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BioExx Specialty Proteins Ltd BIXZF

"Bioexx Specialty Proteins Inc is engaged in the development and commercialization of processing technologies, for use in the extracting various active ingredients from organic and inorganic materials. The company's primary focus is on the production of proteins from canola and other oilseed feedstocks. Its products include Isolexx, a protein isolate for use in bakery products, meat products, vegetarian food products and meat analogues, and nutritional and protein bars, drinks, and supplements;


GREY:BIXZF - Post by User

Post by gadfly222on Dec 26, 2011 1:20am
649 Views
Post# 19351674

GREAT NEWS OUT....

GREAT NEWS OUT....

BioExx Enters Continuous Production Operations at Saskatoon Plant


BioExx Specialty Proteins Ltd. (TSX:BXI) is pleased to announce that it has commenced the continuous operations process at is Saskatoon plant.

As expected, there were a number of challenges to overcome as the plant was restarted after its lengthy completion period. Each challenge requires adjustments of varying types and degrees, but each successful adjustment also represents a permanent correction to the process. By week''s end, the team was pleased with the many successes that were achieved and what was learned in the process.

The plant will be restarted again today and will continue on a schedule designed to have the plant operating on a 7 day, 24 hour per day basis about the same time as the plant is certified for HACCP/ISO22000/GMP in Q1 2011.

At present, the plant is staffed with two complete operating shift crews which allow the plant to be operated up to 3.5 days per week on a 24 hour basis. During the certification period, a third shift crew will be added that will increase operability of the plant up to 5 days per week on a 24 hour basis, and the fourth crew will be added in time to be trained and ready to have the plant operated on a 7 day, 24 hour basis as plant certification is achieved.

Fluctuations in daily operating results are normal and expected during this period and unless there is a material departure from the schedule described, or other developments of a material nature, the company does not intend to report ordinary operating details of the ramp-up process through press releases.

"We have had a number of successes during our first week of renewed operations, and there were some important lessons learned through adjustments that were required to be made," said Chris Carl, BioExx CEO. "Internally, we have set our expectations and goals very high, and we look forward to continued progress and success through the initial ramp-up period up as we move towards food-grade protein sales in Saskatoon."

FINALLY - SOME REAL PROGRESS BY MANAGEMENT....

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