Functional Technologies Corp FEBTF

Hennie Yeast

[clearwaters]

The newspaper article refers to a "New Yeast" which in fact is a yeast that was developed many years ago and licensed to Lesaffre before Functional did its first deal with UBC and Hennie several years back.
The "New" reference must refer to being new to the region in terms of commercial availability and adoption rates. It poses no threat as a competitor to the line of yeasts that Functional has addressing vary different issues entirely, and currently to the best of my knowledge does not represent a platform technology as do the Functional line of yeasts- (technology applies to most if not all yeast strains in a platform as opposed to one yeast strain that has the attribute)
The yeast that Hennie licensed to Functional is the EC reducing yeast which is what people who invested in the stock five years ago plus invested in. The current buzz in the company surround the successful rollout of the H2S yeast which was in-licensed from UCD Calif, and the Acrylamide reducing/preventing yeast which was developed in house, these are relatively recent projects for the company with a completely different tempo of progression as compared to the long suffering shareholders that have been waiting for the first technology to commercialize. Just shows that the first product out of the gates is not always the first or fastest one to realize commercial success and or scalable adoption.