Welcome!

News Feed Item

Cellana Signs Letter of Intent With Galil Algae for the Commercialization of High-Value Algae Biomass for Aquaculture and Other High-Value Applications

Whole-Algae Products Represent an Extension of Cellana's Multi-Product Biorefinery Model for the Profitable Production of Photosynthetic Algae Biomass That Can Address Feeds, Fuels, Nutraceutical and Cosmetic Applications Simultaneously

SAN DIEGO, CA and KAILUA-KONA, HI -- (Marketwired) -- 06/23/14 -- Cellana, Inc. today announced that it has entered into a letter of intent with Galil Algae Cooperative Agriculture Society Limited with the objective of partnering for the production of high-value algae products for aquaculture applications. Currently, Cellana produces industrial-scale quantities of ReNew™ Algae -- high-value algae biomass rich in Omega-3 nutritional oils, proteins, fuel-grade oils, cosmetic-grade oils, acids, and polysaccharides, as well as other valuable micronutrients -- at its Kona Demonstration Facility in Hawaii. At its facility in northern Israel, Galil Algae currently produces a variety of whole-algae products that are rich in Omega-3s for aquaculture applications.

The main goal of the program contemplated by the letter of intent is to identify, cultivate, develop and scale up algae strains with immediate commercial value, emphasizing the high-value components for existing aquaculture, mariculture, nutraceuticals, pharmaceutical and/or cosmetic applications. The starting points for the commercial venture are to include the existing high-Omega-3 algae strains of Cellana and Galil Algae, as well as (i) potential new and improved strains identified through non-GMO strain optimization techniques such as selective breeding and/or (ii) additional naturally occurring strains identified through bioprospecting. In addition, the letter of intent contemplates Cellana and Galil Algae exploring the establishment of a new algae research and development center in northern Israel. This new R&D center, together with the R&D activities to be undertaken at Cellana's facility in Hawaii, would be a focal point for the development and testing of new or optimized strains of high-value algae biomass.

"This newly established relationship with Galil Algae is an extension and validation of Cellana's core competencies in minimizing contamination in large-scale outdoor algae biomass production and in growing algae strains that naturally produce high-value Omega-3 oils," stated Martin A. Sabarsky, chief executive officer of Cellana. "Many of the same strains that can be grown for aquaculture hatchery applications can also be good sources of crude oil for fuel applications, proteins for animal feed and food applications, and oils and polysaccharides for cosmetic applications," continued Sabarsky. "Galil Algae's algae strains for aquaculture hatchery applications are qualitatively better than competing products based on their Omega-3 profile and other qualities. We look forward to finalizing the definitive agreements with Galil Algae and working closely with Galil Algae to expand commercial-scale production of these high-value products."

"Galil Algae looks forward to partnering with Cellana, which has a world-class demonstration facility and proven contamination control strategies that can advance Galil Algae's R&D and commercial programs," stated David Tsoran, CEO of Galil Algae. "Galil Algae's high-performing, high-Omega-3 algae strains fit very well with Cellana's approach to commercial strain development and market focus within the nutraceutical and aquaculture sectors in particular."

About Cellana

Cellana, a leading developer of algae-based bioproducts, uses the most productive plants on earth -- marine microalgae -- to photosynthetically produce its ReNew™ line of Omega-3 EPA and DHA oils, animal feed/food, and biofuel feedstocks. Cellana's patented ALDUO™ system enables economic, sustainable and consistent production of photosynthetic, non-GMO algae at industrial scale. Cellana intends to construct and operate commercial facilities to produce these products as integrated algae-based biorefineries. To date, over $100 million has been invested in developing Cellana's algae strains, patented and proprietary production technologies, and its Kona Demonstration Facility. Further information is available at: www.cellana.com.

About Galil Algae

Galil Algae, located at the northern part of Israel (Upper Galilee) and owned by two well established Israeli kibbutzes, Sasa and Dan. The company has developed a unique culture system for micro-algae. The leading algae species is an EPA-rich Nannochloropsis oculata proprietary strain, which together with other algae species is the basis for a number of high-value products for aquaculture and nutraceutical sectors.

Cellana®, the Cellana logo, ALDUO, ReNew, and other trademarks or service names are trademarks of Cellana, Inc.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2624179

Contacts:

Selena Ellis-Vizcarra
Sr. Director of Corporate Development, Cellana
+1 877-208-5070
Email Contact

Piia Aarma
Pineapple Tweed PR
+1 808-221-2102
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...