GLG Life Tech Corporation Completes Construction on New Rebpure(TM) RA97 Refining Facility
15 Dicembre 2009 - 12:30PM
Marketwired
GLG Life Tech Corporation (TSX: GLG)(NASDAQ: GLGL) ("GLG" or the
"Company"), the vertically integrated leader in the agricultural
and industrial development of high quality stevia extracts,
announces it has completed construction of its newest facility
located in the city of Qingdao, China. The facility will add an
additional 1,000 metric tons of Rebpure(TM)(RA97 or rebiana)
refining capacity per annum and enhance GLG's capability to meet
growing market demand for high quality stevia products.
A grand opening celebration will be held on December 18, 2009 at
the facility to celebrate the new plant opening. Trial runs have
begun at the facility and line auditing will commence in the new
year. It is expected that the new facility will come fully online
during the first quarter of 2010 and will triple GLG's current
Rebpure(TM) RA97 processing capabilities.
Dr. Luke Zhang, Chairman and CEO states, "We have diligently
built a world-class stevia supply chain from seed to shelf. This
new Rebpure(TM) RA97 factory coupled with our agricultural advances
position us as a market leader. Stevia continues to gain acceptance
worldwide as a healthy sweetening solution for food and beverage
applications and GLG remains at the forefront of this developing
and growing market."
For attendance inquiries concerning the Grand Opening
Celebration on December 18, 2009 in Qingdao, China, please contact
events@glglifetech.com.
About GLG Life Tech Corporation
GLG Life Tech Corporation is a global leader in the supply of
high purity stevia, an all natural, zero-calorie sweetener used in
food and beverages. The Company's operations cover each step in the
stevia supply chain including non-GMO stevia seed breeding, natural
propagation, stevia leaf growth and harvest, proprietary extraction
and refining, marketing and distribution of finished product.
For further information, please visit www.glglifetech.com.
Forward-looking statements: This press release contains certain
information that may constitute "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian and United States securities laws, including statements
regarding the anticipated use of proceeds. These statements are
based upon assumptions that the proceeds of the Offering can
successfully be used as described above and there can be no
assurance that this will be the case. All statements relating to
plans, strategies, projections of results of specific activities or
investments, and other statements that are not descriptions of
historical facts may be forward-looking statements. Forward-looking
statements and information are inherently subject to risks and
uncertainties, and actual results could differ materially from
those currently anticipated due to a number of factors, which
include, but are not limited to, operational risks, the effects of
general economic conditions, changing foreign exchange rates and
actions by government authorities, uncertainties associated with
legal proceedings and negotiations, industry supply levels,
competitive pricing pressures and other risks and uncertainties
disclosed under the heading "Risk Factors" in the short form
prospectus and the registration statement on Form F-10, the
Company's Annual Information Form in respect of the year ended
December 31, 2008 and the risk factors in the Management's
Discussion and Analysis for the year ended December 31, 2008.
Forward-looking statements and information may be identified by
terms such as "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project",
or similar terms or the negatives of these terms. Although we
believe that the expectations reflected in the forward-looking
statements and information are reasonable, we cannot guarantee
future results, levels of activity, performance, or achievements.
The Company's forward-looking statements and information reflect
the beliefs, opinions and projections on the date the statements
are made. The Company assumes no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change, except as required by law.
Contacts: GLG Life Tech Corporation Brian Meadows Chief
Financial Officer +1 (604) 641-1368 +1 (604) 844-2830 (FAX)
ir@glglifetech.com www.glglifetech.com
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