Natural Alternatives International, Inc. Announces Supply Agreement with Nestle Nutrition
In our specific business of Performance Nutrition, we are focused on helping athletes perform their best through science and in a way that is safe and trusted.
Oct 11 2010 --- Natural Alternatives International, Inc. and Nestle Nutrition announced they have executed a supply agreement under an existing Collaboration and Exclusivity Agreement dealing with nutritional supplements. This Supply Agreement provides exclusive rights to Nestle Nutrition to market a sustained release tablet form of SR CarnoSyn beta-alanine made by NAI, under various existing and pending U.S. and international patents, in the field of sports nutrition.
The PowerBar brand of Nestle Nutrition's Performance Nutrition division has formed a strategic alliance in the production of nutritional supplements in the field of human sports nutrition. Under this strategic alliance, NAI shall have the first right of offer to supply nutritional supplements to Nestle Nutrition in this field.
The exclusivity covers a minimum of two years predicated on threshold purchase requirements, and Nestle Nutrition and NAI have the option of continuing the agreement thereafter.
Mark A. LeDoux, Chairman and Chief Executive Officer of NAI said, "We are delighted that Nestle Nutrition has chosen NAI to help build its brand(s) in the area of human sports nutrition. Clearly, Nestle Nutrition is committed to the science of nutrition and in generating products that deliver results to athletes." Philip Annett, Global Head of the Performance Nutrition division for Nestle Nutrition added, "We are committed to excellence in research and development. In our specific business of Performance Nutrition, we are focused on helping athletes perform their best through science and in a way that is safe and trusted.The addition of NAI to these ongoing efforts and the ability to offer the sustained release form of patented beta-alanine, SR CarnoSyn, to our consumers is very gratifying indeed."
