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Sweegen takes a stand against mislabeling practices in the sweetener industry

11-27-2023 08:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Sweegen

Sweegen emphasizes its patent rights, particularly regarding its Bestevia Reb M for non-alcoholic applications.

Sweegen emphasizes its patent rights, particularly regarding its Bestevia Reb M for non-alcoholic applications.

Foothill Ranch, Calif. (Nov. 27, 2023) - Sweegen, the global leader in wellness ingredient and taste modulation technologies, is addressing the pressing issue of mislabeling within the stevia industry, specifically concerning Reb M stevia sold under false claims intentionally.

Sweegen is the primary producer of the highly sought-after non-GMO Bestevia® Reb M, made with a proprietary clean bioconversion method. Through independent testing, the company has determined that certain third-party Reb M products sold to food and beverage companies under label claims of "Reb-M 95%," "Bioconversion Reb-M 95%," or "Stevia (Organic) Extract Reb-M 95%" are not made through extraction or bioconversion.

These false claims have significant implications for stakeholders, including food and beverage companies, consumers, and the stevia technology community.

Food and beverage companies are confronted with significant challenges arising from mislabeling, particularly the erosion of consumer trust and brand reputation. The authenticity of products is paramount to maintaining consumer confidence and loyalty, and any discrepancy between product labeling and actual content can significantly undermine trust.

For companies that prioritize transparency and integrity, the risk of reputational damage is particularly acute if their products become associated with false claims. This underscores the critical importance of accurate labeling practices in preserving the trustworthiness of brands.

Protecting Consumer Rights through Transparency and Honesty.
Consumers rely on accurate food labeling for making informed choices, especially when it comes to health-related decisions. False claims can lead to misjudgment, and consumers may unknowingly consume products that don't meet their dietary preferences or health needs.

Some consumers may choose products made through specific processes for environmental sustainability or naturalness. False claims undermine consumers' ability to make choices aligned with their values.

Respecting and Protecting Intellectual Property (IP).
Sweegen places a high value on IP and innovation on its high-purity Bestevia Reb M made through bioconversion within the stevia technology community. The company is committed to upholding the integrity of its IP and respecting others' innovations. By and large, Sweegen is dedicated to IP protection, ensuring a fair and competitive landscape and encouraging continued advancements in sweetener technologies.

Reiteration of Reb M Patent for Non-Alcoholic Applications.
Sweegen emphasizes its patent rights, particularly regarding its Bestevia Reb M for non-alcoholic applications. The company upholds its patents and ensures that its non-GMO Bestevia Reb M innovations are appropriately recognized and protected. Sweegen believes in fostering a climate that rewards genuine advancements and respects the IP rights of all industry stakeholders.

Offering Authenticity Testing for Reb M Samples.
To further enhance transparency and provide assurance to the food and beverage industry, Sweegen is extending an offer to test all Reb M samples for authenticity. This initiative aims to assist companies in verifying the integrity of their stevia products and reinforces Sweegen's commitment to maintaining the highest stevia quality standards in the industry.

Mislabeling on purpose threatens market differentiation, and creates confusion invested in cutting-edge technologies. Innovators in the industry risk losing their competitive edge if competitors intentionally make false claims about similar products. Recognizing and rewarding genuine innovations becomes crucial in fostering a marketplace that values and encourages technological advancements. Ensuring accurate labeling practices is not only a matter of compliance but also fundamental to sustaining a fair and competitive market landscape.

Continued Investigation into Adulterated Reb M.
Sweegen is actively investigating reports of adulterated Reb M originating from China and entering the U.S. and EU markets directly or indirectly. The company is committed to thorough research and plans to collaborate with relevant authorities to report findings to U.S. and EU customs. Sweegen is determined to address any issues related to product authenticity and maintain the highest standards in the stevia industry.

In addition to consumer trust, regulatory compliance is a central concern for food and beverage companies. Regulatory bodies establish specific guidelines and standards for labeling food products, especially those incorporating novel ingredients such as stevia produced through various methods. Companies found to violate these regulations may face legal consequences. Adhering to established guidelines is a legal imperative and key to ensuring consumer safety and maintaining the industry's integrity.

It is essential to note that bioconversion stevia holds the advantage of claiming non-GMO verification. Sweegen believes that accurately labeling products as bioconversion stevia aligns with regulatory approval and provides consumers with clear information about this innovative sweetener's unique characteristics and benefits.

False claims undermine the scientific integrity of the industry. Accurate representation of research and development is crucial for advancing knowledge within the community.

Sweegen remains steadfast in its commitment to innovation, transparency, and consumer safety. The company will continue collaborating with industry stakeholders, regulatory bodies, and customs authorities to uphold the highest standards in producing and labeling stevia products.

Sweegen
25892 Towne Centre Drive North
Foothill Ranch, CA 92610
USA

Media Contact: Ana Capretz
Head of PR and Communications
ana.capretz@sweegen.com
https://sweegen.com
+1.949.709.0583

About Sweegen

Sweegen provides sweet-taste solutions for food and beverage manufacturers around the world.

The company aims to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, Sweegen creates delicious zero-sugar products that consumers love. With the best modern sweeteners in its portfolio, such as Bestevia® Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with its deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. Sweegen's actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward-looking statements as predictions of future events. These forward-looking statements include, without limitation, illustrative information regarding Sweegen's bottom-up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data

In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third-party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Further Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen's control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and, therefore, should be carefully considered. Sweegen assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.

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