Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GLG Life Tech Corp. (GLGL) Announces Agreement with International Flavors & Fragrances

|Includes: GLG Life Tech Corp. (GLGLF)

GLG Life Tech Corp. is a global leader in the supply of high-purity stevia extracts. Stevia is an all-natural, zero calorie sweetener used in food and beverages. The company is involved in all aspects of stevia development, from stevia seeds and plants to distribution of the finished product.

The company announced today the signing of a renewable, five-year product supply agreement with International Flavors & Fragrances for high-purity Rebaudioside C (Reb C) extracts. International Flavors & Fragrances is a global leader in the creation of flavors and fragrances used in a wide variety of consumer products and packaged goods.

The signing of the exclusive agreement by the two companies leverages each company’s strengths to pursue commercialization of Reb C, one of the eleven primary glycosides in the stevia leaf. Reb C has demonstrated its proficiency as a flavor modulator in food and beverage formulations and is expected to provide an exciting market opportunity for both firms.

The chairman and CEO of GLG Life Tech, Dr. Luke Zhang, said, “We are pleased to be working with International Flavors & Fragrances to help develop the market for high purity Reb C.” For further information about GLG Life Tech, please visit the company’s website at glglifetech.com

Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net