Landec (LNDC)

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Top Contributors Scott Redmond

Landec (LNDC) designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food, agricultural and licensed partner applications. The company's temperature-activated polymer products are based on its proprietary Intelimer polymersw which differ from other polymers in that they can be customized to abruptly change their physical characteristics when heated or cooled through a pre-set temperature switch. ^[1]

[edit] 2006 Highlights

• Company grew revenues to a record $232 million from $205 million
• Generated a record $8.7 million in net income, 60% above prior year's results
• Recorded $11 million in cash flow from operations

[edit] Growth Plans

1. Continue to grow revenues, profits and cash during the next several years
2. Extend the commercialization of the company's banana packaging program with Chiquita for use by nationally known chains
3. Commercialize new uses of BreatheWay packaging technology for food products
4. Continue to grow seed business
5. Enter into new licensing arrangements to sell proprietary Intelimer polymer materials.

^[2]

References
1. Company website
2. 2006 Annual Report p.3

[edit] References

1. ↑ LNDC
2. ↑ LNDC