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Martek Announces Third Quarter 2007 Financial Results
Date:9/5/2007

ods, beverages and

supplements in China for persons older than twelve months. Since 2001,

Martek's life'sDHA(TM) and life'sARA(TM) have been used in infant

formula throughout China. This initial authorization runs through

August 5, 2009, at which time the Company may seek final authorization

for novel food approval. The Company plans to aggressively pursue

customers in China for the incorporation of our oils in foods,

beverages and nutritional supplements sold there.

-- Amended ARA Supply Agreement - In July 2007, Martek and DSM Food

Specialties B.V. ("DSM") entered into the Second Amendment to the ARA

Alliance, Purchase, and Production Agreement (the "Amendment"). Among

other things, the Amendment finalized ARA pricing to Martek for

calendar year 2007 as well as the parameters and methodologies for the

establishment of ARA pricing for calendar years 2008, 2009 and, if

certain criteria are met, 2010. The Amendment also resolved all

outstanding issues related to periods prior to January 1, 2007 and

established a means by which DSM and Martek will share in the economic

risks associated with exchange rate fluctuations between the U.S.

dollar and the Euro, the currency in which a portion of the ARA

purchase price is denominated.

-- Sale of Fluorescent Detection Products Business - In June 2007, Martek

sold its Fluorescent Detection Products business for $900,000 in cash

and a minority interest warrant position. Martek's senior management

determined that the fluorescent detection business did not fall within

the scope of the Company's current commercial focus. Net proceeds

from the sale approximated the value of assets sold which primarily

included inventory, equipment and certain patents. The buyer, Columbia

Biosciences Corporation
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SOURCE Martek Biosciences Corporation
Copyright©2007 PR Newswire.
All rights reserved

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