ALACHUA, FL--(Marketwire - 07/13/11) - CTD Holdings, Inc. (OTCQB: CTDH) (OTC.BB:CTDH) announced today that it will celebrate the start of operations at the NanoSonic Products, Inc. manufacturing facility with a ribbon cutting ceremony on Monday, July 25th, 2011.
With the completion of this expansion project, located near Progress Corporate Park, NanoSonic Products establishes the world's first cGMP manufacturing facility for custom production of commercial quantities of food and pharmaceutical grade cyclodextrin complexes using its proprietary pulse drying process.
The plant renovation was accomplished using local trades and services. The company strongly supports local businesses first when making product and service selections.
The NanoSonic Products facility will be the first in Florida in which all of the electrical energy requirements will be generated from solar panels. "In addition to the positive environmental benefits, this is part of our long term strategy to protect the company against future rising energy costs," stated NanoSonic President & CEO Dr. Jeffrey Tate.
Complementing the solar electric system, the entire renovation has been carried out with energy efficiency in mind. Systems and products with the highest practical energy efficiency have been selected and installed at every step. The company is committed to a program of continuous improvement to reduce building energy usage. For example, the proprietary pulse drying system uses 1/3 the energy of a conventional spray dryer.
The ribbon-cutting event, which begins at 10:30 a.m., will include remarks by City of Alachua Mayor Gib Coerper, and Gainesville Area Chamber of Commerce President Brent Christensen. Plant tours with company President & CEO Dr. Jeffrey Tate will be available following the program. George's Florida Bar-B-Que will provide a "gatorlicious" lunch and refreshments.
The NanoSonic Products manufacturing facility is located next to Progress Corporate Park in Alachua, FL, home to many established and start-up biotechnology companies. "We are fortunate to have found the perfect building for our NanoSonic Products manufacturing facility in Alachua," commented CTD Holdings, Inc. Chairman & CEO Mr. C.E. "Rick" Strattan. "Part of our reason for celebrating is to call attention to the city's favorable location, facilities, and excellent trades and services providers."
NanoSonic Products, Inc. will offer a wide variety of cyclodextrin related manufacturing services to its global customers including: custom formulation and compounding, specialized manufacturing, and commercial scale supply of pharmaceutical grade cyclodextrin complexes.
Safe Harbor Statement: This news release contains "forward-looking statements" about the Company's anticipated growth. You are cautioned that such statements are subject to risks and uncertainties and that could cause actual results to differ materially from those projected in the forward-looking statements, such as the Company's ability to obtain additional capital to expand operations as planned. The above forward-looking statements are made as of the date above; CTD Holdings, Inc. accepts no specific responsibility for updating such statements.