SWEE .31 some big news on website.
U.S. FDA issues GRAS No Objection Letter for SweeGen’s BESTEVIA™ Reb-M Stevia Sweetener
SweeGen’s BESTEVIA™ Reb-M sweetener—made from the stevia leaf—enables sugar reduction in food and beverages without sacrificing taste
RANCHO SANTA MARGARITA, California and WESTCHESTER, Illinois, March 2nd, 2017
SweeGen, a nature based sweetener company, and Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, today announced that the U.S. Food and Drug Administration (FDA) has issued a GRAS (Generally Recognized As Safe) No Objection Letter for BESTEVIA™ Reb-M stevia sweetener for use as a general purpose sweetener for food and beverage applications in the United States. This follows a review of the composition and manufacturing process of SweeGen’s BESTEVIA™ Reb-M, with documentation submitted to the U.S. Food and Drug Administration last year.
BESTEVIA™ Reb-M, SweeGen’s non-caloric and high purity stevia sweetener with a clean, sweet sugar-like taste, is produced from the stevia leaf. In a letter from the FDA dated Feb. 17, 2017, the agency acknowledged that it reviewed the application and has no further questions regarding the documentation so submitted related to the safety of the ingredient.
“Having received the No Objection Letter from the FDA, SweeGen and our valued distribution partner Ingredion, are now able to support food and beverage companies in the United States to meet consumer demand for reduced and no sugar products made with a new, high-purity, great tasting stevia sweetener,” said Steven Chen, president of SweeGen.
“Now beverage and food manufacturers in the United States can reduce sugar using BESTEVIA™ Reb-M stevia sweetener that has a sugar-like sweetness without the bitterness associated with some stevia sweeteners,” said Oscar Gutierrez, senior global director, sweetness innovation, Ingredion. “Food and beverage manufacturers are now able to reduce a high percentage of sugar without sacrificing taste.”
Ingredion is SweeGen’s exclusive global distributor in all markets (excluding SweeGen’s house accounts and in the Republic of China where it is a non-exclusive distributor). Ingredion will distribute BESTEVIA™ Reb-M stevia sweetener initially in the United States and Canada and subsequently in other countries as additional regulatory approvals are granted.
About SweeGen
SweeGen (OTC: SWEE) is dedicated to the development, production and distribution of non-caloric, non-GMO sweeteners for the food, flavor and beverage industries. SweeGen’s robust product pipeline, intellectual property portfolio, and dedicated manufacturing capacity and R&D provide the Company its foundation for innovation and delivery of high-quality sweetener products. For more information please contact info@sweegen.com and visit SweeGen’s website, www.sweegen.com.
About Ingredion
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions provider. We turn grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. Serving customers in over 100 countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger and add fiber to nutrition bars. For more information, visit Ingredion.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for BESTEVIA™ Reb-M stevia sweetener. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of each of SweeGen and Ingredion Incorporated.
Relevant risks and uncertainties include those referenced in the filings of each of SweeGen and Ingredion Incorporated with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. Each of SweeGen and Ingredion Incorporated assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.
“Bestevia” is a trademark held by SweeGen permitted to be used by Ingredion for distribution purposes.
Sweegen Announces Successful Commercialization of Bestevia™ Reb-M
Initial product shipments to a major global beverage company were completed in January ahead of schedule
February 21, 2017
RANCHO SANTA MARGARITA, CA – SweeGen, Inc. announced today the successful commercialization of its Bestevia™ Reb-M, the company’s non-caloric and high purity stevia sweetener with an unparalleled, clean, sweet taste, which is comparable to regular table sugar. Customer feedback on the product has been exceptional, which includes a major global beverage company that recently used SweeGen’s Bestevia™ Reb-M in its large-scale trial for one of its bottled beverages.
SweeGen’s Bestevia™ Reb-M, is the first sweetener of its type to be made commercially available via bioconversion. As the global demand for sugar continues to increase while production decreases, and companies are faced with a tax on high-sugar products, SweeGen’s Bestevia™ Reb-M produced through enzymatic conversion becomes the obvious choice for food and beverage manufacturers, as well as consumers.
The production of SweeGen’s Bestevia™ Reb-M uses proprietary and patent-pending bioconversion technologies utilizing natural steviol glycosides derived from the stevia leaf to achieve a high-quality sweetener that is well suited for food and beverage applications. With expected and upcoming regulatory compliance in major markets, competitive pricing, a superior taste profile and high purity, SweeGen’s Bestevia™ Reb-M is clearly set apart from the competition and establishes a new standard for the sweetener industry.
About SweeGen
SweeGen is dedicated to the development, production and distribution of non-caloric, non-GMO sweeteners for the food, flavor and beverage industries. SweeGen’s robust product pipeline, intellectual property portfolio, and dedicated manufacturing capacity and R&D provide the Company its foundation for innovation and delivery of high-quality sweetener products.
For more information please contact info@sweegen.com and visit SweeGen’s website: www.sweegen.com.
Forward-Looking Statements
This press release contains forward-looking statements including statements regarding the future outlook and performance of SweeGen, Inc., and other statements based on current management expectations, estimates and projections. These statements are subject to a variety of risks and uncertainties, are not guarantees and are inherently subject to various risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, without limitation, those that may be discussed from time to time in the company’s filings with the Securities and Exchange Commission. The forward-looking statements included in this news release are only made as of the date of this release, and SweeGen, Inc. disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
No duty to update
SweeGen, Inc. assumes no obligation to update any information or forward-looking statements contained herein, save for any information required to be disclosed by law.
Ingredion and SweeGen, Inc. Announce Agreement for Ingredion to Distribute SweeGen’s Stevia Sweeteners
WESTCHESTER, Ill., December 1, 2016
Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, has entered into an agreement with SweeGen, Inc., a company dedicated to the development and manufacture of stevia-based sweeteners, to be SweeGen’s exclusive global distributor of the company’s novel, nature-based stevia sweeteners in all markets except China. Ingredion will be a non-exclusive distributor in China.
SweeGen’s zero-calorie sweeteners, made using pure stevia leaf extract and a novel, proprietary process, have an unparalleled clean, sugar-like taste and are suitable for use in a variety of foods and beverages. Ingredion will distribute these sweeteners initially in the United States and subsequently in other countries as additional regulatory approvals are granted.
“We are excited about the prospects of our promising and expansive partnership with Ingredion. Their strong go-to-market expertise and customer base complement our demand-driven R&D and manufacturing capabilities,” said Steven Chen, CEO of SweeGen.
“SweeGen’s nature-based products, made from stevia leaf extract,represent the next generation of stevia sweeteners. Along with our current sweetener offerings, these great–tasting sweeteners give us even more options to help our customers develop on-trend products that meet consumer demands for healthier foods and beverages with less sugar,” said Anthony DeLio, Ingredion’s chief innovation officer. “We look forward to working with SweeGen to bring, what we believe are, the best-tasting stevia sweeteners to customers all over the world,” DeLio added.
Ingredion will begin distributing SweeGen products in February2017.
About Ingredion
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions provider. We turn corn, tapioca, potatoes and other vegetables and fruits into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. Serving customers in over 100 countries, our ingredients make yogurts creamy, candy sweet, paper stronger and face creams silky. Visit Ingredion.com to learn more.
About SweeGen
SweeGen is fully dedicated to the development, production and distribution of stevia sweeteners for the food, flavor and beverage industries. SweeGen’s robust R&D, portfolio and large manufacturing capacity ensure the strong integrity, high quality and sustained availability of their products. Please visit www.sweegen.com to learn more.
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