{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgL7Y5tELDA","lastupdate":"2023-04-09T00:00:00.000Z","update_date":"2023-04-09T00:00:00.000Z","lastModified":"Dec 8, 2024","active":1,"confidence_score":91,"confidence_score_reason":"funding rounds, markets, not claimed","urlname":"algatechnologies","minimal_profile":null,"status":"Acquired","fullstatus":"Acquired by Grovepoint Capital on Feb, 2013","acquired":1,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$lzk7skdKApWUTJnASaWDVzyucO4aRILPScuLeOsqSCRVjxm3VDRmh8","name":"Algatechnologies","oneliner":"Commercial Cultivation of Micro-algae","registrar":"512700147","website":"https://www.algatech.com","careerspage":"","founded_month":11,"founded_year":1998,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/Algatech98","youtube":"https://www.youtube.com/channel/UCtZcXThsS2BbJewUP8-0bbA","facebook":"https://www.facebook.com/Algatech-1396097397309941","linkedin":"https://www.linkedin.com/company/2447089","instagram":""},"social":["https://www.youtube.com/channel/UCtZcXThsS2BbJewUP8-0bbA","https://twitter.com/Algatech98","https://www.linkedin.com/company/2447089","https://www.facebook.com/Algatech-1396097397309941"],"flattenedsociallinks":"https://www.youtube.com/channel/UCtZcXThsS2BbJewUP8-0bbA|https://twitter.com/Algatech98|https://www.linkedin.com/company/2447089|https://www.facebook.com/Algatech-1396097397309941","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"11-50","employees_exact":30,"patent":0,"raised":0,"stage":"Acquired","public_stage":"Acquired","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Jvz2KAJDA","primary_sector":"Agriculture & Food Technologies","alternativenames":["Alga technologies","algatech","Alga tech"],"about":"Algatechnologies combines marine biology, commercial production technologies, and international marketing to deliver micro-algae-based products backed by scientific, regulatory, and IP support.\r\n\r\nAlgatechnologies is producing AstaPure, a natural astaxanthin, which is one of the world's most powerful antioxidants sourced from the micro-algae Haematococcus pluvialis. AstaPure is marketed in more than 35 countries to the nutrition, food and beverage, and cosmetics industries.\r\n\r\nAnother product by Algatechnologies is FucoVital, which is a proprietary composition for liver health derived from the Phaeodactylum tricornutum micro-algae. This type of micro-algae is a naturally rich source of fucoxanthin, a carotenoid which plays a part in photosynthesis and helps protect the micro-algae from oxidative stress.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97286356425","country":null,"address":{"israeli":[{"id":"21aa53e7-e611-48e0-a728-2e47a0869775","city":"Ketura","type":null,"address":"Ketura, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":[{"id":"7a7cfc92-3dde-4725-a9ac-d344cd938856","city":"Harrison","address":"500 Mamaroneck Avenue, Harrison, NY, USA","country":"United States","placeid":null}]},"headquarter_address":null,"district":"South District","news":[{"id":"3aptunpU6mIwDk3Yln0G1MJZoHWjjyKkrsILhzp1Bh9LQTXunxftSL","date":"Sep 14, 2022","link":"https://www.prnewswire.com/il/news-releases/astapure-arava-microalgae-astaxanthin-shows-beneficial-mind-body-effects-301624135.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":["mind-body wellness"],"company":"Solabia-Algatech Nutrition","layoffs":null,"summary":"A recently published clinical study demonstrated that AstaPure Arava by Solabia-Algatech Nutrition can have a beneficial effect on the immune system and global well-being. The study showed a significant reduction in the stress hormone cortisol and positive changes in the gut microbiome. AstaPure Arava is a whole-algae ingredient that contains astaxanthin and other vital nutrients naturally found in microalgae. The study involved fit adult male and female recreational runners who took either AstaPure Arava or a placebo for three weeks before and one week following a competitive marathon or half-marathon. The supplement group reported significantly fewer upper-respiratory tract complaints and better overall well-being. The study suggests that AstaPure Arava could help improve the immune systems acuity and overall sense of well-being following stress conditions.