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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 smlmedlgeon Mar 10, 2012 3:02pm
434 Views
Post# 19653658

Seems clear to me..unless I missed something

Seems clear to me..unless I missed something

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2012) - BioExx Specialty Proteins Ltd. ("BioExx" or the "Company")(TSX:BXI.TO- News), the first company to commercialize a new and complete food-grade protein from a major global crop in 50 years, today announced that it has received preliminary third party confirmation of the scalability of its unique canola protein production methods from GEA Process Engineering Inc. This confirmation, together with success in achieving the major milestone of 90% protein purity, strongly supports the Company's strategy to pursue qualified strategic partners.

The preliminary GEA report confirms the feasibility for plant sizes of 40,000 Mt and 80,000 Mt per year and also details the associated equipment and capital investment requirements.

" I think we can now safely say that the technology is strong, it is feasible, it is scalable, and it can drive compelling economic returns." C. Scharr......

Either one believes this 3rd Party confirmation.....or not. I do, and I bet a JV partner will be along. Why would CSharr(et.al.)....bet his/their personal future on working at Bioexx if he was not also convinced? Not to mention the 19% plus, stake of institutions, majors and insiders who have not changed their % holdings?

Have a great weekend....

smlmedlge

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