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This is Fred Ball for Zions Bank, speaking on business.
Did you know that some of the world's most advanced nutritional technology is being developed right here in Utah? That's right. Albion Advanced Nutrition of Clearfield has developed processes by which living things, including human beings, can better utilize nutrients.
To understand Albion's technology, you have to know something about bioavailability and chelated minerals. Bioavailability is the amount of a nutrient ingested that is absorbed and can be used by our bodies. Albion has developed mineral compounds with enhanced bioavailability so our bodies can use a greater amount of those minerals. Chelation is a natural means for the body to transport minerals across the intestinal wall as part of digestion. Albion's chelated processes bind minerals to amino acids, allowing them to be ingested more easily through the intestinal wall.
Since minerals are required by all species, Albion produces chelated minerals for three separate industries. First, Albion provides patented bioavailable minerals for human pharmaceuticals, human nutritional supplements and food fortification. Second, it also makes patented bioavailable minerals for animal pharmaceuticals and fortified animal feeds. Third, Albion produces patented bioavailable mineral chelates as agricultural fertilizers and as plant growth nutrients.
It certainly is high-tech. But Albion's beginnings were actually very humble. Dr. Harvey Ashmead founded the firm in 1956, working out of a rented building in Ogden and investing all he had. But over the years, the company's sophisticated research led to its rapid expansion. And today, Albion operates several domestic and foreign subsidiaries, selling its products worldwide, and has been awarded numerous patents in the field of amino acid mineral chelates. The company has also been honored for its work by prominent organizations, including the World Trade Organization and UNICEF.
And as Albion eyes the future, it looks forward to using its advanced nutritional technology to help meet the world's growing need for improved crops, livestock and human nutrition.
For Zions Bank, I'm Fred Ball. I'm speaking on business.