Element Nutritional Sciences and Founders of Muscle Milk to Collaborate on New Product Innovations
BURLINGTON, ON, July 19, 2023 /CNW/ - Element Nutritional Sciences Inc. (CSE: ELMT) (OTC: ELNSF) (FRANKFURT: 93X) (the "Company" or "Element"), today announced that it has engaged Flavor Insights as its exclusive research and development partner. The Company and Flavor Insights will be collaborating to develop new flavours of the Rejuvenate™ and Promino™ drink mix, and a Promino™ ready-to-drink beverage.
Flavor Insights was founded by the Picket Family after they successfully sold Muscle Milk to Hormel Foods in 2014 for $450 million. Muscle Milk is the second highest selling ready-to-drink protein beverage in the United States, in the US$5 billion1 and growing market for protein-based beverages.
"Rejuvenate™ and Promino™ have measurable functional benefits that are in high demand by consumers and we are working diligently to perfect the consumer experience through innovative taste. Our previous work with Flavor Insights, Nielsen and TasteMaker have helped develop a delicious ready-to-drink beverage for our Rejuvenate™ Muscle Activator brand that is launching on shelf this fall at major retailers. We plan to further our innovation with the team at Flavor Insights to develop a suite of thirst quenching clinically proven functional beverages that help improve muscle health," said Stuart Lowther, Chief Executive Officer.
For more information on Flavour Insights, visit flavorinsights.com.
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1 Fairfield Market Research, Whey Protein Market Global Industry Analysis (2018 – 2021) - Growth Trends and Market Forecast (2022 - 2030). |
Element is an innovative and research driven Canadian nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically muscle health. Element's lead product, Rejuvenate™, is a patented proprietary formulation that is clinically proven to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Element also offers PROMINO™, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Element was founded in 2015 and is located in Burlington, Ontario.
To learn more about Element, visit elmtinc.com.
More information about Rejuvenate™ can be found www.rejuvenatemuscle.com.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements in this press release include: the ability of the Company to develop and successfully launch new product innovations, and the timing of product launches.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; expectations regarding the size of the United States and Canadian health, nutraceutical and wellness markets and changing consumer habits; the viability of the Company's products; availability of distribution channels for the Company's product offerings; the ability of the Company to successfully achieve its business objectives; plans for expansion; successful development of the Company's proposed products; the presence of laws and regulations that may impose restrictions or recalls on the sale of the Company's products in the United States and Canada; customer and distributor relations; fluctuations in securities markets; and the inability of the Company to obtain adequate insurance to cover risks and hazards. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Element Nutritional Sciences Inc.
Stuart Lowther, Chairman, CEO and President, [email protected], 855-348-1970; Marc Charbin, Investor Relations, [email protected], 416-467-5229
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