PureCircle Limited PureCircle Resolves Patent Infringement Litigation (3204G)
March 01 2018 - 1:02AM
UK Regulatory
TIDMPURE
RNS Number : 3204G
PureCircle Limited
01 March 2018
PureCircle Resolves Patent Infringement Litigation
March 1, 2018 Chicago, Illinois - Today, both PureCircle USA
Inc. and Sweet Green Fields USA LLC announced that they have
settled a dispute before the International Trade Commission ("ITC")
on the importation of products that were alleged to infringe
PureCircle's US Patent No. 9,420,815 regarding Glucosylated Steviol
Glycosides. As part of the settlement, SGF has signed a license
agreement with PureCircle that resolves the current dispute and
allows SGF to continue to sell its Natrose I Glucosylated Steviol
Glycosides product. - ends -
Enquiries:
Investors/Analysts
Magomet Malsagov, CEO
Email: malsagov@purecircle.com
Rakesh Sinha, CFO
Email: Rakesh.Sinha@purecircle.com
Media
Carolyn Clark, Director of Global Marketing
Email: Carolyn.Clark@purecircle.com Phone: 1 (630) 517 0812
Emma Kane (Redleaf), Media Relations
Email: media@purecircle.com Phone: +44 (0)20 3757 6888
Notes to Editors
About PureCircle
-- PureCircle is the only company that combines advanced R&D
with full vertical integration from farm to high-quality,
great-tasting innovative stevia sweeteners.
-- The Company collaborates with farmers who grow the stevia
plants and with food and beverage companies which seek to improve
their low- and no-calorie formulations using a sweetener from
plants.
-- PureCircle will continue to: lead in research, development
and innovation; produce a growing supply of multiple varieties of
stevia sweeteners with sugar-like taste, using all necessary and
appropriate methods of production; and be a resource and innovation
partner for food and beverage companies.
-- PureCircle stevia flavor modifiers work in synergy with
sweeteners to improve the taste, mouthfeel and calorie profile, and
enhance the cost effectiveness, of beverage and food products.
-- Founded in 2002, PureCircle is continually investing in
breakthrough research and development and it currently has 72
stevia-related approved patents and 200 pending.
-- PureCircle has offices around the world with the global
headquarters in Chicago, Illinois.
-- To meet growing demand for stevia sweeteners, PureCircle is
rapidly ramping up its supply capability. It completed expansion of
its Malaysian stevia extract facility in March 2017, increasing its
capacity to rapidly supply the newer and great-tasting specialty
stevia sweeteners and helping provide ever-increasing value to its
customers.
-- PureCircle's shares are listed on the main market of the
London Stock Exchange.
-- For more information, visit: www.purecircle.com
About stevia
-- Given the growing global concerns about obesity and diabetes,
beverage and food companies are working responsibly to reduce sugar
and calories in their products, responding to both consumers and
health and wellness advocates. Sweeteners from the stevia plant
offer sugar-like taste and are becoming an increasingly important
tool for these companies.
-- Like sugar, stevia sweeteners are from plants. But unlike
sugar, they enable low-calorie and zero-calorie formulations of
beverages and foods.
-- Stevia leaf extract is a natural-based, zero calorie,
high-intensity sweetener, used by global food and beverage
companies as a great-tasting zero-calorie alternative to sugar and
artificial sweeteners.
-- Stevia is a naturally sweet plant native to South America;
today, it is grown around the world, notably in Kenya, China and
the US.
-- The sweet-tasting parts of the stevia leaf are up to 400
times sweeter than sugar: stevia's high-intensity sweetness means
it requires far less water and land than sugar.
-- Research has shown that the molecules of the stevia leaf are
present and unchanged in the dried stevia leaf, through the
commercial extraction and purification process, and in the final
stevia leaf extract product. All major global regulatory
organisations, across 65 countries, have approved the use of
high-purity stevia leaf extracts in food and beverages.
-- For more information on the science of stevia, please visit
https://www.purecirclesteviainstitute.com/
This information is provided by RNS
The company news service from the London Stock Exchange
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