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["astaxanthin","microalgae","immune system","stress hormone","gut microbiome"],"date_of_event":"August 24, 2022","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"7teSMkCvqJKHksRNUHfaRTtY0DpvmA2IurfhiDtM2zBRsQkyuzQMBi","news_summary":"AstaPure Arava® microalgae astaxanthin shows beneficial mind-body effects","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3d919412-47fe-4568-8dda-5fbff428d506","date":"May 22, 2019","link":"https://en.globes.co.il/en/article-solabia-buys-israeli-microalgae-co-algatechnologies-for-100m-1001286782","source":"en.globes.co.il","visible":1,"analysis":{"tags":"acquisition","company":"Solabia","layoffs":null,"summary":"French biotech group Solabia has acquired an 80% stake in Israeli microalgae company Algatechnologies. The deal was agreed at a company valuation of $80-100 million. Solabia Group, which produces natural ingredients for cosmetics and skincare, bought the stake from Grovepoint and the JCA Charitable Foundation. Algatechnologies will become a focus of activities in ingredients for Solabias food and food additives sector. The acquisition will provide access to R&D capabilities, new marketing channels, and a broad customer base. Algatechnologies is a leading manufacturer of microalgae-based ingredients and products, selling to over 30 countries. The company plans to invest over $20 million in expanding production capabilities and developing new products.","partners":null,"customers":null,"investors":"Grovepoint, JCA Charitable Foundation","confidence":8,"key_topics":["biotech","microalgae","ingredients","acquisition","partnership"],"date_of_event":"May 22, 2019","valuation_amount":"$80-100 million","impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":null,"structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"XZp923xPa7SbTwx5SCouNoZVtnmLa6MWzlWCDxufJBDTxZrun6AXe3","news_summary":"Solabia buys Israeli microalgae co Algatechnologies","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"a70efaa2-a853-4f03-9a77-d289c4609da6","date":"Feb 11, 2019","link":"https://www.prnewswire.com/news-releases/algatech-delivers-potent-astaxanthin-in-whole-food-format-300792998.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"whole-algae complex","company":"Algatechnologies Ltd.","layoffs":null,"summary":"Algatechnologies Ltd. presents AstaPure Arava, a clean-label, all-natural whole-algae complex. The companys proprietary technology allows the microalgae to produce high levels of active compounds. The whole-algae powder, containing natural astaxanthin and a newly discovered natural complex, has been found to have potent and synergistic effects. Algatechnologies plans to introduce new innovative products and delivery forms based on the AstaPure Arava powder. The company aims to provide consumers with a concentrated, potent, and naturally balanced complex that is delivered with minimal processing and minimal footprint. Algatechnologies and NIS Labs will continue to explore the potential health benefits of the Arava whole algae powder.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["AstaPure Arava","whole-algae powder","natural astaxanthin","microalgae","health benefits"],"date_of_event":"February 11, 2019","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"E1hNEy6Fk2psBYFGRvBAZs8WO4kgYrWc73pa2vUmICYswmvLhxT84r","news_summary":"Algatech Delivers Potent Astaxanthin in Whole-food Format","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"885f417a-9141-48fb-8132-2e28e9a72c43","date":"May 10, 2018","link":"https://www.prnewswire.com/news-releases/algatech-partners-with-sphera-on-microalgae-682262301.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"partnership","company":"Algatechnologies, Ltd.","layoffs":null,"summary":"Algatechnologies, Ltd. is partnering with Sphera Encapsulation S.r.l to develop innovative functional ingredient formats using Spheras encapsulation technology. The partnership will focus on the development of new delivery forms of ingredients derived from microalgae. The first product, a water-soluble powder of AstaPure®, is expected to launch soon. The powder is formulated with natural ingredients and has improved bioavailability. Algatech and Sphera will introduce the new powder at Vitafoods. The collaboration