PETERBOROUGH – To better reflect the breadth of its products, Noble Tech Inc. has changed its name to Noblegen.
The company’s former divisions, Noble Purification and Noble Biotechnologies, have been unified under the new corporate brand.
Following impressive research discoveries out of Trent University and successfully completing the scale up of their water purification system in the spring of 2016, Lakefield native Adam Noble is now able to focus on diversifying its product offering
“We’re no longer a company that only treats water or makes products from algae,” stated Noble, CEO and founder. “We are a company that is using microorganisms in a new way to produce biomaterials and biochemicals for a wide range of consumer and industry sectors.”
Noblegen’s difference is based on a unique single platform technology which gives the company the ability to more efficiently, economically, and flexibly develop ground-breaking bioproducts derived from microorganisms.
This platform is a breakthrough for the biotechnology industry.
“We are currently developing products for early entry into the food and beverage markets, and eyeing applications for nutritional supplements and cosmetics,” stated Noble. “With our more sustainable, natural and vegetarian protein, dietary fiber and oils, we are addressing some of the world’s largest food supply challenges. Long term, we intend to pursue the development of novel products for applications in animal nutrition, biochemical and biopharmaceutical markets.”
Since the beginning of the year, the company has expanded from six employees to 16.
The company will soon announce the results of a private equity raise of capital to support future expansion. Further details about the raise of capital and the related future plans will be unveiled later this fall.