EDMONTON, ALBERTA--(Marketwired - Sept. 15, 2016) - Radient Technologies Inc. ("Radient" or the "Corporation") (TSX VENTURE:RTI), an innovator in the extraction of natural ingredients from natural biomass using a proprietary Microwave Assisted Processing ("MAP™") technology, announced today that it has re-started plant operations at its Edmonton MAP™ processing facility.
Radient also announces that, further to its press release of December 11, 2015, it has entered into a further manufacturing agreement with a global leader (the "Customer") in the development, manufacturing and marketing of innovative ingredients for the cosmetic and personal care industry. The Customer offers active ingredients, functional ingredients and delivery systems from various origins and has confirmed that Radient successfully met its stringent requirements for purity, yield and cost.
Under the terms of the agreement, Radient will produce a specialized active ingredient for distribution in the Customer's international distribution network. The Corporation expects that this further agreement will lead to a broader partnership, including the development and manufacturing of other specialty ingredients by Radient to be used in the Customer's portfolio of differentiated products.
"With its current capacity and innovative technology, Radient is well positioned to create value in fast growing verticals associated with ingredients aligned to mega trends, including beauty, aging, and health and well-being," said Denis Taschuk, President and CEO of Radient.
Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and biofuel markets. Visit www.radientinc.com for more information.
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