ARCHIVED - Ocean Nutrition Canada Ltd. Halifax, Nova Scotia

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March 15, 2007— Halifax, Nova Scotia

Nutraceuticals

Partnering with NRC's Industrial Research Assistance Program (IRAP) and the Institute for Marine Biosciences (IMB), Halifax-based Ocean Nutrition Canada Ltd. (ONC), a subsidiary of Clearwater Fine Foods has become a nutraceutical leader.

ONC has a proprietary technology for refining and concentrating long chain Omega-3 products from fish oil. Omega-3s have been clinically proven to impact on mental functioning and are a natural anti-inflammatory. They are currently number one in the world in the Omega-3 ingredient space, both food and supplement.

ONC's primary research activity is Bioassay Guided Screening for new active compounds from marine organisms found in the North Atlantic waters around Nova Scotia.

Employment at Ocean Nutrition Canada has jumped from 30 people in 1998 to 360 in 2006. Their current revenues stand at $100M with clients in the US, Canada, China, Europe, and Australia. ONC has a manufacturing plant in Mulgrave, Acadia, new laboratory facilities in Halifax and a head office in Dartmouth, NS.

Enquiries: Media relations
613-991-1431
media@nrc-cnrc.gc.ca

NRC-IRAP
1-877-994-4727
publicinquiries.irap-pari@nrc-cnrc.gc.ca

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