CARLSBAD, Calif., June 29, 2017 /PRNewswire/ -- Natural Alternatives International, Inc. ("NAI") (NASDAQ:NAII), a leadingformulator, manufacturer and marketer of customized nutritional supplements, announced today that it has extended to 2026 its worldwide license agreement directed to NAI's CarnoSyn® beta-alanine patent and trademark estate with Nutrabolt,
NAI also announced that the U.S. Patent and Trademark Office has allowed a new patent application directed to a broad range of improved methods of beta-alanine intake, targeting such benefits as delaying muscle fatigue, increasing anaerobic capacity, increasing muscle strength and increasing muscle endurance. This new intellectual property significantly lengthened the patent coverage for CarnoSyn® beta-alanine. Nutrabolt, given its market dominance and view of the future of nutrition, was a natural business partner for NAI. After months of substantive discussions regarding NAI's intellectual property and the future vision of nutrition in sports and other fields, the parties agreed to combine their efforts to lead the market in future research, development and sales of products using NAI's patented and trademarked CarnoSyn® beta-alanine.
Mark A. LeDoux, NAI's CEO and Chairman of the Board, said that "NAI is very excited by the execution of this agreement with Nutrabolt extending its worldwide license to our CarnoSyn® patent and trademark rights. The recent addition of NAI's new patent, directed to a broad range of improved methods of beta-alanine intake, is the future of beta-alanine in sports nutrition." LeDoux went on to say that "during our meetings with Nutrabolt executives and its research team, we explored other fields of use for CarnoSyn® that NAI holds patent rights to uses beyond sports nutrition and for which it continues to explore through funded research around the world. The opportunity to work with a market leader like Nutrabolt related to CarnoSyn® was an easy decision for us."
NAI, headquartered in Carlsbad, California, is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers. NAI's comprehensive partnership approach offers a wide range of innovative nutritional products and services to NAI's clients including scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, marketing management and support, packaging and delivery system design, regulatory review and international product registration assistance. For more information about NAI, please see its website at http://www.nai-online.com or http://www.carnosyn.com.
This press release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts and information. These statements represent our intentions, expectations and beliefs concerning future events, including, among other things, our expectations and beliefs with respect to our future financial and operating results, the outcome of pending litigation, the continued validity of our patents, and our ability to successfully develop, license and enforce our intellectual property rights. We wish to caution readers these statements involve risks and uncertainties that could cause actual results and outcomes for future periods to differ materially from any forward-looking statement or views expressed herein. NAI's financial performance and the forward-looking statements contained herein are further qualified by other risks including those set forth from time to time in the documents filed by us with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
CONTACT – Michael Fortin, Chief Financial Officer, Natural Alternatives International, Inc., at 760-736-7700 or [email protected].
Web site: http://www.nai-online.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/natural-alternatives-international-inc-announces-extension-of-carnosyn-beta-alanine-license-agreement-with-nutrabolt-llc-300481647.html
SOURCE Natural Alternatives International, Inc.
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