First Com­mer­cial Sale of Calyxt High Oleic Soy­bean Oil on the U.S. Market

Calyxt, Inc. (NAS­DAQ: CLXT) a con­sumer-cent­ric, food- and agri­cul­ture-focused Com­pany, announced today the suc­cess­ful com­mer­cial launch of its highly anti­cip­ated Calyno™ High Oleic Soy­bean Oil, which is the Company’s first product to be sold on the U.S. mar­ket. This first com­mer­cial sale of Calyno oil is to the food­ser­vice industry for fry­ing and salad dress­ing, as well as sauce applic­a­tions. Calyno oil con­tains approx­im­ately 80 per­cent oleic acid and up to 20 per­cent less sat­ur­ated fatty acids com­pared to com­mod­ity soy­bean oil as well as zero grams of trans fat per serving. One of the excit­ing poten­tial sus­tain­ab­il­ity bene­fits of Calyno oil is that it has up to three times the fry life and exten­ded shelf life com­pared to com­mod­ity oils, provid­ing a more sus­tain­able product. In line with con­tin­ued sus­tain­ab­il­ity efforts, Calyxt also announces the com­mer­cial­iz­a­tion of its High Oleic Soy­bean Meal as a premi­um non-GMO feed ingredi­ent with added bene­fit for live­stock. ​“Over the past eight years, we’ve remained com­mit­ted to the Amer­ic­an people, evolving the nutri­tion of food and pro­tect­ing the envir­on­ment in order to deliv­er health-con­scious ingredi­ents that tackle food-related health chal­lenges,” said Jim Blome, CEO of Calyxt. ​“With this mile­stone, Calyxt has delivered on its prom­ise and pro­gressed from a research and devel­op­ment plat­form to a full-scale food ingredi­ent com­pany. We’re proud to be lead­ing the way towards the next gen­er­a­tion of health­i­er foods.” Calyno oil is pro­duced in the U.S., thanks to Calyxt’s part­ner­ship with more than 100 farm­ers in the Upper Mid­w­est region grow­ing over 34,000 acres of Calyxt High Oleic Soy­bean. After assess­ment of the soy­bean, the crop received met Calyxt qual­ity require­ments for high oleic and non-GMO. These soy­bean were used to pro­duce premi­um soy­bean oil with zero grams of trans fat per serving and reduced sat­ur­ated fat con­tent. Calyno oil is sim­il­ar to oth­er healthy oils Amer­ic­ans already love, like olive, sun­flower and saf­flower oils, and can eas­ily be incor­por­ated into foods and recipes without affect­ing taste. ​“This his­tor­ic­al com­mer­cial­iz­a­tion of the first-ever gene-edited food product is a test­a­ment that food man­u­fac­tur­ers and con­sumers are not only embra­cing innov­a­tion, but also will­ing to pay a premi­um for products which are health­i­er and trace­able to the source,” said Man­oj Sahoo, Chief Com­mer­cial Officer at Calyxt. ​“Our next focus is scal­ing up the sup­ply chain so that we can meet the grow­ing demand for health­i­er High Oleic Soy­bean Oil not only for small and mid­sized food man­u­fac­tur­ers, but also for glob­al Con­sumer Pack­aged Goods (CPG) brands.” This sale is in align­ment with Calyxt’s high qual­ity stand­ards and applic­able USDA and FDA require­ments. Source: Calyxt, press release, 26 Feb­ru­ary 2019