News Column

Solarvest Announces Relocation to New Operating Facilities

Aug 13 2013 12:00AM

Marketwire

LogoTracker

MONTAGUE, PRINCE EDWARD ISLAND -- (Marketwired) -- 08/13/13 -- SOLARVEST BIOENERGY INC. (TSX VENTURE: SVS) ("Solarvest"), announces that Solarvest's operating division Solarvest (P.E.I.) Inc. has relocated to its newly renovated facilities in Montague PEI. Solarvest obtained the 30,000 sq. ft. facility on a lease to own basis and has completed improvements for the laboratory and production facility.

Solarvest's primary focus is Omega 3 fatty acids and the goal of research and operations at the new facility is to increase the yields and maximize the efficiency of the production of Omega 3 fatty acids from micro algae utilizing Solarvest's proprietary organic process. The Omega 3 supplement market has grown rapidly over the last ten years with the total market forecasted to grow to $15 billion by 2015, including human and animal health applications. The great majority of this demand has been supplied by fish oil, which many believe is ultimately unsustainable. Solarvest's algae products are sustainable, will be grown in a clean and contained environment, and are appropriate for vegetarian, vegan and organic diets. The organic market demand is currently not being met as fish and krill sources of Omega 3 are not certified organic. Solarvest plans to satisfy this need for premium organic Omega 3 with its Nanuk brand products, which will provide the organic food processor the opportunity to enhance their product.

The new operating division address is 3867 Greenfield Rd., Montague, PE. C0A 1R0, Canada.

About Solarvest BioEnergy:

Solarvest BioEnergy Inc. is an algae technology company whose algal-based production platform provides it with an extremely flexible system capable of being adapted to produce clean energy in the form of hydrogen and health products such as Omega oils in an economic and environmentally sensitive manner.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from Solarvest's expectations and projections.



Contacts:
Solarvest BioEnergy Inc.
Gerri Greenham
Chief Executive Officer
416 420 0947
ggreenham@solarvest.ca





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters