(TheNewswire)
Vancouver, B.C. - TheNewswire - January 24 th, 2023 – Solarvest BioEnergy Inc.(“Solarvest”, or the “Company”) (TSXV:SVS), (“Solarvest” or the “Company”), announces that ithas been granted a patent for Organic omega-3 in Brazil. Theintellectual property protection concentrates on the production ofalgal biomass, algal cell cultures, lipid compounds, and compositionsthereof, including fatty acids, carotenoids and fat soluble vitamins. This patent adds additional strength to the Company’s existingpatent portfolio as it commercializes its line of organic Omega-3products. Brazil is the largest country in South America withpopulation exceeding 217,000,000 – the s eventhmost populous country in the world.
The Company is focused on supplying unique “cleanlabel” products to satisfy the demand for premium plant-based,organic Omega-3 health products. In addition, the Company’s whollyowned subsidiary Eversea has accelerated efforts to offer organicmarketing companies and organic oriented retailers with house brandedproducts based on our unique bioavailable Omega-3 ingredient. Channelmarketing feedback indicates that there is extensive market demand forthe product’s unique characteristics, particularly among consumersfocused on organic, vegetarian and vegan diets. The Company’spatented Omega-3 products have obtained FDA NDI (New DietaryIngredient) certification, and certified Organic by the USDA and EU.
Further to this patent the company has previously beenissued organic omega-3 patents in Japan, Australia and India. Inaddition, the patent is pending in practically every commerciallysignificant global market, including the USA and the EU.
AboutSolarvest
Solarvest BioEnergy Inc. is an algae biologics companywhose production platform provides it with an extremely flexiblesystem capable of producing numerous products from Omega 3 fatty acidsto human therapeutic proteins.
For further information contact:
Claes Ellegaard
Phone: 1.514.898.3488
Email: invest@solarvest.ca
Forward-LookingInformation
This press release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Forward-looking information includes, but is not limitedto, statements with respect to the terms of the Offering, thecompletion of the Offering and the expected use of the net proceedsreceived by the Company. Generally, forward-looking information can beidentified by the use of forward-looking terminology such as“plans”, “expects” or “does not expect”, “isexpected”, “budget”, “scheduled”, “estimates”,“forecasts”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words andphrases or state that certain actions, events or results “may”,“could”, “would”, “might” or “will be taken”,“occur” or “be achieved”. Forward-looking information issubject to known and unknown risks, uncertainties and other factorsthat may cause the actual results, level of activity, performance orachievements of the Company to be materially different from thoseexpressed or implied by such forward-looking information, includingbut not limited to: general business, economic, competitive,geopolitical and social uncertainties; and regulatory risks. Althoughthe Company has attempted to identify important factors that couldcause actual results to differ materially from those contained inforward-looking information, there may be other factors that causeresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate, asactual results and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking information. The forward-lookinginformation contained in this news release is expressly qualified inits entirety by this cautionary statement. The Company does notundertake to update any forward-looking information, except asrequired by applicable securities laws.
Neither the TSXVenture Exchange nor its regulation services provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.
None of thesecurities of Solarvest have been registered under the U.S. SecuritiesAct of 1933, as amended (the “U.S. Securities Act”), or any statesecurities law, and may not be offered or sold in the United States orto, 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 theU.S. Securities Act) absent registration or an exemption from suchregistration requirements. This press release shall not constitute anoffer to sell or the solicitation of an offer to buy in the UnitedStates nor shall there be any sale of the securities in any State inwhich such offer, solicitation or sale would be unlawful.
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