Ocean Harvest Technology Group PLC, a leading developer and supplier of proprietary blended seaweed products for the global animal feed industry, has announced the granting of a second patent. The patent covers the benefits of using its OceanFeedTM product in the diets of various animals, particularly its positive impact on the gut through a proven pre-biotic effect, resulting in increased body weight and improved feed efficiency. This patent is a crucial component of the company's intellectual property strategy, providing protection over the core claims of its proprietary blended seaweed additive products and offering flexibility in future formulations.
The patent, issued by the UK Intellectual Property Office, is a significant competitive advantage for Ocean Harvest Technology Group PLC, as it covers the mode of action of a seaweed blend as an additive to animal feed diets. This ensures that the company can make unique claims about the benefits of its product, serving as a substantial barrier to entry in the supply of blended seaweed products as additives to animal feed. The CEO, Mark Williams, emphasized the importance of this milestone, stating that the grant of the patent enables the company to uniquely make and protect the claims over performance improvements and how they are achieved.
Ocean Harvest Technology Group PLC's IP strategy is part of a multi-pronged approach to build a competitive advantage for the business, alongside its supply chain strategy and accumulation of "know how." The company aims to make seaweed-based feed additives a material part of the $40 billion animal feed additive market and maintain its position as a leading producer of seaweed blends. This development signifies a significant step forward for the company in solidifying its position in the industry and ensuring the continued success of its proprietary products.