YICHANG, China and VANCOUVER, Canada — Angel Yeast Co., Ltd., a Shanghai Stock Exchange listed company (SSE:600298), has signed a global licence agreement with Renaissance BioScience Corp. to exclusively manufacture and supply the Renaissance novel, patent-protected yeast portfolio for the wine, cider and craft beer industries worldwide, starting in Q4/2017.
“We’re extremely pleased to expand our relationship with Renaissance. Over the past four years, Renaissance has developed and successfully commercialized a range of world-class yeast strains for wine and cider, and we are excited to become their exclusive manufacturing and distribution partner going forward for these successful products,” said Mr. Wu Zhaohui, Vice President of Angel Yeast Co., Ltd. “Importantly, Angel will be the exclusive global partner with Renaissance to introduce an exciting new line of premium beer yeast for the rapidly growing global craft beer industry. Renaissance has been an excellent business partner and we’re looking forward to working together to build this expanding beverage yeast business.”
Dr. Cormac O’Cleirigh, Chief Business Development Officer for Renaissance BioScience, commented, “Angel Yeast is a leading yeast company with world-class production and a global distribution reach far beyond its home markets in China and the Asia Pacific region. This agreement is the natural evolution of our ongoing relationship with Angel Yeast and with it we’re taking the next step to work more closely with them to bring new yeast to market in the craft beer industry, as well as continue the impressive growth we’ve seen in the wine and cider industries over the past four years.”
Renaissance’s novel hydrogen sulfide-preventing wine, cider and craft beer yeasts have generated significant commercial interest in Europe, Asia, North and South America, Africa and Australia/New Zealand. All Renaissance yeasts are patent-protected and were developed using classical non-GMO techniques. Under the agreement, Renaissance will work with Angel to fully commercialize the existing wine, cider and craft beer yeast portfolio, and bring new and exciting strains to the market in the coming years.
About Angel Yeast Co., Ltd.
Angel Yeast is a leading high-tech yeast company specializing in the production and global supply of high-qualtiy yeast, yeast derivatives, nutritional health products, and bio-feed additives for use in food, beverage, nutrition and biofuel industries. The company, which was founded in 1986, is headquartered in Yichang, China and has productionfacilities in China, Egypt and Russia. Listed on the Shanghai Stock Exchange, Angel Yeast provides products and servicesin more than 150 countries and employs more than 5,000 people worldwide.
About Renaissance BioScience Corp.
Renaissance BioScience Corp., based in Vancouver, Canada, is a privately held applied life sciences company that develops novel, yeast-based, patent-protected technologies for the global food, beverage and nutrition industries. The wholly owned commercial subsidiaries of Renaissance BioScience Corp. include Renaissance Yeast Inc., which commercializes H2S-preventing wine and cider yeast; Bright Brewers Yeast Inc., which commercializes beer yeast technologies; and Renaissance Ingredients Inc., which commercializes acrylamide-reducing yeast. Detailed information about the Renaissance group of companies can be accessed at www.renaissancebioscience.com.