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Photonz has successfully produced about 20 tons of algal omega-3 eicosapentaenoic acid.
Photonz Corp. (Auckland, New Zealand) has announced the successful transfer of its proprietary omega-3 EPA to a contract facility in Canada where it can then be manufactured on an industrial level.
Earlier this year, the company announced that it would soon enter the burgeoning omega-3 market with EPA derived from a proprietary strain of microalgae. The company has since transferred, duplicated, and scaled up its algae culture at a Canadian facility, ultimately producing around 20 tons of its fermented final product.
“As a result of the success of this project I have confirmed to our investors that we remain on track to manufacture, in 2012, an industrial scale end-product that addresses a massive opportunity in the $60 billion cardiovascular disease market,” said Photonz chief executive Greg Moss-Smith.