In order to address the North American markets of importance for the BRAIN Group more effectively, the German bio-economy pioneer BRAIN AG, headquartered in Zwingenberg, has founded the US subsidiary B.R.A.I.N. Biotechnology Research and Information Network US LLC (short: BRAIN LLC). This strategic step is intended to accelerate the internationalization of BRAIN’s business operations, improve customer relations and intensify the Group’s business development with a US presence. In addition, the company plans to expand its links with international research co-operations, in which BRAIN is already involved to some extent successfully. The newly founded BRAIN LLC is based in Rockville, Maryland, near Washington DC. After the company was founded and recorded in the previous month it now starts operations. BRAIN AG holds 100% of the shares in BRAIN LLC.
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.
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.