Welcome!

News Feed Item

Fermentalg and Sofiproteol Enter a New Phase in Their Partnership for the Production and Sale of Omega-3

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."

About Fermentalg
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

About Sofiprotéol
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.

Press Relations:

Fermentalg
Pierre Calleja
Chairman and CEO
Tel: +33 (0)5 57 25 02 20
Email Contact

Investor Relations:

Fermentalg
Paul Michalet
Chief Finance, Strategy & Business Officer
Tel: +33 (0)5 57 25 79 76
Email Contact

ACTUS finance & communication
Alexandra Prisa
Tel: +33 (0)1 53 67 35 79
Email Contact

ACTUS finance & communication
Jerome Fabreguettes-Leib
Tel: +33 (0)1 77 35 04 36
Email Contact

Press Relations:

Florence Doat-Matrot
Communications Director
+33 (0)1 40 69 48 46
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
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
"WineSOFT is a software company making proxy server software, which is widely used in the telecommunication industry or the content delivery networks or e-commerce," explained Jonathan Ahn, COO of WineSOFT, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
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 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...