In Michigan, ZIVO Bioscience, Inc and NutriQuest LLC signed a Letter of Intent to jointly develop and test animal nutrition products derived from the proprietary ZIVO algae strain. Both firms have committed to enter into a definitive agreement that grants NutriQuest a worldwide license to market any developed products under its brand name.
This product initiative helps speed ZIVO’s entry into global markets and enhances the adoption of any new products emanating from the joint effort. NutriQuest has global reach and can provide the credibility and market visibility of a well-established brand name in animal health and nutrition.
A forthcoming announcement and regulatory filing regarding the summary of terms will be made available upon execution of the definitive agreement. ZIVO is ramping up production of algal biomass in preparation for the needs of the joint effort. Product formulation and validation may begin as early as February 2017 in NutriQuest facilities.