Landec Corp (NASDAQ:LNDC)

Landec Corp. designs, develops, manufactures and sells polymer products for food and agricultural products, medical devices and licensed partner applications incorporating its patented polymer technologies. The company has two proprietary polymer technology platforms: Intelimer Polymers and Hyaluronan Biopolymers. The Intelimer Polymer is a crystalline, hydrophobic polymer that uses a temperature switch to control and modulate properties such as viscosity, permeability and adhesion when varying the materials temperature above and below the temperature switch. The Hyaluronan Biopolymers is a non-crystalline, hydrophilic polymer that exists naturally within the human body, most notably within the aqueous humor of the eye, synovial fluid, skin and umbilical cord. Landec operates through four business segments: Food Products Technology, Commodity Trading, Hyaluronan-based Biomaterials and Technology Licensing. The Food Products Technology segment markets and packs specialty packaged whole and fresh-cut vegetables that incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry. The Food Export segment or The Commodity Trading segment consists of revenues generated from the purchase and sale of commodity fruit and vegetable products to Asia and domestically. The Hyaluronan-based Biomaterials segment sells products utilizing hyaluronan, a polysaccharide that is widely distributed in the extracellar matrix of connective tissues in both animals and humans for medical use primarily in the Ophthalmic, Orthopedic and Veterinary markets. The Technology Licensing segment licenses Landec's patented Intellicoat seed coatings to the farming industry and licenses the company's Intelimer polymers for personal care products and other industrial products. The company was founded by Ray Stewart on October 31, 1986 and is headquartered in Menlo Park, CA.