Life Science News

(TheNewswire)

Solarvest BioEnergy Inc.

Solarvest BioEnergy Inc. ("Solarvest", or the "Company") (TSXV:SVS), ("Solarvest" or the "Company"), is pleased to announce that its wholly-owned division Eversea America Inc. ("Eversea") has signed an agreement with E3Live, one of the organic industry's premier superfood brands. E3Live has agreed to introduce and market Eversea's organic omega-3 DHA products to its customer base

"We get approached all of the time by companies who want us to re-sell their products, and we reject nearly every one of them because they don't meet our very rigorous standards," said Michael Saiber, founder and CEO of E3Live. "I heard about what Eversea was offering and tried it, as I had never come across a USDA certified organic, plant-based omega-3 DHA product. Immediately, my body recognized it as an important and necessary addition to my diet. I believe our customers will be very interested in this product as well. The best testimonial about Eversea's powder that I can give is that I take it every single day."

This initial agreement is for Nanuq TM omega-3 DHA powder, which complements E3Live's A phanizomenon flos-aquae (AFA), a nutrient-dense aqua-botanical (blue-green algae). E3Live has amassed a list of dedicated customers over the last 27 years in the certified organic nutritional algae business.

"Given E3Live's stature in the organic industry when it comes to algae-based superfoods, this partnership is an exciting endorsement for our organic omega-3 DHA product," said Gerri Greenham, CEO of Solarvest. "Both companies are very committed to providing the highest quality algae products in the world, and being able to offer E3Live customers our algae and algae-based products is a perfect fit and ideal opportunity."

About E3Live

Widely regarded as one of the organic industry's premier superfood brands, E3Live has been selling organic health products and aqua-botanicals since 1995. The company's signature superfoods, E3Live and BrainON, are both nutrient-dense aqua-botanical nutritional algae harvested from the pristine waters of Klamath Lake in Oregon.  E3Live employs the highest quality harvesting methods, safety standards, and purity testing, in addition to adhering to strict Good Manufacturing Practices (GMPs) in order to maintain USDA organic certification and Kosher certification.

About Eversea

Eversea has developed the world's first organic omega-3 DHA from algae. It is both USDA and EU certified organic, and it has received Glyphosate Residue Free certification from The Detox Project. The product is also vegan, gluten-free, free from major allergens, and tested for heavy metals and other contaminants. The omega-3 active ingredient in the products is patented and patent-pending

in commercially relevant/important countries globally. The patent has already been issued in Australia, India, and Japan, and the Solarvest patent also covers the production of EPA.

The company's organic algal-based products have natural advantages over fish oil, which is processed from dwindling sea harvests. Eversea's products are based on marine microalgae and their ability to produce high levels of long-chain omega-3 fatty acid oil, primarily docosahexaenoic acid (DHA). Algae production is sustainable, and sustainability is a growing concern for the market.

About Solarvest

Solarvest BioEnergy Inc. is an algae biologics company whose production platform provides an extremely flexible system capable of producing numerous products from omega-3 fatty acids to human therapeutic proteins. The company has successfully demonstrated the expression of high-value therapeutic proteins, viral antigens (immune-stimulating proteins), and Cecropins (antimicrobial peptide/protein). The company has initiated a program for the expression of CBD and THC to be produced in GMP fermentation facilities.

For further information contact:

Gerri Greenham, Chief Executive Officer

Phone: (647) 204-4095

Email: invest@solarvest.ca

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

None of the securities of Solarvest have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Copyright (c) 2022 TheNewswire - All rights reserved.

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SVS:CA
Solarvest BioEnergy

Solarvest BioEnergy

Overview

The global nutraceuticals market is expected to grow at a CAGR of 9.3 percent, with the potential to reach a market value of $658.11 billion by 2028. Nutraceuticals refer to medicinally or nutritionally functional consumables that include herbal remedies, nutritional supplements and fortified foods, among many other things. The nutraceuticals market was valued at US$320 billion in 2020 alone.

Among all nutraceutical products, Omega-3 fatty acids products are the most popular around the world. Omega-3 fatty acids have a myriad of potential benefits for human health including reducing the risk of cardiovascular disease, improving brain growth and development, reducing inflammation in the body and reducing the risk of cancer –– just to name a few. Based on these potential benefits, it’s no wonder that the global market for Omega-3 products was valued at US$44 billion in 2020.

