Radient Technologies Inc. (TSX-V: RTI) (“Radient”) announced today that it has been awarded a contract by a Fortune 500 consumer staples company (the “Customer”) valued at approximately half a million Canadian dollars.
Under the terms of the agreement, Radient, using its proprietary Microwave Assisted Processing (“MAP™”) technology and from its facilities in Edmonton, Alberta, Canada, will develop and produce initial quantities of an improved, high-value, natural feedstock to be used in the Customer's portfolio of differentiated products. Having met the Customer’s specific requirements for purity, speed, and cost, Radient was selected from a global list of potential suppliers.
“This agreement, particularly given the sophistication and scale of the Customer, reflects the strength of Radient’s technology and our ability to meet even the most stringent specifications in a cost-effective manner,” said Denis Taschuk, President and CEO of Radient. “We expect to complete this contract before the end of March, 2015.”
Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and biofuel markets. Visit