aims to meet the growing demand for new delivery forms and higher value in the nutraceutical market.","partners":["Sphera Encapsulation S.r.l"],"customers":null,"investors":null,"confidence":8,"key_topics":["collaboration","functional ingredient formats","microalgae","encapsulation technology","nutraceutical market"],"date_of_event":"May 10, 2018","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"o5HR897oDUlGf4ktaG6hhjqY3QbK3An2AwrdppiltuvS5ebpZqD18W","news_summary":"Algatech Partners With Sphera on Microalgae","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4efab726-1f97-413e-bdfc-bac02d5e57bd","date":"Apr 3, 2018","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3735465,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"investment","company":"Algatech","layoffs":null,"summary":"Israeli biotech company Algatech has acquired a controlling stake in New Zealand-based microalgae cultivation company Supreme Health. The financial terms of the deal were not disclosed. Algatech plans to use Supreme Healths existing marketing channels to launch its activity in Asia, particularly in China where there is growing demand for algae-based products. Algatech cultivates microalgae and produces natural astaxanthin, selling its products in over 35 countries. Supreme Health also cultivates microalgae for the production of natural astaxanthin. The acquisition is expected to drive growth for Algatech in the Asian market.","partners":["Supreme Health"],"customers":null,"investors":null,"confidence":9,"key_topics":["Algatech","Supreme Health","microalgae cultivation","Asia","investment"],"date_of_event":"2018-04-03","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"QgWvIX2tqo7SWQQJJu27zUR2rhitNSST2JPFPMTuA960GCnjXDprFb","news_summary":"Israeli Biotech Company Algatech Expands Into Asia","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"97a70258-00b8-40ba-870d-17c67296d95a","date":"Sep 19, 2017","link":"https://www.prnewswire.com/news-releases/algatech-offers-organic-non-gmo-natural-astaxanthin-645656773.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"organic, non-GMO, astaxanthin","company":"Algatech","layoffs":null,"summary":"Algatech has announced that its organic Haematococcus pluvialis microalgae powder and astaxanthin oleoresin have been granted non-GMO verification by the Non-GMO Project Inc. This makes Algatech the first and only astaxanthin manufacturer to achieve this verification. The verification provides added value to Algatechs partners, in addition to existing certifications such as USDA organic, GMP, kosher, and halal. Algatechs astaxanthin is sourced from microalgae cultivated in the Arava desert, using eco-friendly, GMP-certified closed-system technology. The company emphasizes the importance of clean and pure algae biomass for producing high-quality products. Algatech is committed to providing the finest microalgae solutions on the market.","partners":"Non-GMO Project Inc.","customers":null,"investors":null,"confidence":8,"key_topics":["organic","non-GMO","astaxanthin","verification","microalgae"],"date_of_event":"September 19, 2017","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"c05Ucn7EoRvE0tbYj0zzNxDlCMazAdqWS8Ak6K2CCP4WBWFhfgK5jY","news_summary":"Algatech Offers Organic, Non-GMO Natural Astaxanthin","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b9620786-60c6-4ffc-8384-f07e4ca0268b","date":"Jun 15, 2017","link":"https://www.prnewswire.com/news-releases/algatech-opens-new-us-subsidiary-628603633.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"expansion","company":"Algatech","layoffs":null,"summary":"Algatech is opening a subsidiary in New York City called Algatech Inc. to serve its customers in the North American market. Ken Seguine has been appointed as the head of the new operation. This expansion into the U.S. will accelerate the development of the growing market in North America for Algatechs microalgae ingredient brand, AstaPure®, as well as new microalgae sources. Algatech Inc. will be responsible for the US, Canada, and Mexico. The company plans to recruit highly qualified personnel, develop new products, and expand its operation facilities in Israel. Algatech specializes in the development and production of ingredients derived from algae.