Oberon FMR Wins Top Prize at BioWest 2008 Venture Showcase C...(-founder Seth Terry "This win is a ...)

Date:12/9/2008

-founder, Seth Terry, "This win is a real source of validation for Oberon in that it was awarded by venture capitalists that have only just learned about our company, not from our Series A investors or those organizations/companies behind earlier grants."

Oberon FMR, Inc. is committed to producing high quality animal feed ingredients that use renewable resources and promote both responsible economic growth and social benefit. The firm concentrates its efforts on manufacturing approaches that take a long-view perspective on sustainability.

Oberon's current focus addresses a major problem faced by the aquaculture industry, namely its reliance on a constrained resource: fish meal protein. Fish meal is produced from wild stocks of school fish generally considered undesirable for human consumption. Over the last decade, the supply of fish meal has remained stable, if not declining in the wake of extraordinary pressures placed upon natural marine fisheries. Nevertheless, demand for fish meal has increased significantly as fish farmers seek to meet a growing human appetite for fish meat, considered by many as the best food source for improving global diets. As a result, opportunity exists for ingredients to serve as replacements for fish meal in fish feed.

In order to pursue this opportunity, Oberon strives to develop, to manufacture, and to commercialize a fish meal replacement suitable for decreasing pressures on global fisheries while enabling increased production of farm-raised fish. Ultimately, the product may be incorporated into feed formulations for other animals as well.

Oberon's process technology has been developed to create the highest quality, sustainable protein feed ingredient available anywhere and can be beneficially adopted by many food and beverage manufacturers. Integration of Oberon's process can provide significant value to a host facility. This value can be represented in classic economic
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