Primex Earns Innovation Award

NORÐURGATA, Siglufjörður, IcelandPrimex ehf announced it was awarded The Icelandic Innovation Award for 2012. The award is given by The Icelandic Centre for Research-Rannis, Promote Iceland, Innovation Center Iceland and The New Business Venture Fund. The recipient is typically a company that surpasses similar businesses in the development of a product or service that is based on science and research and has been successful in the marketplace. The focus is on young, innovative companies whose business model is based on creative technique and ideas with great demand on science and knowledge. Companies that receive the award must be viable and the management of innovation is considered exemplary and offers an example for other companies to follow.

Primex is the manufacturer of Chitosan, derived from shrimp shell, which is used for healing wounds, nutritional supplements, agriculture, cosmetics and personal care. The company acquired bulk chitosan operations of Vanson HaloSource Inc. in 2004 as a means of further strengthening its position as international leader in the chitosan market.