Cyanotech plans major capacity expansion for natural astaxanthin.KAILUA-KONA, Hawaii--(BUSINESS WIRE)--March 27, 1997-- 88 acres to be added in Hawaii to produce astaxanthin Cyanotech Corp. (NASDAQ/NMS:CYAN) has received approval of its proposal to the Natural Energy Laboratory of Hawaii Authority to lease 88 additional acres within the Hawaii Ocean Science and Technology (HOST) Park. This lease will double Cyanotech's total acreage within the HOST Park to 178 acres. The site will be used to construct additional production capacity for the company's new commercial microalgae product, NatuRose, which was announced to the industry at the World 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. '97 Conference in Seattle. NatuRose is the company's brand name for natural astaxanthin, which is a red pigment pigment, substance that imparts color to other materials. In paint, the pigment is a powdered substance which, when mixed in the liquid vehicle, imparts color to a painted surface. used in the aquaculture industry to impart pink color to the flesh of pen-raised fish and shrimp. Plans for the newly leased land call for the first phase to include 13 acres of culture systems, together with harvesting and processing equipment sufficient to accommodate the entire site. Completion of the first phase is planned for June 1998. "This is an exciting period for Cyanotech as we move into large-scale production of our second major product," said Gerald R. Cysewski, Ph.D., Cyanotech's president and chief executive officer. "Cyanotech is the world's only significant producer of natural astaxanthin from microalgae and is committed to maintaining its leadership position through this expansion." Cyanotech produces high-value natural products from microalgae. The company's current products include 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, a nutrient-rich nutritional supplement; NatuRose, which is a natural astaxanthin product used in the worldwide aquaculture industry; and phycobiliproteins, which are fluorescent fluorescent having the quality of fluorescence. fluorescent antibody see fluorescence microscopy. fluorescent antibody test see fluorescence microscopy. pigments used in the immunological immunologic, immunological emanating from or pertaining to immunology. immunologic competence see immunocompetence. immunologic domains diagnostics market. Cyanotech is also developing microalgae-based products for the biopesticide markets. It is the only microalgae company in the world to have an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 Registered Quality System. Additional company and product information is available on Cyanotech's World Wide Web site at www.cyanotech.com . Certain statements in this news release set forth management's intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the company and cause actual results to differ from current expectations can be found in filings of the company with the Securities and Exchange Commission. CONTACT: Cyanotech Corp., Kailua-Kona Ronald P. Scott, 808/326-1353 or Russell Communications Group, Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif. Bruce Russell Bruce Russell is a New Zealand experimental musician. He is a founding member and guitarist of the noise rock trio The Dead C and the free noise combo A Handful of Dust (with Alastair Galbraith). He has released solo albums featuring guitar and tape manipulation. , 310/216-1414 |
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