Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > Solazyme and Roquette Frères Sign Joint Venture Agreement

Abstract:
Shareholders of Harris & Harris Group may be interested to know that Solazyme, Inc., and Roquette Frères, the global starch and starch-derivatives company headquartered in France, today announced that they have signed a joint venture (JV) agreement for the production, commercialization and market development of microalgae-derived food ingredients, subject to regulatory approvals and notifications.

Solazyme and Roquette Frères Sign Joint Venture Agreement

New York, NY | Posted on November 8th, 2010

The JV is being formed to launch an entirely new category of natural, healthy and functional ingredients based on microalgae. The JV, which will be named Solazyme-Roquette Nutritionals, plans to launch a variety of oil, protein and fiber based products aimed at delivering improved performance with an improved health profile compared to ingredients in the market today.

The JV, which will be 50 percent owned by each parent company, will be operational by the beginning of 2011. Its management team and board of directors will be drawn from both parent companies, with Solazyme's CEO, Jonathan Wolfson, serving as the initial CEO of the JV. Roquette will fund and build a JV-owned, commercial-scale manufacturing plant with capacity in the tens of thousands of tons of annual production located at a Roquette corn wet mill. In addition, Roquette will provide upfront licensing payments to Solazyme and working capital to fund the JV until it reaches profitability.

Harris & Harris Group is an investor in privately held Solazyme, Inc.

This news release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this news release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The references to the websites www.HHVC.com and www.businesswire.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this news release. Harris & Harris Group is not responsible for the contents of third party websites.

####

About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital company that invests in nanotechnology and microsystems. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com.

For more information, please click here

Copyright © Harris & Harris Group

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Engineering piezoelectricity and strain sensitivity in CdS to promote piezocatalytic hydrogen evolution May 13th, 2022

New nanomechanical oscillators with record-low loss May 13th, 2022

Small microring array enables large complex-valued matrix multiplication May 13th, 2022

Study finds nanomedicine targeting lymph nodes key to triple negative breast cancer treatment: In mice, nanomedicine can remodel the immune microenvironment in lymph node and tumor tissue for long-term remission and lung tumor elimination in this form of metastasized breast cance May 13th, 2022

Govt.-Legislation/Regulation/Funding/Policy

Lightening up the nanoscale long-wavelength optoelectronics May 13th, 2022

On-Chip Photodetection: Two-dimensional material heterojunctions hetero-integration May 13th, 2022

Small microring array enables large complex-valued matrix multiplication May 13th, 2022

The future of desalination? A fast, efficient, selective membrane for purifying saltwater May 13th, 2022

Announcements

Engineering piezoelectricity and strain sensitivity in CdS to promote piezocatalytic hydrogen evolution May 13th, 2022

New nanomechanical oscillators with record-low loss May 13th, 2022

Small microring array enables large complex-valued matrix multiplication May 13th, 2022

Study finds nanomedicine targeting lymph nodes key to triple negative breast cancer treatment: In mice, nanomedicine can remodel the immune microenvironment in lymph node and tumor tissue for long-term remission and lung tumor elimination in this form of metastasized breast cance May 13th, 2022

Food/Agriculture/Supplements

Polymer fibers with graphene nanotubes make it possible to heat hard-to-reach, complex-shaped items February 11th, 2022

Unprecedented view of a single catalyst nanoparticle at work: X-rays reveal compositional changes on active surface under reaction conditions October 1st, 2021

‘Anti-rust’ coating for plants protects against disease with cellulose nanofiber: Researchers from the University of Tsukuba find that coating soybean plant leaves with cellulose nanofiber offers resistance to infection by Asian soybean rust pathogen September 10th, 2021

Enhanced ambient ammonia photosynthesis by Mo-doped Bi5O7Br nanosheets with light-switchable oxygen vacancies September 3rd, 2021

Alliances/Trade associations/Partnerships/Distributorships

University of Strathclyde and National University of Singapore to co-ordinate satellite quantum communications May 13th, 2022

CEA and Startup C12 Join Forces to Develop Next-Generation Quantum Computers with Multi-Qubit Chips at Wafer Scale March 25th, 2022

CEA and Spectronite Develop Software Radio For Spectrally Efficient Backhaul Solutions: Adapted for Spectronite’s X-Series Modem for 5G Systems, the Technology Enables Carrier Aggregation that Provides Radio Links with 10Gb/s Capacity March 4th, 2022

Wise-integration and EDOM Technology Announce Channel Partnership for GaN IC Power Semiconductor Deployment February 11th, 2022

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project