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EcoSynthetix Receives Bioproducts Cluster Funding in Visit from Federal Minister of Agriculture & Agri-Food
BURLINGTON, ON , Sept. 11, 2014 /CNW/ - EcoSynthetix Inc. (TSX:ECO) ("EcoSynthetix" or t...
About this update from Ecosynthetix Inc.
[{"type":"text","content":"\n\n\nBURLINGTON, ON, Sept. 11, 2014 /CNW/ - EcoSynthetix Inc. (TSX:ECO)\n (\"EcoSynthetix\" or the \"Company\"), a renewable chemicals company that\n produces a family of commercially proven bio-based products, today\n hosted the Honourable Gerry Ritz, Federal Minister of Agriculture and\n Agri-Food, for the announcement of $7 million in funding for a national\n Bioproducts cluster. The cluster, developed by Bioindustrial Innovation\n Canada, connects research and market-ready products across Canada.\n EcoSynthetix will receive approximately $2 million of the total grant.\n\n\n\"The support of the federal government will enable us to accelerate our\n commercialization efforts for new bio-based technology platforms\n targeting the replacement of non-renewable chemicals,\" said John van\n Leeuwen, CEO of EcoSynthetix. \"In addition, this funding will allow us\n to invest in additional product development talent at our Centre of\n Innovation in Burlington, Ontario. Our team continues to make strong\n progress in the development of new products by building upon the core\n science of our proprietary technology.\"\n\n\nAgriculture and Agri-Food Canada scientists will work with industry\n partners on adding value to the agriculture sector and responding to\n global demand for environmentally-friendly bioproducts.\n\n\nAbout EcoSynthetix Inc. (www.ecosynthetix.com) \nEcoSynthetix Inc. is a renewable chemicals company specializing in\n bio-based products that can be used as inputs in industrial\n manufacturing for a wide range of consumer products. The Company's\n products offer a reduced carbon footprint and are marketed primarily on\n the basis of lower cost, stable pricing and equal or superior\n performance. EcoSynthetix's lead product, EcoSphere® biolatex® binders, is used commercially by a number of the global top 20\n manufacturers in the coated paper and paperboard industry.\n\n\nForward Looking Statements\nCertain statements in this Press Release constitute \"forward looking\"\n statements that involve known and unknown risks, uncertainties and\n other factors which may cause the actual results, performance,\n objectives or achievements of the Company, or industry results, to be\n materially different from any future results, performance, objectives\n or achievements expressed or implied by such forward looking\n stat...