Media Release – Algae Processer Named Saskatchewan’s Exporter of the Year
SASKATOON, SK – Algarithm Ingredients was awarded the 2022 Export Award by Saskatchewan Trade & Export Partnership (STEP) at their Annual General Meeting held today in Saskatoon.
Algarithm produces ocean-friendly, vegan Omega-3 ingredients derived from micro-algae used in supplements, nutraceuticals, food, beverages and childhood/infant nutrition products. Their products make the consumption of Omega-3s easy, enjoyable and eco-friendly through a patented process, innovative delivery methods and novel applications. In addition to production and sales expertise, Algarithm offers clients service in the areas of custom formulation, marketing, co-manufacturing and private labeling.
Chris Dekker, STEP President & CEO noted that the STEP Export Award is recognition of export excellence by the export industry. “On behalf of Saskatchewan exporters, it is a privilege to showcase international success and innovation,” Dekker said. “Algarithm Ingredients and our three finalists showcase the incredible diversity of provincial exports.”
Also recognized at this event were the three STEP 2022 Export Award finalists:
- Hydraulitechs, Saskatoon
- Skillshark Software Inc., Saskatoon
- Wilger Industries, Saskatoon
Reviewed by a committee of Saskatchewan business leaders, Algarithm Ingredients received top marks for their high level of performance in introducing new products and services into international markets. Algarithm has significantly increased their export sales, maintains a high ratio of export sales to total sales, and has had a positive impact on the provincial economy through job creation.
Sponsored by Export Development Canada (EDC), the Export Award recognizes excellence and performance by STEP members in export markets. As Canada’s export credit agency, EDC helps Canadian companies of all sizes and sectors go, grow, and succeed in international business. EDC offers financing to exporters and their customers, connects Canadian businesses with suppliers and retailers in global markets, and insures investments abroad against political risk.
For information regarding Algarithm Ingredients, please visit www.algarithm.ca. For additional information regarding the 2022 STEP Export Award finalists, their products, services, and capabilities, please visit www.sasktrade.sk.ca.
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For further information, please contact:
Chris Dekker, President & CEO
Tel: 306 787 1550