use in Farmed Salmon and other Fish Feed.KAILUA-KONA, Hawaii--(BUSINESS WIRE)--July 14, 1999-- Cyanotech Corporation (NASDAQ/NM:CYAN), a leading producer of natural products from microalgae, today announced that its NatuRose(tm) natural astaxanthin product has been approved in Canada. The Company received approval for NatuRose Haematococcus algae algae (ăl`jē) [plural of Lat. alga=seaweed], a large and diverse group of primarily aquatic plantlike organisms. These organisms were previously classified as a primitive subkingdom of the plant kingdom, the thallophytes (plants that meal for use in salmon and other fish feeds as a source of the pigment astaxanthin. The approval was from the Canadian Food Inspection Agency The Canadian Food Inspection Agency (French: Agence canadienne d'inspection des aliments), or CFIA, which was created in April 1997, brought together inspection and related services previously provided through the activities of four federal government departments (CFIA), which is similar to the Food & Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) in the United States. NatuRose natural astaxanthin is a red pigment used in the aquaculture industry to impart color to the flesh of pen-raised fish and shrimp, and for pigmentation in other animals, such as poultry. Worldwide annual sales of astaxanthin are estimated at more than $150 million. "Canada, with its large fish-farming industry, is an important market for NatuRose," said Dr. Todd Lorenz, Cyanotech Scientific Director. "This approval now allows Canadian fish-farming companies to incorporate Cyanotech's natural astaxanthin, instead of synthetic astaxanthin, into their aquaculture products. As consumers in Canada and worldwide seek more naturally grown fish products, the availability of a natural pigment becomes increasingly important." Cyanotech recently announced an agreement to produce and market NatuRose worldwide with Norsk Hydro ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and (NYSE NYSE See: New York Stock Exchange :NHY). Cyanotech Corporation produces high-value natural products from microalgae. Products include NatuRose(tm) natural astaxanthin used in the worldwide aquaculture and animal feed industry, which Cyanotech has agreed to manufacture and market in a joint venture with Norsk Hydro ASA (www.hydro.com), a multi-billion dollar enterprise based in Oslo, Norway. Other products are Spirulina spirulina Any cyanobacteria in the genus Spirulina. A traditional food source in parts of Africa and Mexico, spirulina is an exceptionally rich source of vitamins, minerals, and protein, and one of the few nonanimal sources of vitamin B12. Pacifica(tm), a nutrient-rich dietary supplement, and phycobiliproteins, which are florescent flo·res·cence n. A condition, time, or period of flowering. See Synonyms at bloom1. [New Latin fl pigments used in the immunological diagnostics market. Under development are natural astaxanthin for use as a human nutritional supplement; microalgae-based products for the biopesticide markets; and a patented aldolase aldolase /al·do·lase/ (al´do-las) 1. aldehyde-lyase. 2. an enzyme that acts as a catalyst in the production of dihydroxyacetone phosphate and glyceraldehyde phosphate from fructose 1,6-bisphosphate. catalytic antibody under license from The Scripps Research Institute. Cyanotech is the only microalgae company in the world to have an ISO 9002 Registered Quality System. Additional information is available at www.cyanotech.com. (Note -- Information on factors that may affect the business and financial results of Cyanotech and may cause actual results to differ from current expectations can be found in filings of the Company with the Securities and Exchange Commission.) |
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