Naturalendo Tech has been selected to participate in anational marine fisheries biotechnology development project, which is supportedand managed by the Ministry of Oceans and Fisheries and Korea Maritime Scienceand Technology Promotion Agency (KIMST).

This project aims to foster the marine biotechnologyindustry as a future-oriented, high value added convergence industry for the21st century.

Naturalendo Tech plans to carry out the scientificevaluation, licensing and commercialization of the raw material as a part ofthe project to develop anti-aging functional food ingredients derived frommarine resources with 8 leading universities including Duksung Women`sUniversity, Seoul National University and Kyunghee University, and thegovernment-funded KIMST.

This is a large-scale project on which total KRW 10.7billion will be invested for the next 5 years starting from April 1st, 2017.

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