Cyanotech Corp.

Cyanotech Corp.

Sector: Medicinal Chemicals And Botanical Products Region: HI, United States

: | Nasdaq: CYAN

Cyanotech Corp. develops and commercializes natural products from microalgae. The firm produces microalgae products for the nutritional supplement and immunological diagnostics markets in addition to microalgae-based products and food coloring markets. It's products include: Hawaiian BioAstin and Hawaiian Spirulina Pacifica. The company was founded by Gerald R. Cysewski in 1983 and is headquartered in Kailua-Kona, HI.


Gerald R. Cysewski, Ph.D., Interim President and Chief Executive Officer
Dr. Cysewski co-founded the Company in 1983 and has served as a director of the Company since that time. Until June 1996, he also served as Scientific Director. From March 1990 to May 2008, Dr. Cysewski served as President and Chief Executive Officer of the Company and in October 1990 was also appointed to the position of Chairman of the Board. From 1988 to November 1990, he served as Vice Chairman of the Company. From 1980 to 1982, Dr. Cysewski was Group Leader of Microalgae Research and Development at Battelle Northwest, a major contract research and development firm. From 1976 to 1980, Dr. Cysewski was an assistant professor in the Department of Chemical and Nuclear Engineering at the University of California, Santa Barbara, where he received a two-year grant from the National Science Foundation to develop a culture system for blue-green algae. Dr. Cysewski received his doctorate in Chemical Engineering from the University of California at Berkeley.
Jole Deal, CFO, VP of Finance & Administration, Treasurer and Secretary
Ms. Deal joined Cyanotech in August 2011. She was Chief Financial Officer of Puretek Corporation, a private manufacturer of nutritional supplements, generic pharmaceuticals and beauty care products ($50 million per annum), based in San Fernando, California, from 2009. Previously she was Divisional Vice President and Controller of Pharmavite LLC, manufacturer/marketer of Nature Made vitamins and dietary supplements ($500 million per annum), based in Northridge, California (a U.S. subsidiary of Otsuka Pharmaceutical Co., Ltd. of Tokyo), for four years, before which she held Pharmavite positions as Director, Sales and Marketing Finance for four years; Director, Financial Planning and Analysis / Manager, Financial Planning & Analysis for eight years; and Manager, Intercompany Projects for three years. Previously, she was Audit Senior at Touche Ross / Deloitte & Touche.
Glenn D. Jensen, Vice President - Operations
Mr. Jensen has served as Vice President - Operations since May 1993. He joined Cyanotech in 1984 as Process Manager and was promoted to Production Manager in 1991, in which position he served until his promotion to Vice President - Operations. Prior to joining Cyanotech, Mr. Jensen worked for three years as a plant engineer at a spirulina production facility, Cal-Alga, near Fresno, California. Mr. Jensen holds a B.S. degree in Health Science from California State University, Fresno.
Gerard “Gerry” Watts, Chief Operations Officer
Mr. Watts joined Cyanotech in 2014 with more than 30 years’ experience in the Food and Agribusiness industry. Most recently he advised and guided domestic and international firms with regard to fundamental and strategic issues associated with the global produce business. Previously, he was COO / GM at North Shore Greenhouses, a grower and shipper of living herbs produced in hydroponic greenhouses. Earlier, he was President of SunOpta Foods / SunOpta International Fruit Group, a $175 million vertically integrated manufacturer, distributor and redistributor of fresh fruit; VP, GM – Maui Land and Pineapple Company in Maui, Hawaii, where he directed all business operations for the Pineapple Division; and he capped more than 20 years with Calavo Growers Inc. of Santa Paula, California as VP, North American Operations / VP, GM Calavo de Mexico International.
Jim Lundeen, Vice President and General Manager, Sales and Marketing
Mr. Lundeen joined Cyanotech in 2012 and is responsible for all consumer marketing and sales activity in the continental United States for the Nutrex Hawaii brand of nutritional supplements. Most recently, he was Vice President, Customer Marketing at Pharmavite. He has a 30-year track record of business building success at Shulton, General Mills, Colgate, Dial and Pharmavite.  He was instrumental in building the Purex liquid detergent business to $200 million and the Nature Made supplement brand from $250 million to $750 million in retail sales. Mr. Lundeen has a BA in Economics from Northwestern University and an MBA from Harvard Business School.
Jen Johansen, Vice President of Quality & Regulatory Affairs
Jen Johansen has a life-long commitment to health and optimal vitality through the utilization of natural products. Today she oversees the Quality Control & Regulatory Affairs Department for Cyanotech Corporation. Ms. Johansen has 10 years of experience in quality and regulatory. She is a member of the Regulatory Affairs Professional Society, and is an American Society of Quality certified HACCP Auditor. She has utilized her expertise to position Cyanotech for full compliance to FDA’s Good Manufacturing Practices (GMP) for Dietary Supplements, and achievement of the Natural Product’s Association GMP Certification in 2007. She attended the University of Oregon on a full athletic scholarship for basketball and obtained her degree in Psychology, with a minor in Organic Chemistry.

News & Analysis