Internationalization of Business Activities - BRAIN AG establishes US subsidiary to strengthen business development in North America
DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG / Key word(s): Strategic Company Decision
Internationalization of Business Activities
Nearby BRAIN LLC is the US representative office of the BRAIN subsidiary Analyticon Discovery GmbH, Potsdam. BRAIN Group expects synergies and faster market access for its own product and process developments through the co-operation of the two US branches.
BRAIN AG has taken a series of strategic measures since the beginning of the financial year 2017/18 with the aim of expanding business development and market access for BRAIN innovations. Dr. Jürgen Eck, CEO of BRAIN AG, commented: "The establishment of BRAIN LLC in the US state of Maryland is aimed at driving forward the internationalization of our business development. In order to be able to market our product and process innovations in the important future market of bio-economics more effectively internationally in the future, direct market access is of great importance. Our M&A strategy and the preparation of product-specific spin-offs to strengthen our product-driven business segment BioIndustrial also contribute to this."
BRAIN AG and Analyticon Discovery GmbH are already partners in important product developments of BRAIN Group such as the DOLCE program for the development of biological sugar substitutes and sweetener enhancers. Several US companies have already been acquired as development partners in this program.
BRAIN and Analyticon Discovery also work closely together in other development programs based on naturally derived active ingredients for different target industries. In addition to the targeted reduction of sugar in the food industry, this also applies to the reduction of salt and fat in foods and beverages as well as natural substances that prevent harmful germs and spoilage of food products. This includes, for example, the PerillicActive development program for natural active ingredients based on fermented orange oil.
B.R.A.I.N. Biotechnology Research and Information Network AG (BRAIN AG; ISIN DE0005203947 / WKN 520394) is one of Europe's leading technology companies in the field of industrial biotechnology, the core discipline of Bioeconomy. As such, BRAIN identifies previously untapped, efficient enzymes, microbial producer organisms or natural substances from complex biological systems that can be put to industrial use. The innovative solutions and products developed by help of this "Toolbox of Nature" are successfully applied in the chemistry, the cosmetics and the food industries. BRAIN's business model is based on two pillars - BioScience and BioIndustrial. The BioScience comprises its frequently exclusive collaboration business with industrial partners. BioIndustrial comprises the development and commercialization of BRAIN's own products and active product components. Further information is available at www.brain-biotech.de/en.
This press release contains forward-looking statements. These statements reflect the current views, expectations, and assumptions of the management of BRAIN AG and are based on information currently available to the management. Forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. There are numerous factors which could influence the future performance by and future developments at BRAIN AG and the BRAIN group of companies. Such factors include, but are not limited to, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. BRAIN AG does not undertake any obligation to update or revise any forward-looking statements.
|Company:||B.R.A.I.N. Biotechnology Research And Information Network AG|
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|Phone:||+49 (0) 62 51 / 9331-0|
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|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|