presentation - Ag Innovation Showcase

Enhancing Products…Naturally
Brock Lundberg, PhD
Ag Innovation Showcase
Sept. 9, 2014
What We Do
• Add value to fibrous waste materials
•
•
•
•
For making more nutritious and lower cost foods
Increase surface area of plant fibers
All-natural
High water holding capacity (up to 21 X its weight)
Fibrous Waste Stream Material
• Agricultural roots
• Commercialized first fiber product in 2004
• Core team still intact
• Studied fibers for M.S. and Ph.D. projects in addition to
industry experience
Citri-Fi Fiber
• Natural fiber products
• For food, beverage, and personal care products
• Require no change in customers’ manufacturing
processes
• Customer base:
• Food manufacturers focused on improving nutrition and
lowering costs
Re-Hydrated Citrus Fiber
Technology…Commercialized
Citrus Pulp, a By-Product
of Orange Juice
Manufacturing
10 Patents
9 Patents Pending
Citri-Fi is Sold in 65
Countries Throughout
the World
Products Made with
Citri-Fi
The Evolution of
Fiberstar and ‘Bio’
SBIR Phase I
project
Citri-Fi Production
Plant Completed –
Clewiston, FL
Utilizing Pulp Waste
Stream
‘Bio.’
Spin-off of IP
2011 2012
Technology
Developed
at the U of M
2002
2007
1998
2004
SBIR Phase II
project
Citri-Fi wins
Food Ingredient
Europe’s Silver
Award for most
Innovative Food
Ingredient
2014
Joint Development New product
Dale Lindquist,
Agreement in
enabling year
Director of
place
round
Sustainable Business
processing
Development
Fiberstar Inc.
2010
Process
Finalized and
Patents Filed
2013
‘Bio’ has 10
issued patents
and extensive
worldwide
trademarks
2011
Named to
the Top 5000
Fastest
Growing
Private Co.
List by Inc.
Magazine
2013
2012
2014
John Haen
Appointed
Pres/CEO
Fiberstar Triples Plant
expansion, Expansion –
Clewiston, FL
Fiberstar is now
selling its products
in more than 60
countries globally.
Fiberstar Bio
As a Stand Alone Company
• Free to pursue new products
•
Existing revenues, SBIR, and equity investments make this possible
• Focused on licensing our technologies
•
•
Fiberstar Inc. receives a 1st Right of Refusal for 6 months
• Remains important strategic partner
Then free to pursue other commercialization partners
• Who Manages “Bio”
•
Dr. Brock Lundberg, President & CEO
• Proven expert in developing fiber by-products both in graduate
studies as well as professionally since 1998.
• Dale Lindquist, Director of Sustainable Business Development
• Prior President/CEO of Fiberstar, Inc. from 1999 – May 2014
• Alex Jasper, R&D Engineer
• Lead R&D engineer for new products and processes we’re developing.
Global Demand
The Global Issue
The Opportunity
• Deficit of natural
ingredients that can make
good tasting foods and
improve nutrition
• High water holding capacity
fibers
– Obesity
– High caloric density in foods
– Improve taste and texture of
existing health foods
– Good for replacing fat &
lowering caloric density
– Improves sensory & quality by
keeping products moist
– Lowers costs
– All Natural / Clean labeling
Products under development
Fiberstar Bio.
Intellectual
Property
Industrial
applications*
(license to be
determined)
Current Citri-Fi &
Imulsi-Fi
(Fiberstar, Inc.)
-food and
cosmetics
Peel Based
product*
(Fiberstar, Inc.)
-food and
cosmetics
Joint Development
Agreement
product*
(License to be
determined)
*New products under development
Modi-Fi*
(“Bio.” internally
commercializes
or license to be
determined)
Forti-Fi*
(license to be
determined)
Fiberstar Bio.’s
Next Product
• From the 50 Raw Materials screened in SBIR Project
• Narrowed down to sugar beet pulp, potato fiber, citrus peel
• Focused on commercializing one of them at first
• Peel has most immediate term commercialization potential
• Focused on getting this product commercialized
• New products have higher high water holding capacity
•
•
•
•
Hold up to 21 X their weight in water
Excellent for fat replacement
Smooth texture, neutral taste
Lowers ingredient costs
• See a large market size opportunity for these new
products
• Build upon prior success and customer base
Fiberstar Bio’s
12 Month Action Plan
• Focus on New Peel Based Products
• Test & Optimize Applications
• Bakery & Meat
• Further Product Refinement for New Applications
• Co-processing with Other Ingredients
• Expanding Functionality For New Applications
• Pilot Testing, Design and Engineering
• Expand Applications
• Industrial
• Health
Fiberstar Bio’s
Intellectual Property
• Patents
• All based on producing value-added products from
agricultural by-products and/or residues.
• Patents licensed from the University of Minnesota
• 3 patents owned directly
• One more patent recently allowed & will soon issue
• Will bring total to 11 issued patents
• Extensive list of global product and branding
registrations and trademarks
Collaborations
• Application Validation
• UW-Madison
• Compositional Studies
• University of Minnesota
(also hold 7 patents we
exclusively license)
• Nutritional Studies
• USDA-ARS
Moving forward
Our interests
• New customers
• Identify new fields
of use
– industrial applications
• Collaborations
– New ingredients by coprocessing
What we have to offer
• Innovative products
& technology
• R&D support
• Investment
opportunities
Contact Information
For more information, please contact:
Brock Lundberg, President & CEO
Fiberstar Bio-Ingredient Technologies, Inc.
2322 Alpine Road
Eau Claire, WI 54703
Phone: (715) 874-4656
Email: [email protected]