GLG Life Tech Corporation is Granted Patent on Core Technology, Cementing Leadership Position for the Production of High Volume,
June 23 2011 - 5:30AM
GLG Life Tech Corporation (Nasdaq:GLGL) (TSX:GLG) ("GLG" or the
"Company"), the vertically-integrated leader in the agricultural
and commercial development of high quality stevia and all natural
and zero calorie food and beverage products, announces that one of
its current patent applications, submitted in 2008 by its 100%
owned subsidiary – Qingdao Runde Biotechnology Company Ltd., has
been granted by the State Intellectual Property Bureau of the
People's Republic of China.
The Company's refining method for the extraction of high-purity
Stevioside (STV) has been granted full patent protection by the
State Intellectual Property Bureau of the People's Republic of
China. The unique extraction method is an innovative technology
that is scalable, allowing the company to produce high volumes of
greater than 80% high-purity STV.
GLG Chairman and CEO, Dr. Luke Zhang, stated, "This patent is of
core importance to GLG's China market opportunities, both with our
AN0C consumer food and beverage products and also enables us to
meet the low-calorie sugar product specifications set out by the
China Sugar Reserve (CSR). The CSR low calorie sugar products will
require a large amount of high-purity STV to meet the current and
anticipated domestic demand for this product. Our patented
technology puts us in a unique position to allow GLG to produce the
anticipated high volumes of high-purity STV necessary to meet these
requirements. To Management's knowledge, we are the only company
with patented high purity STV production technology to meet the
high specifications and volumes required for the China Sugar
Reserve low calorie sugar product."
At GLG, we focus on not only creating great tasting, low cost,
natural sweetening solutions for our customers, but also on
creating technology that uses fewer natural resources and decreases
the impact on the environment within which we operate.
About GLG Life Tech Corporation
GLG Life Tech Corporation is a global leader in the supply of
high purity stevia extracts, an all natural, zero-calorie sweetener
used in food and beverages. The Company's vertically integrated
operations cover each step in the stevia supply chain including
non-GMO stevia seed breeding, natural propagation, stevia leaf
growth and harvest, proprietary extraction and refining, marketing
and distribution of finished product. GLG's advanced technology,
extraction technique and premier, high quality product offerings
make it a leading producer of high purity, great tasting stevia
extracts. For further information, please visit
www.glglifetech.com.
The GLG Life Tech Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7994
Forward-looking statements: This press release
contains certain information that may constitute "forward-looking
information" and "forward-looking statements" within the meaning of
applicable Canadian and United States securities laws. All
statements relating to plans, strategies, projections of results of
specific activities or investments, and other statements that are
not descriptions of historical facts may be forward-looking
statements. Forward-looking statements and information are
inherently subject to risks and uncertainties, and actual results
could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to,
operational risks, the effects of general economic conditions,
changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and
negotiations, industry supply levels, competitive pricing pressures
and other risks and uncertainties disclosed in the public documents
filed by the Company with Canadian and United States securities
regulatory authorities. Forward-looking statements and information
may be identified by terms such as "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe",
"intend", "plan" or "project", or similar terms or the negatives of
these terms. Although we believe that the expectations reflected in
the forward-looking statements and information are reasonable, we
cannot guarantee future results, levels of activity, performance,
or achievements. The Company's forward-looking statements and
information reflect the beliefs, opinions and projections on the
date the statements are made. The Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change, except as required by
law.
CONTACT: Sophia Luke
Vice President of Investor Relations
GLG Life Tech Corporation
+1 (604) 669.2602 ext. 104
ir@glglifetech.com
www.glglifetech.com
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