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Algatech","expansion","microalgae","North America","Ken Seguine"],"date_of_event":"June 15, 2017","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Cbn7HVUjddVY5Pfi01OMk7CTVNvsTiPtbot9xP2qELflbFbJqVnkb0","news_summary":"Algatech Opens New US Subsidiary","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"d4c11d39-b9a1-43af-a64e-32c37af2509f","date":"May 25, 2017","link":"https://www.naturalproductsinsider.com/news/2017/05/lycored-announces-joint-venture-with-algatech.aspx","source":"www.naturalproductsinsider.com","visible":1,"analysis":{"tags":"joint venture","company":"Lycored","layoffs":null,"summary":"Lycored announced a joint venture with Algatech, a biotechnology company and global leader in cultivating microalgae and production of natural astaxanthin. Lycored will distribute Algatechs AstaPure natural astaxanthin carotenoid in the North American market. The partnership allows Lycored to evolve its astaxanthin offerings while maintaining commitment to distributing premium quality ingredients. Astaxanthin has antioxidative and anti-inflammatory properties and potential effects on the aging process. Lycoreds North American commercialization team will market and distribute the astaxanthin beadlets for dietary supplements and use in food and beverages. The partnership comes after Lycoreds newest patent for Astaxanthin Anti-Inflammatory Synergistic Combinations.","partners":"Algatech","customers":null,"investors":null,"confidence":8,"key_topics":["Lycored","Algatech","joint venture","astaxanthin","commercialization"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6xNAlW4Ar5H08gRAUXxcvluiE4a8RAp3UuRlD1a4OLygNJP6P27lxX","news_summary":"Lycored Announces Joint Venture With Algatech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ead555a4-824e-44e6-8e15-54032983e76a","date":"May 15, 2017","link":"https://www.nutraingredients-usa.com/Article/2017/05/16/Algatech-aiming-for-multiple-new-algae-derived-ingredient-launches-over-next-few-years","source":"www.nutraingredients-usa.com","visible":1,"analysis":{"tags":"microalgae, ingredients, nutraceuticals, pharmaceuticals, feed, food and beverage, cosmetics","company":"Algatech","layoffs":null,"summary":"Algatech, a company specializing in microalgae, is working on the development of five different microalgae species for commercial use. The company plans to launch these products later this year and in the following years. Algatech believes it is the expert in microalgae production and aims to develop a wide range of microalgae products. The company is participating in a pan-EU sustainable food project with 50 partners, including Puratos, Roquette, DSM, PepsiCo, and Nestec. The project aims to invest close to €1.2bn over seven years and develop new food sources from microalgae. Algatech is known for its high-quality astaxanthin derived from Haematococcus pluvialis microalgae. The company recently obtained organic certification for its microalgae powder and astaxanthin oleoresin.","partners":["Puratos","Roquette","DSM","PepsiCo","Nestec"],"customers":null,"investors":null,"confidence":8,"key_topics":["microalgae","ingredients","nutraceuticals","protein deficiency","astaxanthin"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GwWpJE6CNMRAVg6jC14LZEvPAWNqU7A3tc62B0L6fsq4Z1YamlowiW","news_summary":"Algatech aiming for multiple new algae-derived ingredient launches over next few years","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f8815aa6-b906-49ad-a4a9-b1eccce7d8bc","date":"Mar 2, 2017","link":"https://www.naturalproductsinsider.com/news/2017/03/algatechnologies-introduces-wholealgae-astapure-natural-astaxanthin.aspx","source":"www.naturalproductsinsider.com","visible":1,"analysis":{"tags":"natural ingredients","company":"Algatechnologies","layoffs":null,"summary":"Algatechnologies will highlight its AstaPure 3 percent astaxanthin powder at Vitafoods 2017. The company offers a unique, whole-algae form of astaxanthin that is produced using a sustainable and patented closed-cultivation system. The manufacturing processes ensure compliance with global quality and safety standards. Algatechnologies is a manufacturer and supplier of innovative algae-based products.