Solarvest BioEnergy (TSXV:SVS) is an innovative Canadian technology development company focused on producing a wide range of patented algae-derived products including Omega-3 supplements and therapeutic proteins. The company plans to deliver solutions in human and animal nutrition, prescription and non-prescription medication and derivatives through its proprietary clean energy algal production platform. Solarvest BioEnergy is led by a highly experienced management team with nuanced expertise and a proven track record of achievements in developing commercial biotech products.

Technologies

Organic Omega: Solarvest BioEnergy’s algal production process allows for replicable, consistent and high-yield concentrations of final products for expedited product development and complex product versatility. It sustainably and efficiently produces organic certified Omega-3 fatty acids with five days of production resulting in tons of biomass. The company has produced the first and only FDA-approved DHA/EPA Organic Omega-3 supplement that is certified organic, vegan, allergen and pollution free, highly bioavailable, sustainable and non-GMO. Solarvest BioEnergy’s key consumer brand is called EverseaTM which brings the company’s first commercialized Organic Omega-3 products to market. The company’s Organic Omega-3 product(s) are plant based (from algae) so completely free of fish, unlike the majority of options in the market. The Organic Omega-3 product(s) is also available on the market white label.

Protein Expression: Solarvest BioEnergy has announced a successful proof of concept study for producing therapeutic proteins from algae. The first protein, bone morphogenetic protein (BMP6) is a highly valuable and complex protein that is used in human medicine to accelerate healing and enhance bone growth. Unlike current market options, the company’s BMP6 is safe as algae are free of any known human pathogens. The company is confident that it can produce other proteins. Solarvest BioEnergy will market its BMP6 and other potential proteins as approved pharmaceutical ingredients to large pharmaceutical companies.

The company has completed a feasibility study and implemented a research and development program to expand its product portfolio to include THC and CBD products. Solarvest BioEnergy believes that it can produce CBD from algae with its SVS algal expression platform. Compared to current CBD production methods, algal-based production will be significantly faster, higher quality, safer and since its produced in sterile bioreactors more controllable when compared to conventional agriculture.

H2 Expression: The company’s proprietary microalgae induction technology converts carbon dioxide and other nutrient waste streams into useful biomass and hydrogen

Solarvest BioEnergy has organized contract manufacturing for the commercial production of its Organic Omega-3 products. The company has secured an organic certified contract manufacturer from a German multi-billion dollar food company. Solarvest is also currently looking into the possibility of domestic production to build out the supply chain from its existing research and development facility in Prince Edward Island in Canada. The company also recently entered into a contract with Canada’s Smartest Kitchen to produce an ingredient blend for the plant-based seafood industry.

Solarvest BioEnergy has already filed 68 patents in commercially relevant markets including Europe, the US, Canada, Japan, China and Australia –– many of which have already been granted. In addition to Eversea’s e-commerce platform, the company plans to pursue a global penetration strategy by making strategic partnerships with organic food processors who to sell into large retailers and e commerce sites. This includes selling their Organic Omega-3 product as an additive or enhancement to organic food products such as dairy goods and smoothies sold by other companies. Given the importance of Omega-3 in brain development in babies and young children, the company will also market to the global infant and baby food segments.

Company Highlights

  • Solarvest BioEnergy is an innovative Canadian technology development company focused on producing a wide range of patented algae-derived products for human and animal nutrition, prescription and non-prescription medication and derivatives.
  • Solarvest BioEnergy’s key consumer brand is called Eversea which brings the company’s first commercialized Organic Omega-3 product to market. The product is the first and only FDA-approved DHA/EPA Organic Omega-3 supplement that is certified organic, vegan, non-toxic, highly bioavailable, sustainable and non-GMO. It will be sold through strategic partnerships and white label selling.
  • The company’s proprietary clean microalgae process allows for expedited product development and versatility to produce multiple complex products.
  • Solarvest BioEnergy’s production technology successfully produced highly valuable and safe bone morphogenetic protein (BMP).
  • The company has a strong market growth strategy. The company plans to expand its product human therapeutic CBD and THC products.
  • Solarvest BioEnergy is led by a highly experienced management team with expertise and a proven track record of achievements in developing commercial biotech products.

Key Products

Eversea

Eversea is Solarvest BioEnergy’s consumer brand of products. Eversea has brought the company’s Organic Omega-3 supplement to market through its e-commerce platform on its website. The product features a unique and patented Nanuq Organic Omega-3 ingredient which is certified organic in the European Union and by the USDA.

