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Dyadic International Reports 2010 Third Quarter Financial Results
Date:11/15/2010

OFT BioACE 5X, a new acid cellulase product for the Asian textile market

Biofuels

  • Developed an improved seventh generation of a C1 biofuels strain which produces a mix of enzymes that is more efficient in releasing sugars from waste streams containing ligno-cellulosic materials than previous C1 biofuels strains
  • Initiated discussions with new potential partners and continued ongoing dialogue with companies for the potential license of Dyadic's C1 technology for the development and commercialization of biofuels and biochemicals

  • Biopharmaceuticals

  • Continued discussions with several companies and investors regarding the potential funding of EnGen Bio, Inc., Dyadic's prospective exclusive licensee of its C1 platform technology for biopharmaceutical applications, which was recently awarded a cash grant of approximately $250,000 under the U.S. Government's Qualifying Therapeutic Discovery Project program

  • Research & Development

  • Demonstrated the capability of Dyadic's C1 platform technology in third party-funded research and development projects to over-express heterologous genes for the production of certain proteins and enzymes at substantially higher levels than the original producing organism and are leveraging these results through further collaborations to improve the cost structure of new and existing products in a variety of industries
  • Continued to improve the efficiency and performance of Dyadic's enzymes for use in creating new industrial enzyme products and enhancing Dyadic's current product offerings in the areas of animal feed, pulp and paper, starch and alcohol, food and brewing, textiles and alternative fuels
  • Continued to enhance our C1 technology and mine for novel genes through the annotation project that was conducted in collaboration with Scripps Florida, a division of the Scripps Research Institute, and Dyadic Netherlands, for greater applicability in producing higher
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  • SOURCE Dyadic International, Inc.
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