Cyanotech Japan YK Formed to Service Growing Market Demand.Business Editors & Health/Medical Writers KAILUA-KONA, Hawaii--(BW HealthWire)--Jan. 24, 2002 In a move to better service its increasing customer base in Japan, Cyanotech Corporation (Nasdaq: CYAN) has formed a Japanese business unit, Cyanotech Japan YK, with an office in Tokyo. Through this unit, Cyanotech will be able to economize e·con·o·mize v. e·con·o·mized, e·con·o·miz·ing, e·con·o·miz·es v.intr. 1. To practice economy, as by avoiding waste or reducing expenditures. 2. on shipping, provide more timely delivery to customers and allow customers to conduct business in Japanese Yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. rather than US Dollars. Cyanotech Japan will initially market NatuRose(R) and 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(R) to the Japanese animal feed market and later offer BioAstin(R) and Spirulina Pacifica to the human nutrition market. Current customers for animal feed products will transition to Cyanotech Japan by the end of March 2002. Aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. feeding studies in Japan have shown that NatuRose is more effective than synthetic astaxanthin, particularly for species such as Sea Bream bream: see sunfish. bream European food and game fish (Abramis brama) of the carp family (Cyprinidae). Found in lakes and slow rivers, the bream lives in schools and eats worms, mollusks, and other small animals. or "Tai," a major aquaculture product in Japan. NatuRose has also been shown to be very effective when used with other species of fish and land animals. "The increasing acceptance of our products in one of the world's major economies caused us to form the new business unit," said Gerald R. Cysewski, Ph.D., chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are pleased to see this growing demand in the Japanese market, which holds significant potential for Cyanotech, particularly for our NatuRose product." -- Cyanotech Corporation, the world's leader in microalgae technology, produces high-value natural products from microalgae, and is the world's largest commercial producer of natural astaxanthin (pronounced "asta-zan-thin") from microalgae. Products include BioAstin(R) natural astaxanthin, a powerful antioxidant antioxidant, substance that prevents or slows the breakdown of another substance by oxygen. Synthetic and natural antioxidants are used to slow the deterioration of gasoline and rubber, and such antioxidants as vitamin C (ascorbic acid), butylated hydroxytoluene with expanding applications as a human nutraceutical; NatuRose(R) natural astaxanthin for the aquaculture and animal feed industries; Spirulina Pacifica(R), a nutrient-rich dietary supplement; and phycobiliproteins, which are fluorescent pigments used in the immunological diagnostics market. Spirulina and BioAstin are sold directly online through www.nutrex-hawaii.com and through resellers worldwide. Corporate and product information is available at www.cyanotech.com |
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