The Omega-3 supplement comes in the form of a dried fruit gummy that includes the companies patented long-chain Omega-3 which is significantly more bioavailable than current plant organic Omega-3 options which are short-chain. Known as ALA, (from Flax chia hemp) and only allow for less than 10 percent bio-absorption.

It is also pure with no solvents or chemicals such as hexane and acetone that are often used to extract Omega-3 oil from fish and krill. The Omega-3 supplement is also free of toxins and heavy metals such as mercury, PCBs and dioxins that are found in fish from the ocean. It is also completely free of fish and derived from algae which eliminate the risk of ocean-based contamination and saves dwindling native fish populations.

Eversea will bring to market various products that the company plans to release. Algae powder products will come in the forms of a processed food supplement, human nutraceutical, infant and baby food and a children’s supplement. Algae oil and beverage supplementation products will be human nutraceuticals. Pharmaceutical-grade oil will come in the form of an active ingredient and a carrier for bioactive products.

Management Team

Gerri Greenham — CEO and Director

Gerri Greenham has been active in the biotech industry since 1983. He organized the acquisition from Connaught Laboratories of their biotech division to create Cobequid Life Sciences Inc. (TSE: KQR) that was subsequently acquired by Novartis Animal Health Inc. (“Novartis”) in 2000. Since then, he has been involved in private investments as well as sitting on boards of directors and advisory boards of various public and private companies.

Dr. Azoy Kumar Kundu — Senior Research Scientist

Azoy Kumar Kundu obtained his bachelor’s degree in Agriculture from Bangladesh Agricultural University. He completed his M.S. and Ph.D. degrees from Japanese universities on plant viruses and carried out his postdoctoral research at JIRCAS in Japan. Before joining Eversea Inc., Kundu served at AquaBounty Canada Inc. as a senior research scientist. Kundu developed PCR-based diagnostic assays to differentiate the genetically modified Atlantic salmon (GMO salmon) from the wild-type Atlantic salmon and validated several important studies for AquaBounty. Kundu has completed “Good Laboratory Practice Study Director/Principal Investigator Training” from the Society of Quality Assurance in the United States. Kundu has experience in molecular biology, cell biology, protein chemistry-based research works, a wide range of laboratory techniques and analytical instrumentation. Experience in these fields enables him to perform high-value protein expression studies in microalgae.

Garth Greenham — COO

Garth Greenham has an extensive record with both privately-held and publicly traded healthcare companies. He served as president of the global aquaculture division at Novartis Inc. He started his career with Johnson & Johnson (J&J) where he served 15 years mostly with McNeil Pharmaceutical in numerous management positions in operations. He joined Cobequid Life Sciences Inc. (KQR) and served as director of sales and marketing and operations for nine years. Greenham helped grow Cobequid Life Sciences to become a global leader in the field of aquaculture animal vaccines.

Dr. Michael Thomas Horne BA Ph.D. FRSB FCIM FIBMS CBiol CSci CMgt — Head of Research

Dr. Michael Horne is a Fellow of Royal Society of Biology (UK), Fellow of Institute Biomedical Scientists and a Fellow of the Chartered Institute of Management is Solarvest’s Head of Research. Horne obtained a first degree and Ph.D. in genetics at the Universities of Oxford and Wales (UCNW). He later taught genetics at UCNW and then at Stirling University where he was the head of genetics and director of the aquatic vaccine unit. He joined the Canadian company Cobequid Life Sciences Inc. (KQR) as a director of research, developing over 40 licensed products for aquaculture for 20 years. On the acquisition of KQR by Novartis, he remained the director of research and development. Throughout this period, he held a number of non-executive positions and directorships in companies. He also acted on the advisory panel of the Scottish Development Agency and worked with various UK national scientific committees and The Irish Board of Medicines. Before moving into the industry, he was the author of 65 peer-reviewed publications and many more articles, presentations and contributions to general journals. He is also an author and co-author of a number of issued patents.

Solarvest Bioenergy Inc. Granted Organic Omega-3 Patent in Japan

Solarvest Bioenergy Inc. Granted Organic Omega-3 Patent in Japan

(TheNewswire)

Solarvest BioEnergy Inc.

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(TheNewswire)

Solarvest BioEnergy Inc.

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(TheNewswire)

Solarvest BioEnergy Inc.

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