aXichem receives orders for aXivite from BART in Poland, for continued manufacturing of weight control product
aXichem AB (publ), a developer of innovative natural analogue ingredients for the dietary supplement market, announces that the company has received new orders for its phenylcapsaicin product aXivite® from the Polish distributor BART. The ordered volume will be used in continued production of the product for weight control that was launched last year. The total order value amounts to approximately SEK 400,000.
”BART is one of our most active distributors in Europe and with only a few weeks apart, two new orders have come in for aXivite for continued production of a valued consumer product for weight control. BART recently represented aXichem at Vitafoods Europe in Switzerland and presented aXivite there in the very best way. It is very inspiring to see the increased interest in phenylcapsaicin and how well the extraordinary data published in Journal of the International Society of Sports Nutrition (JISSN) and Frontiers of Physiologyhave been well received by the market”, says Torsten Helsing, CEO of aXichem.
About BART
BART is a Polish producer of natural colors, flavors, emulsions, and liposomal vitamins (liposomal encapsulation technology of microscopic, healthy fat particles, consisting of phospholipids, together with water-soluble vitamins and minerals). BART also offers coloring foodstuffs, coloring blends and a wide range of ingredients, including botanical extracts, for different food sectors. aXichem has a collaboration regarding the distribution and sale of aXivite® with BART since 2020.
About phenylcapsaicin and aXivite®
aXichem's proprietary molecule, phenylcapsaicin, combines the naturally occurring phenyl group with capsaicin, connected by a triple bond. The result is an innovative natural analog capsaicin with high purity, which in several studies has been shown to have the same health-promoting properties, as well as some unique benefits, as natural capsaicin. Phenylcapsaicin is approved under Novel Food in the EU and GRAS Food in the USA and is marketed for dietary supplements and functional foods under the brand name aXivite.
The information was submitted, through the care of the contact person below, for publication on 29 May 2023, at 08:45 AM CET.
Torsten Helsing, CEO, aXichem, Ph+46 70 686 33 55. Email: torsten.helsing@axichem.se
About aXichem
aXichem develops, patents and markets natural analogue industrial chemicals, i.e., synthetically produced substances that have similar and comparable properties to natural substances. The company's first product is phenylcapsaicin, which the company commercializes under two brands, aXiphen® and aXivite®, as an ingredient in animal feed and dietary supplements, respectively. The business is divided into three market areas with different applications for phenylcapsaicin: as an ingredient in feed for poultry, such as chicken and turkey; as an ingredient in food supplements for gut health, weight control and sports and exercise; and as an ingredient in food supplements for the bio-enhancement of curcumin and melatonin. aXichem is listed on the Nasdaq First North Growth Market. Västra Hamnen Corporate Finance AB is Certified Adviser. More information is available at www.axichem.com.