29 Jan 2013 11:33

Tate & Lyle launches dedicated Open Innovation portal


Tate & Lyle PLC, a global provider of ingredients and solutions to the food and beverage industries, announces the launch of a new, dedicated Open Innovation web portal.

The new portal, which can be found at www.tateandlyle.openinnovation.com,is designed to encourage universities, start-ups and companies specialising in food science to submit proposals which are aligned with Tate & Lyle's innovation priorities of sweeteners, texturants and health and wellness.

Tate & Lyle's Open Innovation team, which forms part of the Innovation and Commercial Development group, leverages its global network to develop partnerships with entities specialising in food science with the aim of successfully and rapidly commercialising new speciality food ingredient products and technologies. A number of deals have already been announced since the Open Innovation team was formed in 2010 and some strong partnerships developed.

John Stewart, Open Innovation Manager at Tate & Lyle said: "We value our partnerships enormously but also understand that approaching large corporations with a new innovation can be daunting. This is why Tate & Lyle has a small, dedicated team to help with the process. Our new website enables potential partners to submit ideas quickly and easily and for innovators to work with us to create long-term 'win-win' relationships."

Karl Kramer, President of Innovation and Commercial Development at Tate & Lyle said: "With our Open Innovation team we can put all the expertise and commercial resources of Tate & Lyle behind the brilliant ideas of academics, inventors or business partners. With this new web portal we are making it even easier for potential partners to connect with our Open Innovation team, and we encourage them to approach us with their ideas."

ENDS


With BioVittoria Ltd for PUREFRUIT™ monk fruit extract; Eminate Ltd for SODA-LO™ salt reduction technology; Verenium Corporation for a proprietary enzyme product; and most recently with Nandi Protein Ltd for an early-stage texturant technology.


Notes to Editors:

If you are a university, start-up business or a similar organization, and want to learn more about Open Innovation at Tate & Lyle, please contact:

John Stewart, Open Innovation Manager, Innovation & Commercial Development

Tel: +44 (0) 20 7257 2277

Email: john.stewart@tateandlyle.com




For more information contact:

Mathew Wootton
Group VP, Investor Relations
t:+44 (0)20 7257 2110
m:+44 (0)7500 100 320
e: InvestorRelations@tateandlyle.com

About Tate & Lyle:

Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, operating from over 30 production facilities around the world.

Tate & Lyle operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by Innovation and Commercial Development. The Group's strategy is to become the leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving the Bulk Ingredients business for sustained cash generation to fuel this growth.

Speciality Food Ingredients include starch-based speciality ingredients (corn-based speciality starches, sweeteners and fibres), no calorie sweeteners (including SPLENDA® Sucralose) and Food Systems which provides blended ingredient solutions. Bulk Ingredients include corn-based bulk sweeteners, industrial starches and fermentation products (primarily acidulants). The co-products from both divisions are primarily sold as animal feed.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2012, Tate & Lyle sales totalled £3.1 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC



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