Giles Shih - President and CEO of BioResource International

- My name us Giles Shih. I'm president and CEO of BioResource International. We're a agricultural biotechnology company based in the RTP area, Research Triangle Park in North Carolina. We are basically helping to grow healthier and bigger chickens in a sustainable way. We have a natural feed supplement that we had developed in collaboration with NC State, North Carolina State University. And what it does is it helps supplement the animal's natural digestive enzymes to get more nutritional value out of their feed. We started the company with the idea of commercializing these enzymes for poultry and for pig animal feed applications. As long as there are people eating more chickens and pigs around the world, we see that a lot in the developing countries in the emerging countries, we have huge opportunities overseas. We call them our big green chickens. Basically they're healthy sustainable poultry production, because it's a natural supplement. It's not a antibiotic. It's not a hormone. This is something that's derived form nature. The product is produced by fermentation. So it's like brewing beer or alcohol, but we're brewing an enzyme. And these are done in very large scale fermentation tanks. The product comes to us as a spray dried concentrated product. And then we have a mixing facility and packaging facility in North Carolina where we mix and blend and package the final product. And so the core of our business is really research and development, production, and delivery. So our customers will be the Perdues and Tysons of the world, and the Smithfield's. The ones that are growing poultry, growing swine. And what they do is they add the product as an additive of about one pound per ton of feed or half a kilo per metric ton in their feed mills where their mixing corn and soybean and other rations and then deliver to the farms that way. We sell our product into Brazil, into India, eventually into China. Huge populations that have a need for growing more poultry and swine. And we are a part of that. And that's really exciting for us and for a lot of people. If you can help them grow a chicken or a pig at pennies less per pound, then they're interested. That's what you lead with. But then what we also say is that there's an added benefit here. Because if your chicken or your pig digests the feed better, they're gonna pollute less. And therefore you're gonna have less issues with environment. We've done studies to show when you use our enzyme, you can lower the nitrogen that's excreted as a by-product because the animals digest the food better. But it's not a easy sell. It takes time. People want to have a healthy poultry that they know have been grown without the use of artificial products, and we think that we can be part of that long term solution. But these things don't change overnight. In India and China they have to be more resourceful and find ways to grow their chickens and pigs economically sustainable and environmentally sustainable ways. Were not just helping to grow bigger chickens, we're feeding the world. And this is an increasingly important issue as the population grows.