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Media
Room - News Release
CONTACT: Geri
M. Berdak
The Solae Company
gberdak@solae.com
THE SOLAE COMPANY ANNOUNCES RESEARCH AND DEVELOPMENT AGREEMENT
WITH LINGUAGEN CORPORATION
Agreement comes in recognition of increasing consumer demand for
products that contain the many health benefits of soy protein but
also taste great
St. Louis, (October 2, 2003) – The Solae Company, a leader
in high-quality soy ingredient research and production, has announced
an agreement with Linguagen Corporation, top researchers in flavor
modification, to identify and develop flavor modifiers that will
continue to improve the taste of soy protein in order to meet growing
consumer demand for healthy yet great-----tasting foods and beverages.
“As a leader in soy ingredient technology, this agreement
further exemplifies our commitment to continuous improvement through
research,” said Tony Arnold, CEO of The Solae Company. “We
consistently see an increased demand for soy-based products, particularly
among mainstream consumers. To meet the needs of these consumers,
we maintain our focus of advancing the flavor and functional performance
of our ingredients across a wide variety of foods and beverages.” Added
Arnold: "The Solae Company’s goal is to incorporate
great-tasting,
value-added, specialty food ingredients into the world’s
menu everyday.”
Under the agreement, Linguagen will conduct research and development
in the field of flavor discovery and modification. Based on achievement
of specific research milestones, both companies may agree to commercialize
these flavor-modifying compounds.
“We are very pleased to be working with a world-class organization
such as The Solae Company,” said Shawn M. Marcell, Linguagen’s
COO and acting CEO. “Linguagen has developed one of the strongest
technologies in the emerging field of taste signaling. Naturally,
we’re excited by the opportunity to join with the world leader
in soy protein products toward its commercial application.”
About The Solae Company
The Solae Company, based in St. Louis, Missouri, serves food
and beverage manufacturers, dietary supplement developers, retailers
and consumers in 100 countries worldwide including the United
States and Canada, Europe and the Middle East, Latin America
and the Asia/Pacific region. The company is part of an alliance
between Bunge Limited (NYSE: BG) and DuPont (NYSE: DD). The company
is focused on significantly growing the global business in plant-based
specialty food ingredients and services that help customers compete
and prosper.
About Linguagen Corp.
Linguagen Corp. is a privately held company located in Cranbury,
N.J., and holds a variety of patents in the fields of taste-research.
The company researches, discovers, develops and commercializes
breakthrough products that improve the palatability of oral medicines
and enhance the flavor and nutritional value of foods and beverages,
including solutions to the problems of bitterness, excess sugar
and excess salt.
Forward-Looking Statements
This release contains “forward-looking statements” which reflect
the companies’ current expectations about future performance. These forward-looking
statements rely on a number of assumptions and estimates which could be inaccurate
and which are subject to risks and uncertainties. Actual results could vary
materially from those anticipated or expressed in any forward-looking statement
made by the companies due to a number of factors, including without limitation
technological uncertainties facing the companies and competitive factors. The
Solae Company and Linguagen Corp. disclaim any obligation or intent to update
the forward-looking statements in order to reflect events or circumstances
after the date of this release.
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