TerraVia and Nestlé Purina Announce Joint Development Agreement

To Work Together to Bring Algae Ingredients to Companion Animal
Health and Wellness

SOUTH SAN FRANCISCO, Calif. & SAINT LOUIS–(BUSINESS WIRE)–TerraVia, Inc. (NASDAQ: TVIA) a pioneer in algae based food nutrition
and specialty ingredients, and Nestlé Purina PetCare, a premiere global
manufacturer of pet products, today announced entering into a joint
development agreement targeting the companion animal market. The
agreement, which spans multiple years, will leverage certain
commercially available algae-based advanced nutrition ingredients that
TerraVia has developed as well as additional innovative ingredients and
product concepts in TerraVia’s development pipeline.


Algae is the mother of all plants and earth’s original super food, and
is a highly sustainable source of critical nutrients providing health
benefits to both humans and animals. TerraVia has spent over a decade
pioneering a broad range of algae-based ingredients including a line of
healthy oils and lipids, whole algae proteins, omega-3 based ingredients
and other products.

“TerraVia is a leader in algae nutrition innovation, and at Nestlé
Purina we are always seeking out new ingredients to advance pet
nutrition to help them live better, more active lives. We are excited
about the potential impact these algae-based ingredients can make in the
health and the lives of pets,” said Daniel Smith, Vice President of R&D,
Nestlé Purina.

“We are excited to partner with Nestlé Purina, a global leader and
innovator in pet care and nutrition, to help develop the next generation
of nutritious, sustainable pet foods that are better for the planet and
the pets that we all love,” said Jonathan Wolfson, Chairman and CEO of
TerraVia. “TerraVia and our strategic partners are already demonstrating
the impact our algae innovation platform has in the culinary, specialty
feed ingredient and personal care categories. Our new partnership with
Nestlé Purina builds on these successes by leveraging our innovative
platform to open important doors into a very large market for companion
animal nutrition.”

About TerraVia

TerraVia™ is a next generation food, nutrition and specialty ingredients
company that harnesses the power of algae, the mother of all plants and
earth’s original superfood. With a portfolio of breakthrough ingredients
and manufacturing, the Company is well positioned to help meet the
growing need of consumer packaged goods and established and emerging
food manufacturers to improve the nutritional profile of foods without
sacrificing taste, and to develop select consumer brands. The Company
also manufactures a range of specialty personal care ingredients for key
strategic partners. Headquartered in South San Francisco, the Company’s
mission is to create products that are truly better for people and
better for the planet. For additional information, please visit
TerraVia’s website at www.terravia.com.

About Nestlé Purina PetCare

Nestlé Purina PetCare promotes responsible pet care, community
involvement and the positive bond between people and their pets. A
premiere global manufacturer of pet products, Nestlé Purina PetCare is
part of Swiss-based Nestlé S.A., a global leader in nutrition, health
and wellness.

Contacts

TerraVia
Genet Garamendi
press@terravia.com
or
Nestlé
Purina PetCare

Keith Schopp, 314-982-2577
keith.schopp@purina.nestle.com

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