[USA] BlueOcean NutraSciences (BOC:TSX-V) (“BlueOcean” or the “Company”), is pleased to announce that it has executed a Collaboration Letter of Intent with a Top Ten US Supplements Company (“Customer”). The collaboration’s objective is to determine the positive bio-availability effects from the large amount of esterified natural astaxanthin (over 6000 ppm) found in the Company’s Northern AstaShrimp based oil that are embedded in 40% Phospholipids. This is about thirty times more astaxanthin than most commercial krill based oils. The study will demonstrate that esterified natural astaxanthin in the Company’s shrimp oil becomes more bio-available than algae based commercial natural astaxanthin that has 0% Phospholipids.
The Northern AstaShrimp oil product to be introduced under the Customer’s own brand has been approved by the Customer’s New Product Development Committee and is currently in the final stages of the Customer’s Quality Assurance process which upon completion, will lead to a first Purchase Order for the Company’s shrimp oil soft gels.
Bioavailability, or the degree of absorption of an antioxidant such as astaxanthin, is a critical factor in maximizing health benefits per unit consumed. The Company’s sustainably sourced Northern AstaShrimp oil also has comparable amounts of Phospholipid-bound Omega-3 EPA and DHA as found in krill oil. Studies have shown that krill oil bio-availability of the Omega-3s are enhanced by up to 2.5 times when compared to regular Omega-3 fish oils. Northern AstaShrimp oil is therefore positioned to be a superior alternative to krill oil due to its astaxanthin content and potentially superior to algae based astaxanthin products due to higher bio-availability from shrimp oil Phospholipids. The collaborative astaxanthin bio-availability study target is Q2 2016.
Northern AstaShrimp oil is also the base ingredient in the Company’s retail brand, Pure Polar Omega-3 Shrimp Oil, which is formulated with premium fish oils to contain about two times more Omega-3 EPA and DHA and 10 times more natural astaxanthin than most retail krill oil products.