Functional Technologies Corp.
TSX VENTURE : FEB

Functional Technologies Corp.

February 08, 2012 08:00 ET

Functional Technologies Files GRAS Notification for Acrylamide-Preventing Yeast

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") today announced it has submitted to the U.S. Food and Drug Administration (FDA) a Generally Recognized as Safe (GRAS) notification for the Company's acrylamide-preventing (AP) yeast. Functional Technologies' subsidiary, Phyterra Yeast Inc., submitted the application to the FDA on the view that this yeast is considered GRAS for use in reducing asparagine levels and thereby preventing the formation of acrylamide during heat-related processing of a variety of foods including grain- and vegetable-based food products (e.g. breads, biscuits, processed potato products, crackers, cereals, etc.).

"The submission of our GRAS notification to the FDA for our proprietary acrylamide-preventing yeast, as well as any other regulatory applications we may make in the future, are fundamental to Functional Technologies' demonstration of its commitment towards ensuring safety and quality of the products we have or intend to release to the market," said Mr. Howard Louie, Functional Technologies' Executive Chairman and Chief Business Development Officer.

About Functional Technologies Corp.

Functional Technologies develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries. The Company's platform improves the performance of innate yeast functions, and prevents the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by the World Health Organization as probable human carcinogens. Functional Technologies' lead technologies include yeasts that prevent and reduce the formation of the foul-smelling hydrogen sulphide (H2S) and the carcinogens acrylamide and ethyl carbamate (more commonly known as urethane), by-products of food and beverage processing. These contaminants are found in many commonly consumed items, such as fermented food products and alcoholic beverages, and baked and fried foods. With a head office in Vancouver, Functional Technologies Corp. has R&D operations in Prince Edward Island and Europe, as well as a U.S. sales office in Napa Valley, California. For more information, please visit our website at www.functionaltechcorp.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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