Brief: Aqua Bio Technology to develop skin care ingredients based on olive biomass

Aqua Bio Technology ASA

29/03/2016 12:02

March 29 (Reuters) - Aqua Bio Technology ASA  ATBT.OL : 
    * Says is to develop skin care ingredients based on olive biomass 
    * Says the company and Zembra Ltd of UK have signed a letter of intent for commercialization 
of biomass from olive oil production 
    * Over next months, the company will carry out testing of olive oil biomass in order to 
establish its safety profile and efficacy in relation to skin care applications 
    * Agreement does not include any initial payments 
    * Says the company will carry the costs related to the testing of Zembra's technology for 
skin care applications, and Zembra will receive payments when the product has reached commercial 
use 
 
Source text for Eikon:  ID:nHUGbsWWKp  
Further company coverage:  ATBT.OL  
 
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