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Martek Announces Fourth Quarter and FY 2008 Financial Results
Date:12/11/2008

ada) -- Nutritional Supplement Products -- 21st Century Healthcare 200mg and 300mg capsules with life'sDHA(TM) and Walgreen's Finest Natural(TM) 300mg Triple Strength with life'sDHA(TM) (All in U.S.) -- Sole-Source Infant Formula Supply Agreements -- Martek's continues to enter into sole-source supply agreements with its infant formula customers. As of October 31, 2008, the Company has secured multi-year, sole-source agreements (in most cases through 2011) with customers comprising nearly 80% of its current infant formula revenue. During the fourth quarter, Martek entered into multi-year sole-source supply agreements with several infant formula companies, including the following: -- Hero -- Martek entered into a multi-year sole-source DHA and ARA license and supply agreement with Hero, an international consumer foods company. Under the terms of the agreement, Martek will serve as Hero's exclusive supplier for all of its ARA and DHA needs for infant formula products, growing-up milks and certain special medical purpose and weaning foods. -- Hochdorf Nutricare -- Martek entered into a multi-year sole-source supply agreement with Hochdorf Nutricare AG for the use of ARA in China and certain parts of Europe. Under the terms of the agreement, Martek will be the exclusive supplier of ARA for all infant formula products manufactured by Hochdorf Nutricare. -- Grupo Ricap -- Martek entered into a multi-year sole source supply agreement with Grupo Ricap. Under the terms of the agreement, Martek will supply DHA and ARA for all infant formulas produced by Grupo Ricap in Mexico.

Financial Guidance

Martek expects total revenues for the first quarter of fiscal 2009 to be between $86 milli
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SOURCE Martek Biosciences Corporation
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