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Martek Announces New Infant Formula Customer

Martek Biosciences Corporation (Nasdaq: MATK) announced that infant formula company Medici Medical Ltd. has signed a license agreement for use of Martek’s docosahexaenoic acid (DHA) and arachidonic acid (ARA) in infant formula sold in Israel. The omega-3 fatty acid DHA and the omega-6 fatty acid ARA are naturally present in breast milk. Clinical studies have demonstrated cognitive and visual benefits for those infants receiving DHA and ARA supplemented formula. Martek’s proprietary blend of DHA and ARA is the only source of these nutrients that the FDA has cleared for use in U.S. infant formula, and is currently being sold by the Company’s licensees in supplemented formulas in over 60 countries around the world. “The Medici Medical agreement is yet another example of how formula manufacturers are recognizing the benefits of adding Martek’s DHA and ARA to formula, both for their business and the infants they serve. It is heartening to know that with every new license agreement, more and more infants around the world will benefit from Martek’s DHA and ARA,” said Henry “Pete” Linsert, Jr., Chairman and CEO of Martek Biosciences Corporation. Website: [sorry this link is no longer available]     

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Walgreens to Harness Power of Sun

Walgreen Co. (NYSE, Nasdaq: WAG) and ImaginIt Inc., a Denver-based clean energy solutions company, have agreed to install solar electric systems in 96 stores and two distribution centers in California and 16 stores in New Jersey. The new systems will generate more than 13.8 million kilowatt-hours per year, making this the largest solar project ever completed in the United States. The first systems are expected to be operational in early 2006. “Climate change, air pollution and depletion of natural resources are some of the most significant environmental problems facing the world today,” said Tom Bergseth, divisional vice president of facilities, planning and design for Walgreens. “We’re excited about implementing this progressive approach toward using clean, renewable energy to benefit the communities we serve.” Solar roof tiles will enable each facility to generate between 20 and 50 percent of its own electricity on site. The stores will host solar electric systems that will replace energy equivalent to more than 22 million gallons of gas and avoid hundreds of tons of carbon dioxide emissions comparable to growing more than 5 million tree seedlings. “This is an unprecedented environmental initiative,” said ImaginIt president Patrina Eiffert. “Walgreens is demonstrating a level of social responsibility […]

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