Algae.Tech teams with Canadians to access nutraceuticals market

Perth based health sciences company Algae.Tec will partner with Canadian-based extraction firm Radient Technologies as the company takes the next major step towards producing algae-based nutraceuticals for the fast-growing global market.

In a recent market update, Algae.Tec said the deal with Radient would enable it to use the Edmonton-headquartered company’s extraction technology to boost the yield and consistency of its plant-based nutraceuticals, which are currently in development.

Specifically, the use of Radient’s facilities will allow the extraction of high quality matter from Algae.Tec’s algae powders for use in future high-end nutraceuticals, the company said.

According to Algae.Tec management, the technology has previously proved effective at extracting the active ingredients from plants, including algae, in a cost-efficient manner.

Algae.Tec Managing Director Mal James said: “This is a significant partnership for Algae.Tec as it will enable us to leverage RTI’s superior extraction technology, and it represents one of the final steps in the production of a variety of products for the high-end nutraceuticals market.”

“The global nutraceuticals market provides a compelling opportunity for the business and we look forward to providing our shareholders with the outcomes of this first round of extraction testing this quarter.”

Read more on this story from thewest.com.au...

thumbnail courtesy of thewest.com.au

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