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WASHINGTON, DC (September 12, 2018) The Algae Biomass Organization (ABO), the trade association for the algae industry, today announced Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in microalgae-based, high-value nutrition and health products, as its newest Gold-level member. As a Gold member of ABO, Cyanotech joins an elite group of companies and organizations that are coordinating the market strategies, policy support and technology advances that will develop algae into a sustainable source of countless products and services.
“Cyanotech has been a long-time leader in cultivating and processing algae for applications that are making people healthier, and the world a more sustainable place to live,” said Matt Carr, Executive Director of the Algae Biomass Organization. “Cyanotech’s expertise and success are significant additions to the momentum behind ABO’s campaign to advance the technologies and farming practices that are bringing hundreds of algae-based products to the market.”
Located on the Kona Coast of Hawai’i Island, Cyanotech has been producing microalgae since 1984. What started as a small 5-acre farm has grown to over 90 acres that now produces microalgae Arthrospira platensis (Spirulina) and Haematococcus pluvialis for ingredients as well as finished supplement goods. Cyanotech has long been a leader in the marketing efforts behind educating consumers about microalgae with its popular dietary supplement brands – Hawaiian Spirulina® and BioAstin® Hawaiian Astaxanthin®.
“We are excited to begin working with ABO as we bring more algae-derived products like astaxanthin, antioxidants and other nutritional ingredients to world that needs more sustainable solutions,” said Mawae Morton, Chief Executive Officer of Cyanotech. “As algae-based products become recognized by more markets around the world, the coordinated efforts of a trade group like ABO are more important than ever.”
About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.
About Cyanotech — Cyanotech Corporation, a world leader in microalgae technology for over 30 years, produces BioAstin® Hawaiian Astaxanthin® and Hawaiian Spirulina Pacifica®. These all natural, dietary ingredients and supplements leverage our experience and reputation for quality, building nutritional brands which promote health and well-being. The Company’s mission is to fulfill the promise of whole health through Hawaiian microalgae. Cyanotech’s BioAstin® offers superior antioxidant activity which supports skin, eye and joint health, as well as recovery from exercise*. Cyanotech’s Spirulina products offer nutrition that supports cardiovascular health and immunity.* All Cyanotech products are produced from microalgae grown at our 90-acre facility in Kona, Hawaii using patented and proprietary technology and are Generally Recognized as Safe (GRAS) for use in food products. Cyanotech sells its products direct to consumers at retail locations in the United States and online at www.nutrex-hawaii.com and also distributes to dietary supplement, nutraceutical and cosmeceutical manufacturers and marketers. The Company is regulated by the FDA. Visit www.cyanotech.com for more information.
*These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.
