Eugene Science Ships First Commercial CZ-S Order to Archer Daniels Midland Company
ADM is marketing the Company's patented, cholesterol-lowering CZ-S™ plant sterols in North America to food and beverage companies as part of ADM's CardioAid family of plant sterol ingredients, branded as CardioAid-CZ.
20/06/06 Eugene Science, Inc., a developer and marketer of advanced nutraceutical products, today announced that it has shipped its first commercial order of CZ-S™ plant sterol product to Archer Daniels Midland Company.
ADM is marketing the Company's patented, cholesterol-lowering CZ-S™ plant sterols in North America to food and beverage companies as part of ADM's CardioAid™ family of plant sterol ingredients, branded as CardioAid-CZ. ADM is a global leader in food, food processing and food and nutritional ingredients, and holds a leadership position in the nutritional food and supplement market.
"The first shipment of a commercial order to ADM is a pivotal step in Eugene Science's history," said Seung Kwon Noh, Chief Executive Officer, Eugene Science. "Effectively formulated, plant sterols, with their potential to reduce cholesterol levels safely, are nature's gift. Our vision calls for making CZ-S™ available worldwide to help consumers with a diet low in saturated fat and cholesterol lower their risk of heart disease. ADM, with its tremendous global market reach, is the ideal strategic ally and we appreciate their confidence."
"The ADM CardioAid™ family of plant sterols offers consumers powerful health benefits and addresses a rapidly growing marketplace for heart healthy foods and supplements," said Janice Binger, Vice President ADM Natural Health & Nutrition. "We are delighted to have Eugene Science's CardioAid-CZ as an important member of our sterol product portfolio."
Food industry executives polled by Reuters Business Insight in 2005 predicted that by 2009, cholesterol-lowering foods would be the most profitable health food, far ahead of recently trendy products such as low-carb foods. Market analysts at Frost & Sullivan project the European plant sterols market to grow at a rate of 15 per cent annually until 2010.
