GLG Life Tech Corp., a company that engages in growing, refining, producing, and distributing stevia extract to the food and beverage industry worldwide, has announced the results of its 2011 Agriculture R&D Program.
The Company reported that it has successfully reached another milestone in its stevia seed propagation program and that its Huinong Three (H3) proprietary stevia varietal propagation is on schedule. It has been confirmed that H3 will be available for planting in the growing season of 2012. These new seeds will provide GLG with a substantial cost reduction in its production of high-purity stevia extracts. This is because of both the very high levels of rebaudioside A (“RA”) that is naturally found in these plants and the higher leaf yields produced from the larger H3 plants. The H3 plants have about 76% RA in the plant leaf, which is 26% higher than the first generation (H1) seeds. Also, the H3 plants will generate 46% more leaf per acre than was produced by the earlier H1 plants. RA is the sweetest component of the stevia plant and the primary glycoside used to meet with the demand for stevia sweeteners in the market.
GLG is also announcing the next generation of plant verietals. The Huinong Four (H4) is on schedule to be commercially available to be distributed to its contract farmers for the 2012 stevia growing season. The H4 proprietary strain displays a 16% increase in leaf yield over the H3 plants, while keeping a similar 76% RA content. This will result in more reductions to overall production costs. The H4 seeds will be playing a vital role, as parents, in the advance of the Company’s next generation of seeds.
The GLG Agriculture R&D team has also created a new Huinong Five (H5) plant strain this year, which is able to produce high amounts of stevioside (STV). The H5 strain’s STV content of about 70% makes it’s the highest STV seed that is available in the world today, with a leaf yield between the H2 and H3 yields. H5 will aid GLG in further reducing production costs for its BlendSure™ products, which has already received GRAS certification and a Letter of No Objection from the FDA earlier on this year.
GLG Chief Agricultural Scientist Mr. Qibin Wang stated, “I am very pleased with the recent developments of our agricultural R&D program. Under Dr. Luke Zhang’s leadership, we have progressively achieved several very significant milestones, with H4 and H5 following on the heels of the H1, H2 and H3 proprietary stevia plant varietals. We will continue to innovate agriculturally and to develop non-GMO, high yielding stevia strains that are natural, sustainable, and provide value for our future growth.”
GLG Chairman and CEO Dr. Luke Zhang commented, “GLG remains in the forefront of the stevia industry with these important agricultural achievements. Advancements such as these underline the importance of our vertical integration from seed to shelf and our control over the stevia supply chain. Leaf costs account for approximately 65% of the cost to produce high purity stevia extracts so our agriculture advances have the most significant impact on reducing our product costs. We expect that global stevia demand will continue to increase in the future as the cost of stevia extracts decreases, and flavor and aftertaste challenges are overcome. GLG has all the tools to address taste and cost challenges that have impacted stevia’s adoption in the past. We are confident that stevia demand from the global market will increase now that the aftertaste issue has been resolved by our recently established AN0C Stevia Solutions Company, comprised of stevia and Food & Beverage formulation specialists who work together and have a deep understanding in both stevia and product formulations. We expect to continue to lower our product costs through our dedicated agricultural R&D program. GLG is in the leading position to provide our customers both good-tasting stevia solutions and low cost stevia-based sweeteners.”
For more information on GLG Life Tech, visit its website at www.glglifetech.com
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