BioEnvelop issues manufacturing licence in Pacific Rim

Montreal, QC – May 11, 2004 – Biodegradable coatings developer BioEnvelop Technologies says it has signed a manufacturing licence agreement with Mitsubishi-Kagaku Foods of Tokyo, Japan.

The licence allows Mitsubishi-Kagaku to manufacture, use, distribute, promote and sell protein-based biocoating products for markets within the Pacific Rim. The licence is for an initial 10-year term and is renewable for another 10.

“This licensing agreement furthers the company’s strategy to partner with established partners to develop additional geographic markets” says Nagui Naoum, BioEnvelop’s president and chief executive officer.