Eevia Health Plc ("Eevia" or "The Company") has received a positive decision from Business Finland for a business development grant of 243 840 EUR. The grant is a 50% financing of a total project budget of 487.680 EUR. The project has two work packages.
One work package is aimed at increasing the scientific substantiation of the health effects of Eevia Health's products. This will include a screening of the bioactivity of Eevia's extracts using Eurofins BioMAP™. BioMAP™ profiling is the broadest, most physiologically relevant method to quickly and robustly determine the efficacy, safety, and mechanism of action (MOA) of candidate molecules to support their pipeline progression. BioMAP Systems are composed of over 60 human primary cell-based models of tissue and disease biology. It can provide profiling of 100's of clinically relevant protein biomarkers. It has a reference benchmark database of 4,500+ reference compound profiles and a suite of bioinformatics-based approaches for in-depth characterization of MOA and predictive insights on efficacy and safety. The project also involves a deep characterization of the extracts and some work related to documenting the effects related to cellular recycling.
The other work package is the valorization of Eevia's production side streams. Significant volumes of fibers, sugars, organic acids, and other compounds are today disposed of as waste material. These materials contain nutritionally beneficial compounds which may be used for human or animal nutrition. Eevia will work to explore the possible productization of these side streams, which will both improve profitability, as the valorization of the side streams will create new revenue streams. The removal of these streams from wastewater and biowaste, will also save costs and improve the environmental footprint and sustainability of Eevia's business operations.
Business Finland is a Finnish government organization that helps companies grow and succeed globally, develop solutions for the future, and renew their business operations boldly. Business Finland promotes collaboration between companies and research groups, so that new endeavors can develop into international business ecosystems. The organization employs 760 specialists at 40 foreign locations and 16 offices in Finland. Business Finland is a public-sector operator and part of the Team Finland network. The aim is to develop Finland into the most attractive and competitive innovation environment and the most enticing investment destination in the world. To learn more, please visit www.businessfinland.fi
The project will start in January and be implemented during the spring of 2023. The first results are expected in March-April. Positive results are expected to facilitate new revenues and significantly enhance Eevia's competitive stance and advantages in the nutraceutical industry.
For further information, please contact:
Stein Ulve, CEO, Eevia Health Plc
Email: stein.ulve@eeviahealth.com
Telephone: +358 400 22 5967
INFORMATION ABOUT EEVIA HEALTH PLC
Eevia Health Plc, founded in March 2017, addresses significant health problems with bioactive compounds extracted from plant materials. The materials are primarily wild harvested from the pristine Finnish and Swedish forests near or above the Arctic Circle. The extracts are sold B2B as ingredients in dietary supplements and food brands globally. These global brands utilize the ingredients in their consumer product formulas.
Eevia Health is a manufacturer of 100% organically certified plant extracts. Although a significant product, Elderberry extract, is made from cultivated berries, most of Eevia's other raw materials, such as bilberry, lingonberry, chaga-mushroom, and pine bark, are wild-harvested in a sustainable fashion.
Eevia Health operates a modern green-chemistry production facility in Finland. Manufacturing natural ingredients near the raw material harvest areas, Eevia offers a short value chain with an environmentally friendly carbon footprint, competitive pricing, and extreme transparency. Eevia listed its shares at Spotlight Stock Market in Sweden in June 2021, with the short name (ticker) EEVIA.
To learn more, please visit www.eeviahealth.com or follow Eevia Health on LinkedIn@EeviaHealth.
Eevia Health ("Eevia" or "The Company") received a 13K USD /12KEUR sales order for the elderberry extract Feno-Sambucus™ 7 Organic.
Eevia Health Plc, ("Eevia" or "The Company"), has received a sales order from a European customer of c. 41 KEUR for an organically certified bilberry extract.
Eevia Health Plc ("Eevia" or "The Company") is releasing its quarterly financial report for the first quarter of 2023.
Eevia Health Plc ("Eevia" or "The Company") is promoting its products and value proposition by exhibiting at Vitafoods 2023, a key nutraceutical tradeshow in Geneva, Switzerland between 9 - 11 May 2023
Eevia Health Abp ("Eevia Health" or the "Company") has appointed Mangold Fondkommission to act as a liquidity provider for the company's shares. The assignment commences on Wednesday, May 4th, 2023.
Eevia Health Plc, ("Eevia" or "The Company"), has received a first sales order from a new customer in Germany of c. 11 KEUR for Feno-Myrtillus® 36 Organic, an organically certified bilberry extract
Eevia Health Plc ("Eevia" or "The Company") has decided to adjust the planned time for several financial events in 2023.
Eevia Health ("Eevia" or "The Company") received a 450 KSEK / 40 KEUR sales order for the Feno-Sambucus™ from its Australian distributor Ingredient Plus. The order is the second order from an Australian brand owner.
Due to a language setting choice in our Cision News portal with both English and Finnish chosen in the original press release, the press release did not go out automatically on all channels at the same time. To ensure the release is available on all channels, we re-release the press release. There are no changes to the substance of the release.
Eevia Health Plc, ("Eevia" or "The Company"), received several new sales orders totaling c. 23.8 MSEK / 2.1 MEUR from an International nutraceutical brand owner for an extract ingredient with immune health properties.
Eevia Health Plc, ("Eevia" or "The Company"), received several new sales orders totaling c. 23.8 MSEK / 2.1 MEUR from an International nutraceutical brand owner for an extract ingredient with immune health properties.