|By Marketwired .||
|July 11, 2014 08:04 AM EDT||
LIBOURNE, FRANCE and PARIS, FRANCE -- (Marketwired) -- 07/11/14 -- Fermentalg (EURONEXT PARIS: FALG), an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, and Sofiprotéol, an industrial and finance company in France's vegetable oil and protein crop industry, have announced the signing of an agreement that marks a new phase in their partnership for the production and sale of Omega-3.
Following the discussions between Fermentalg and Sofiprotéol referred to in the Registration Statement filed by Fermentalg(1), the two companies have agreed upon a series of terms according to which:
- The joint programme's industrial processes and resources will now be managed by Fermentalg at its new Industrial Development Unit (IDU) which is scheduled to be commissioned at the end of 2015. Built to a capacity of 4x20m3, the IDU(2) will be used for the pilot development phases for Fermentalg programmes as well as for pre-sales and sales production;
- Oleon (a subsidiary of Sofiprotéol) will act as non-exclusive distributor for the products manufactured by Fermentalg at the IDU;
- the sale of Proléalg shares means that Fermentalg now owns 65% of the capital of the joint venture with Sofiprotéol;
- Fermentalg and Sofiprotéol could envisage the production and/or commercialization by Proléalg of other molecules of interest beyond those initially planned (EPA and DHA).
Proléalg will be fully consolidated within Fermentalg. Any revenue generated during the pilot phase will be booked directly by Fermentalg.
For Pierre Calleja, Founder and Chairman and CEO of Fermentalg: "Thanks to the funds raised by the IPO that have been set aside for this project, we will have an industrial unit that has 4 times the capacity of the one initially planned by the joint venture. The partnership programme with Sofiprotéol will therefore be managed directly from our site. I am delighted with this new phase in our non-exclusive collaboration which will not only allow us to harness our capacity to sell our Omega-3 rich oils around the world, but also broaden our horizons in the industrial exploitation of microalgae."
For Jean-Philippe Puig, CEO of Sofiprotéol: "This agreement and the industrial resources and capacity currently under development by our partner that it brings with it will enable Sofiprotéol to pursue its rapid development on today's Omega-3 markets."
Founded in 2009 by Pierre Calleja, Fermentalg is an industrial biotechnology company that specializes in producing sustainable oils and proteins derived from the exceptional properties of microalgae. Its patented technology allows it to target a range of fast-growing global markets, from nutrition and animal feed to cosmetics and health, green chemistry and energy. Fermentalg has already signed its 1st industrial and commercial joint-venture for the production of Omega-3 oils rich in EPA and DHA as well as several other partnerships with leading industrial groups. Fermentalg shares are listed on Euronext in Paris (FR0011271600 - FALG). For more information, visit the Fermentalg website at: www.fermentalg.com
Sofiprotéol is an industrial and financial company in the oilseed and proteins sector. Its purpose is to create sustainable value in the oilseed and protein sectors, making a contribution to a better diet for human beings and to protecting the planet. The agribusiness activities of Sofiprotéol are organized in two divisions: the Oilseed Division (crushing and oil refining, oil refining and packaging for food, production of biodiesel, oleochemistry) and the Animal Division (animal nutrition, hygiene, biosecurity, feed specialties and food products: pork, poultry and eggs). The company also has financial activities as a development bank: in 2013, it provided support via loans and acquisitions of minority stakes in no fewer than 140 companies in the sector. Sofiprotéol recorded 2013 sales of EUR 7 billion and has 8,240 staff in some 20 countries. Website: www.sofiproteol.com
(1) Section 4.2.7, page 22 of the Registration Statement filed with the French market authority, the Autorité des marchés financiers (AMF), on 14 March 2014 under No. I.14-040.
(2) Section 6.8, page 118 et seq. of the Registration Statement.
Chairman and CEO
Tel: +33 (0)5 57 25 02 20
Chief Finance, Strategy & Business Officer
Tel: +33 (0)5 57 25 79 76
ACTUS finance & communication
Tel: +33 (0)1 53 67 35 79
ACTUS finance & communication
Tel: +33 (0)1 77 35 04 36
+33 (0)1 40 69 48 46
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Sep. 29, 2016 08:15 AM EDT Reads: 2,112
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 29, 2016 08:00 AM EDT Reads: 2,708
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Sep. 29, 2016 08:00 AM EDT Reads: 2,657
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 29, 2016 08:00 AM EDT Reads: 2,085
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Sep. 29, 2016 07:15 AM EDT Reads: 1,729
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Sep. 29, 2016 07:00 AM EDT Reads: 2,937
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 29, 2016 07:00 AM EDT Reads: 3,485
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Sep. 29, 2016 07:00 AM EDT Reads: 3,413
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 29, 2016 07:00 AM EDT Reads: 2,275
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 29, 2016 06:45 AM EDT Reads: 3,181
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 29, 2016 06:45 AM EDT Reads: 1,673
Leading cloud-centric IT organizations are establishing core capabilities to improve productivity, control costs and provide a highly responsive end-user experience. Key steps along this journey include creating an end-user cloud services catalog, automating workflows and provisioning, and implementing IT showback and chargeback. In his session at 19th Cloud Expo, Mark Jamensky, executive vice president of Products at Embotics, will walk attendees through an in-depth case study of enterprise I...
Sep. 29, 2016 06:15 AM EDT Reads: 1,473
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 29, 2016 06:00 AM EDT Reads: 525
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 29, 2016 06:00 AM EDT Reads: 2,761
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 29, 2016 06:00 AM EDT Reads: 2,681