Renaissance BioScience Corp.: Angel Yeast Co., Ltd. signs exclusive global licence agreement with Renaissance BioScience Corp. for wine, cider and craft beer yeast

YICHANG, China and VANCOUVER, British Columbia, 2018-01-18 13:00 CET (GLOBE
NEWSWIRE) --
Angel Yeast Co., Ltd., a Shanghai Stock Exchange listed company (SSE:600298),
has signed a global licence agreement with Renaissance BioScience Corp. to
exclusively manufacture and supply the Renaissance novel, patent-protected
yeast portfolio for the wine, cider and craft beer industries worldwide,
starting in Q4/2017. 

"We're extremely pleased to expand our relationship with Renaissance. Over the
past four years, Renaissance has developed and successfully commercialized a
range of world-class yeast strains for wine and cider, and we are excited to
become their exclusive manufacturing and distribution partner going forward for
these successful products," said Mr. Wu Zhaohui, Vice President of Angel Yeast
Co., Ltd. "Importantly, Angel will be the exclusive global partner with
Renaissance to introduce an exciting new line of premium beer yeast for the
rapidly growing global craft beer industry. Renaissance has been an excellent
business partner and we're looking forward to working together to build this
expanding beverage yeast business." 

Dr. Cormac O'Cleirigh, Chief Business Development Officer for Renaissance
BioScience, commented, "Angel Yeast is a leading yeast company with world-class
production and a global distribution reach far beyond its home markets in China
and the Asia Pacific region. This agreement is the natural evolution of our
ongoing relationship with Angel Yeast and with it we're taking the next step to
work more closely with them to bring new yeast to market in the craft beer
industry, as well as continue the impressive growth we've seen in the wine and
cider industries over the past four years." 

Renaissance's novel hydrogen sulfide-preventing wine, cider and craft beer
yeasts have generated significant commercial interest in Europe, Asia, North
and South America, Africa and Australia/New Zealand. All Renaissance yeasts are
patent-protected and were developed using classical non-GMO techniques. Under
the agreement, Renaissance will work with Angel to fully commercialize the
existing wine, cider and craft beer yeast portfolio, and bring new and exciting
strains to the market in the coming years. 

         Contact:
         
         Angel Yeast Co., Ltd.
         Yichang, Hubei, China
         Ryan Wu
         Tel.: [phone]
         Email: [e-mail]
         
         Renaissance BioScience Corp.
         Steve Campbell
         Campbell & Company Strategies Inc.
         Communications and Public Relations
         Vancouver, BC CANADA
         Tel.: [phone]
         Email: [e-mail]