November 27, 2008
Bio-Extraction Inc. has signed a protein sales agreement with Helm AG, for the purchase and distribution of not less than 70 percent of the Specialty Protein products produced at the Bio-Extraction oilseed processing facility in Saskatoon, SK, Canada.
The agreement covers the entire range of specialty protein products to be produced by Bio-Extraction ranging from protein concentrates through super-concentrates and high purity protein isolates. Although Helm AG may purchase all of the specialty proteins from Saskatoon, BioExx can retain up to 30 percent of the volume for the purposes of new market development. In return for its purchase commitment, Helm will be the sole European distributor of specialty proteins produced at the Saskatoon plant.
The Saskatoon plant expects to start production of its Advantexx70 products in the second quarter of 2009. Advantexx70 is a 70 percent pure protein concentrate, initially targeted primarily at specialty feed and aquaculture markets.
Headquartered in Hamburg, Germany, Helm AG is a 108 year old company with offices worldwide including Europe, Africa, Asia and North America, and 2007 sales in excess of EUR7.5 billion. Helm is one of largest distributors of animal and human nutrition products worldwide.
Bio-Extraction Inc. from Toronto, Canada is a technology company focused on the extraction of oil and high-value proteins from oilseeds for the global food market. The company is currently completing construction its first commercial specialty extraction facility for processing oilseed to produce protein concentrates for the aquaculture and specialty animal feed markets, as well as canola oil and meal.