Botaneco Inc and Sharon Personal Care Enter Commercial Relationship

Calgary, Alberta – 15 February 2023 – Botaneco Inc. and Sharon Personal Care, a global supplier of ingredient solutions have entered into an exclusive agreement to add Botaneco’s portfolio of natural, multi-functional oleosome products, Hydresia® and CapSol™ to Sharon Personal Care’s line. This is a strategic addition to Sharon Personal Care’s product portfolio of preservatives, building blocks, functional chemistries and active ingredients, including SharoSun™, an innovative preservative system for sunscreen products and RESCONCEPT™ Sun, sun care smart solutions

“This agreement greatly expands the commercial reach and demand creation activity for Botaneco’s personal care ingredient portfolio. Sharon Personal Care has a proven track record in delivering high-quality solutions for the cosmetics market. This partnership is strategic for us as it provides customers with synergistic offerings with Sharon’s technology in addition to greater global customer support. We are confident that Hydresia and CapSol will thrive under their expertise and will drive further growth”, said James Szarko, President and CEO of Botaneco.

Botaneco will continue to produce Hydresia and CapSol oleosomes in our Calgary facility and support Sharon with technology development.

“This exclusive partnership with Botaneco is an important step in expanding our capabilities with green and sustainable technologies, as well as our presence in the global sun care market,” says Naama Eylon, CEO of Sharon Personal Care. “We are thrilled to bring Botaneco’s innovative natural skin hydration and multi-functional solutions to consumers. At Sharon Personal Care, we understand the importance of providing high-quality sustainable solutions and effective sun protection, and this agreement underscores our commitment to this growing market. We are excited to leverage our expertise and resources to bring these products to the global market 

Hydresia oleosomes are all-natural, micron-sized spheres of emollient plant oils and vitamin E, found in plant seeds, where oleosomes serve as the natural storehouse of oil. They enhance formulations with multifunctional benefits and provide a perfect balance between natural authenticity and real performance. They boast a unique, continuous moisture delivery system that is an all-natural alternative to chemical emulsifiers and irritating ingredients with its microparticles of skin-softening oils and vitamins.

CapSol sunscreen oleosomes make it easy to produce trend-forward creams and lotions. Sourced from safflower seed oleosomes, CapSol is a breakthrough in sun care product formulation technology. It has the unique ability to load sunscreen filters in a way that dramatically reduces UV filter levels required for targeted SPF levels enabling a superior consumer experience and reduced environmental load. 

About Botaneco

Botaneco® Inc. is an innovative ingredients manufacturer located in Calgary, Alberta, Canada. Our novel water-based processing technology uniquely separates intact oleosomes and proteins from oilseeds, creating new solutions for personal care, plant-based foods and high value aquaculture. At Botaneco, our novel processing platform 

enables a whole seed utilization approach that reflects our culture of sustainability and value creation.

For more information, visit the Botaneco website at: www.Botaneco.com.

About Sharon Personal Care

Headquartered in Ashdod, Israel, Sharon Personal Care is a global supplier of innovative ingredient solutions for a broad range of personal care products – with specialized expertise in trending market segments. The company’s product portfolio includes unique preservatives, building blocks, and functional chemistries and active ingredients. Today’s Sharon has a proven track record of innovation combined with the ability to provide comprehensive solutions at light speed. With a solid foundation in environmentally sustainable chemistry, Sharon delivers multifunctional ingredient solutions that help differentiate personal care products in a fast-changing market.

Established in 1977 by Dr. Danny Sommerfeld, the company employs more than 200 people worldwide, with manufacturing and scientific facilities on three continents. Sharon Personal Care is owned primarily by Tene Investment Funds (Tel Aviv), an Israeli private equity growth fund focused on the industrial and technology sectors.

For more information, visit the Sharon Personal Care website at: www.sharonpc.com

Media Contact:

Resource Advantage

Dan Green

dgreen@resourceadvantage.com

Company Contacts:

Sharon Personal Care

Laura Mills, Business Development Manager

laura@sharonpc.com

Botaneco Inc.,

James Szarko, CEO

jszarko@botaneco.com