Zivo Claims Gras Status for its Proprietary Algal Biomass, Allowing Immediate Marketing of its Premiere Product as a Human Food Ingredient
DOWNLOAD AS PDF NOV 12, 2018
KEEGO HARBOR, MI / ACCESSWIRE / November 12, 2018 / ZIVO Bioscience, Inc. (OTCMKTS: ZIVO) a biotech/agtech R&D company engaged in the commercialization of nutritional products derived from its proprietary algal strains, announces today that it has received notice from an independent scientific review panel that ZIVO has satisfied the safety and process requirements to affirm GRAS status for its proprietary Kalgae™ branded dried algal biomass. GRAS refers to FDA designation Generally Recognized As Safe and allows the Company to market its product as an ingredient in a defined range of foods and beverages.
Initially, the Company will target vegan and functional food & beverage categories, ranging from veggie smoothies to snack bars intended for human consumption. GRAS status allows manufacturers and marketers to integrate the Kalgae™ ingredient into food processing lines and products, and to include its nutritional information on product labels. In turn, the Company has embarked on a comprehensive plan to build a global supply chain and furnish its algal biomass product on a large scale, while maintaining the highest quality and safety standards.
A parallel process to certify the Kalgae™ algal biomass as a phytogenic feed ingredient for poultry nutrition commenced in April 2018 and is expected to wind up in the first quarter of 2019, once again allowing the Company to immediately begin marketing its premiere product in this fast-growing $780 million segment of the poultry feed industry. Feed trials and customer demonstrations will likely precede the official launch date, to accommodate lead times for delivery of the product to prospective customers.
These developments provide the Company its first opportunity to generate revenue from sales of its premiere product in the US, to be followed by subsequent planned entries into European and Asian markets.