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["AstaPure","astaxanthin","natural ingredients","sustainable","supplements"],"date_of_event":"2017-05-09","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yzSBahnNahaUgzNW3uhXQvVDpDXgw4uBWBpKg3NJQ8xKpfrNkZVRWZ","news_summary":"Algatechnologies Introduces Whole-Algae AstaPure® Natural Astaxanthin","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"228bd3b7-bb40-4ca6-8f7d-17c37bfee5c3","date":"Nov 28, 2016","link":"http://www.foodingredientsfirst.com/news/Algatechnologies-Partners-in-EIT-Food-Winner-of-Pan-European-Call?type=article","source":"www.foodingredientsfirst.com","visible":1,"analysis":{"tags":"partnership","company":"Algatechnologies Ltd","layoffs":null,"summary":"Algatechnologies Ltd has been chosen as the sole algae player to participate in the FoodConnects consortium, a pan-European competition on the Food4Future call. The consortium, consisting of 50 leading companies, universities, and scientific partners, aims to transform the way food is produced, distributed, and consumed. Algatechnologies will work within EIT Food to develop new food sources from microalgae. The partners will invest close to 1200 million euros over the next seven years, with additional financing from the EIT. Algatechnologies is in discussions with other consortium partners to select innovative algae sources with nutritional properties. The CEO of Algatechnologies, Hagai Stadler, believes that microalgae will become an increasingly important element of the future diet.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["FoodConnects consortium","EIT Food program","microalgae ingredients","European food system","astaxanthin"],"date_of_event":"28 Nov 2016","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"8C9U01VQpCB6i01opgoGlq4GcaF8vzTGiXukK5BYNoL9oNclVIXcxY","news_summary":"Algatechnologies Partners in EIT Food - Winner of Pan-European Call","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8826c97f-dc4d-495d-8db7-517dd4246764","date":"Feb 3, 2016","link":"http://www.israel21c.org/is-2016-the-year-of-the-algae/","source":"www.israel21c.org","visible":1,"analysis":{"tags":"algae, microalgae technologies","company":"Various Israeli companies","layoffs":null,"summary":"The article discusses the potential of algae and microalgae technologies in addressing various global challenges. It highlights the leading role of Israeli companies in this field and their focus on utilizing algae for renewable fuel, animal feed, cosmetics, drug delivery, and more. The article mentions eight Israeli companies that are betting on algae for future growth. These companies include TransAlgae, Algatechnologies, Qualitas Health, Aquanos, UniVerve, Frutarom Industries, Algalo Industries, and Nature Beta Technologies. The impact of the article on these companies is growth-positive. The key theme of the article is the potential of algae and microalgae technologies. The key issues discussed in the article are investment and expansion. The article does not mention any specific investors, customers, acquisition or investment amounts, layoffs, or partners. The date of the event described in the article is not provided. Confidence level: 8/10.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Algae","Microalgae technologies","Israeli companies","Renewable fuel","Nutraceuticals"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"TzLC6PDpjQnD67ZkHqEynoKU0eFN64j9L22se46aeRBoGm2AgDtlRs","news_summary":"Is 2016 the year of algae?","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"1727c4f2-495d-4051-a397-0455b6e475a8","date":"Feb 1, 2016","link":"http://www.nutritioninsight.com/news/Algatechnologies-Announces-Verification-by-the-Non-GMO-Project.html","source":"www.nutritioninsight.com","visible":1,"analysis":{"tags":"certification","company":"Algatech","layoffs":null,"summary":"Algatech, a company that produces natural astaxanthin products, has received certification from the Non-GMO Project (NGP). This certification ensures that their products are produced in compliance with the Non-GMO Project Standard. Algatechs AstaPure brand of astaxanthin is among the first to be verified by the NGP. The company plans to make further investments in new product development and market launches in 2016. 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