September 29, 2017

KnipBio Announces First Commercial-Scale Purchase Order for Premium Fishmeal Alternative

KnipBio

(Lowell, Massachusetts) September 27, 2017 – KnipBio, Inc.  announced today that it has received a significant purchase order for the company’s innovative fishmeal alternative, KnipBio Meal (KBM). The order is from an aquaculture industry leader operating across the Asia/Pacific region and comes after the customer found promising preliminary results from a series of KBM feed trials conducted with both shrimp and finfish at various stages of growth in both laboratory and field conditions. The customer intends to greatly expand these trials to evaluate KBM’s potential as an immuno-stimulant and conduct grow-out experiments to confirm KBM is a viable, sustainable, and nutritious alternative to traditional fishmeal.

KnipBio CEO Larry Feinberg stated, “Our new customer believes aquafeeds based on alternative proteins will play a vital role in the future of aquaculture and views KnipBio Meal’s bioengineering platform as providing unique advantages in performance and sustainability compared to terrestrial proteins. While I am unable to disclose the name of the customer, I can say the order is in the multi-tonne range. It marks a major milestone for KnipBio and we are privileged to be working with such an innovative and highly-regarded company.”

Feinberg added, “This order has enabled KnipBio to significantly scale-up our fermentation process so  that we are now able to produce up to ten metric tonnes of KBM per month. This increased capacity will allow us to meet the growing demand we are seeing from industry customers around the world and we are looking forward to working with interested parties on a variety of applications. This scale-up is also a critical step in our technology roadmap towards full commercialization and we are now in the planning phase for increasing our dedicated fermentation process to full-scale demonstration by mid-2018. Additionally, we are continuing to use our unique platform to develop additional strains of our bacteria that have the capability to produce taurine, prebiotics, carotenoids, and other important, potentially nutritionally-limiting ingredients. We believe our bioengineering platform will further solidify KnipBio Meal as a sustainable and viable alternative to conventional sources of protein.”


About KnipBio:  KnipBio, Inc. is a Massachusetts-based company pioneering advanced nutritional solutions for animal feeds using innovative biotechnology to develop a range of single cell protein products from non-food feedstocks. KnipBio is committed to maintaining a level of transparency to ensure the best sustainable and environmentally conscious practices. For more information, visit www.knipbio.com or contact us at info@knipbio.com

Contact:
KnipBio Inc.
Emma Marsh | (978) 636-5647
info@knipbio.com
Twitter:  @knipbio
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