Diversified Natural Products, Inc. and DSM Form Commercial Partnership.Business Editors EAST LANSING, Mich. & HEERLEN, Netherlands--(BUSINESS WIRE)--Dec. 9, 2003 Diversified Natural Products, Inc. (DNP DNP n. Deoxyribonucleoprotein; a complex of DNA and protein that usually yields DNA upon cell disruption and isolation. DNP 2,4-dinitrophenol. ), a leading biotechnology-based company engaged in the commercialization of products from renewable resources, and DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. , a global leader in life sciences, performance materials and industrial chemicals, today announced that they have formed a partnership to commercialize DNP's significant IP portfolio of bio-derived, "green" products and applications. DSM will be the selected industrial partner, bringing experience and expertise in the field of fermentation technology, and in the production and commercialization of synthetic succinic acid succinic acid: see Krebs cycle. and its numerous derivatives. Diversified Natural Products, Inc. is the technology partner and also has a strong position in the production of bio-based succinic acid and derivatives. Mat Peabody, Vice President, Fuels and Chemicals/ New Business Development for DNP said, "The partnership with DSM enables the commercialization of products and applications developed by DNP while reducing the market risk associated with bringing a world-scale fermentation unit on stream." About DSM DSM is active worldwide in life science products, performance materials and industrial chemicals. The group has annual sales (pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma including the recently acquired DSM Nutritional Products business) of around EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8 billion and employs about 25,500 people across the world. DSM ranks among the global leaders in many of its fields. The company's strategic aim is to grow its sales - partly through acquisitions - to a level of approximately EUR 10 billion by 2005. By that time specialties, i.e. advanced chemical and biotechnological products for the life science industry and performance materials should generate at least 80% of sales. This strategy represents a continuation of the company's ongoing transformation and concentration on global leadership positions in high-added-value activities characterized by high growth and more stable profit levels. More information about DSM can be found at www.dsm.com. About Diversified Natural Products, Inc. Diversified Natural Products, Inc. goal is to develop safe, environmentally benign products for everyday use. The technology was spawned in conjunction with the U.S. Department of Energy (DOE) as a part of a CRADA CRADA Cooperative Research And Development Agreement (cooperative research and development agreement “CRADA” redirects here. For other uses, see CRADA (disambiguation). A Cooperative Research and Development Agreement (CRADA) is an agreement between a government agency and a private company to work together. .) The company is organized into two major divisions: Fuels and Chemicals located in East Lansing, Michigan East Lansing is a city in the U.S. state of Michigan. The city is located directly east of Lansing, Michigan, the state's capital. Most of the city is within Ingham County, though a small portion lies in Clinton County. and Lulea, Sweden that is dedicated to building a leadership position in carbohydrate-based technologies for production of fuels, specialty chemicals and polymers. The Gourmet and Functional Foods division, located in East Lansing, Michigan and Mietoinen, Finland is engaged in the production of specialty mushrooms for gourmet foods, functional foods and nutraceuticals as well as the production and sale of non-sodium salt substitutes. DNP recently announced that TTC-RMA Venture Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture of Toyota Tsusho Corporation, the trading arm of the Toyota Group, and Roberts Mitani Aqua Partners, LLC, had acquired a stake in DNP as part of its commitment to developing products based on renewable resources. For more information, visit www.dnpco.com or call 517-332-4610. |
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