21 March 19
"Prospective offtakers seeking samples for analysis
Qponics has been approached by several different companies in Australia, Asia, Europe and the United States that have an interest in purchasing the Company’s EPA-rich omega-3 oil produced from Nannochloropsis algae.
The Company is actively contacting all these prospective offtakers to offer them small samples of the EPA oil to allow them to analyse the product.
To date companies in the following categories have requested samples which will be dispatched by courier within the next seven days:
- Several different animal nutrition companies in Australia.
- A food supplement company based in Hong Kong.
- A company in Europe that specialises in extracting high-value compounds from plants for its clients.
- A major global foods company headquartered in North America wanting to develop new products using algal EPA omega-3 oil as an ingredient.
Qponics has received genuine enquiries from several other offtakers, and we anticipate requests for samples to be sent to many of them as well. One of these companies has informed Qponics that it will require several thousand tonnes of algal EPA oil per year (double the entire current global production) in the future. Qponics continues to receive regular enquiries from prospective offtakers averaging 3 to 4 per month. This reflects the strong and growing demand for algal EPA omega-3 oil."
Dr Graeme Barnett, Chief Executive Officer & Managing Director, Qponics Limited, 21 March 2019.
Please click on the link below to read the full release.
For more information about Qponics, please click here.