Perth, Mar 6, 2008 (ABN Newswire) - Stirling Products North America Inc (trading as Progressive BioActives Inc) and PEI Pork Plus Inc have signed an MOU which provides Stirling with the opportunity to become the exclusive sales and distribution partner for PEI Pork’s Omega-3 Meat Enhancement Technology. The MOU covers all livestock applications including swine, poultry, lamb and cattle markets in Australia, New Zealand and various Asian Pacific regions.
The MOU highlights the steps required to be undertaken by each party prior to a formal sales and distribution agreement being finalized. Pork Plus Inc. has developed an Omega-3 technology and husbandry program that allows for specific levels of Omega-3 levels to be incorporated into the meat to achieve label claims while contributing to the animals' health and productivity. In addition, their proprietary technology has enabled pork producers in PEI Canada to access niche value-added markets with Omega-3 enhanced pork products.
"Consumers are become savvy when searching for products deemed to provide health benefits and are willing to pay premiums for these products. Meat cuts offering enhanced Omega-3 content are currently a hot commodity in consumer markets," indicated Dr London, CEO and Managing Director of Stirling Products.
Stirling Products North America recently became the distribution agent for the Pork Plus Omega-3 product in Canada (as reported on 20 November, 2007). Mr Shane Patelakis, President of Stirling Products North America, Canada said, "The demand for niche products like natural and Omega-3 enhanced pork and chicken has increased over the last few years and demand for such has set the standards for high quality alternatives in the livestock industry. We are excited STI-NA will have an opportunity to explore and participate in this new potential revenue source for Stirling."
Stirling will undertake due diligence to determine the market potential and level of support in Australia. Omega-3 pork in particular is seen as a niche product that has already received some interest in Australia and the potential exists to provide the Australian public with a value-added functional food.
ENDS.
About ProVale:
ProVale is a highly purified, safe and natural immune-stimulating bioactive extract for use as a livestock or pet animal feed supplement. This unique "immunobiotic" has the benefit of boosting the immune system against various bacterial and viral diseases of animals. The product already has sales for poultry and swine in North America with further sales opportunities expected in South Asian Pacific regions.
The MOU highlights the steps required to be undertaken by each party prior to a formal sales and distribution agreement being finalized. Pork Plus Inc. has developed an Omega-3 technology and husbandry program that allows for specific levels of Omega-3 levels to be incorporated into the meat to achieve label claims while contributing to the animals' health and productivity. In addition, their proprietary technology has enabled pork producers in PEI Canada to access niche value-added markets with Omega-3 enhanced pork products.
"Consumers are become savvy when searching for products deemed to provide health benefits and are willing to pay premiums for these products. Meat cuts offering enhanced Omega-3 content are currently a hot commodity in consumer markets," indicated Dr London, CEO and Managing Director of Stirling Products.
Stirling Products North America recently became the distribution agent for the Pork Plus Omega-3 product in Canada (as reported on 20 November, 2007). Mr Shane Patelakis, President of Stirling Products North America, Canada said, "The demand for niche products like natural and Omega-3 enhanced pork and chicken has increased over the last few years and demand for such has set the standards for high quality alternatives in the livestock industry. We are excited STI-NA will have an opportunity to explore and participate in this new potential revenue source for Stirling."
Stirling will undertake due diligence to determine the market potential and level of support in Australia. Omega-3 pork in particular is seen as a niche product that has already received some interest in Australia and the potential exists to provide the Australian public with a value-added functional food.
ENDS.
About ProVale:
ProVale is a highly purified, safe and natural immune-stimulating bioactive extract for use as a livestock or pet animal feed supplement. This unique "immunobiotic" has the benefit of boosting the immune system against various bacterial and viral diseases of animals. The product already has sales for poultry and swine in North America with further sales opportunities expected in South Asian Pacific regions.
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About Stirling Products Limited
Stirling Products is developing patented animal growth agents that increase meat production, therefore improving the production efficiency of livestock animals, while decreasing fat accumulation for the benefit of consumers. The Stirling growth agents are under development for swine, poultry, cattle and sheep for global markets and are being positioned to take a major role in reducing the global use of antibiotics and steroid hormones in livestock. Stirling is also developing veterinary medications for heaves in horses through its joint venture in Europe (Pulmovet ApS, www.pulmovet.com) and an obesity treatment in companion animals.
Stirling Products recently acquired a Canadian company Progressive BioActives Incorporated (PBI) under its North American subsidiary, Stirling Products NA Inc. PBI is part of the Bioscience cluster established on located Prince Edward Island, Canada. PBI's lead product ProVale, is the latest high purity beta glucan extract that has been designed as an alternative tool for sustainable livestock management in face of increasing viral disease challenges where antibiotics have no or limited application. ProVale is available for targeted applications in swine, poultry and farmed aquaculture with a future focus on further developing applications for companion animals (e.g. horses, dogs, cats and reptiles).
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