TIDMANIC
Agronomics Limited
20 February 2023
20 February 2023
Agronomics Limited
("Agronomics" or the "Company")
Food Tech Leaders Come Together to Form the Precision
Fermentation Alliance
Agronomics (ANIC:LSE), the leading listed company focused on the
field of cellular agriculture, is pleased to announce that
portfolio companies The EVERY Co. and OnegoBio have joined seven
other industry leaders in the creation of the new Precision
Fermentation Alliance.
-- Change Foods, The EVERY Co., Helaina, Imagindairy, Motif
FoodWorks, New Culture, OnegoBio, Perfect Day, and Remilk are
founding members of the Precision Fermentation Alliance.
-- The group will serve as an industry voice and global convener
for the precision fermentation industry with a singular vision of
championing precision fermentation as a trusted solution for a more
resilient and sustainable food system.
The full announcement is set out below without any material
changes:
Feb. 16, 2023 - Today, nine precision fermentation leaders
across the globe announced they have joined forces to establish the
Precision Fermentation Alliance, a new trade organization created
to champion precision fermentation as a trusted solution for a more
resilient and sustainable food system.
The group will serve as an industry voice and global convener
for the precision fermentation industry.
The Precision Fermentation Alliance founding members have
aligned on the following goals:
-- Promote understanding of precision fermentation technology.
Establish global transparency around ingredients and foods made
with precision fermentation to build trust and familiarity.
-- Educate and engage key stakeholders throughout the food
industry value chain to establish best practices regarding
regulatory, manufacturing, food safety, and communications
standards and compliance.
-- Develop market access and the ability to operate and market
products effectively by engaging with regulators. Unlock public
funding and public-private partnerships to accelerate industry
growth.
"There is a direct line between food production, climate,
socioeconomic opportunities, and equity. How we make our food is
one of the foundational ways to change the world around us, and
just the beginning of the vision for this group," said Nicki
Briggs, MS, RDN, Vice President of Corporate Communications,
Perfect Day and Chair of the Precision Fermentation Alliance. "This
alliance codifies what we've always believed: a kinder, greener
tomorrow is possible through collaboration. This ecosystem of
mission-aligned leaders stands to exponentially accelerate what any
one member could do alone."
The Precision Fermentation Alliance will also focus on ensuring
that science-based decision making and informed public policy are
used in the regulation of precision fermentation products and
technology that are used in food. The Alliance will also provide a
forum to discuss global issues relevant to precision fermentation
industry.
"Most of us have consumed foods that contain ingredients made
using precision fermentation for decades, such as vitamins, enzymes
and natural flavors, without much fanfare," said Irina Gerry, Chief
Marketing Officer, Change Foods and Vice Chair, Precision
Fermentation Alliance. "As we look to extend the use of this
technology to produce an ever-expanding list of food ingredients,
such as proteins and fats, we will be able to produce a wide
variety of our most beloved foods animal-free, and with a much
lower environmental footprint. Ushering in this new era in food
requires clear communication, thoughtful policy, consistent
regulation and stakeholder engagement, which this alliance is
positioned to do."
Precision fermentation creates nature-identical, sustainable
versions of ingredients and products consumers love by combining
the natural ability of microorganisms to turn sugars into proteins
and other complex organic molecules with modern biology.
About the Precision Fermentation Alliance
The Precision Fermentation Alliance is the global industry
coalition of leaders in precision fermentation. Founded in 2023 by
Change Foods, The EVERY Co., Helaina, Imagindairy, Motif FoodWorks,
New Culture, Onego Bio, Perfect Day, and Remilk, this group shares
a singular vision of championing precision fermentation as a
trusted solution for a more resilient and sustainable food system.
Members have committed to accelerating the growth of the precision
fermentation industry through communications, research, advocacy,
regulation, and global stakeholder outreach. Together, this
coalition is accelerating their shared path towards a more
sustainable future for generations to come.
To learn more about the Precision Fermentation Alliance, visit
pfalliance.org/.
About Agronomics
Agronomics is a leading listed alternative proteins company with
a focus on cellular agriculture and cultivated meat. The Company
has established a portfolio of over 20 companies in this rapidly
advancing sector. It seeks to secure minority stakes in companies
owning technologies with defensible intellectual property that
offer new ways of producing food and materials with a focus on
products historically derived from animals. These technologies are
driving a major disruption in agriculture, offering solutions to
improve sustainability, as well as addressing human health, animal
welfare and environmental damage. This disruption will decouple
supply chains from the environment and animals and be fundamental
to feeding the world's expanding population. A full list of
Agronomics' portfolio companies is available at
https://agronomics.im/.
About Cellular Agriculture
Cellular Agriculture is the production of agriculture products
directly from cells, as opposed to raising an animal for slaughter
or growing crops. This encompasses cell culture to produce
cultivated meat and materials, and fermentation processes that
harness a combination of molecular biology, synthetic biology,
tissue engineering and biotechnology to massively simplify
production methods in a sustainable manner.
Over the coming decades, the source of the world's food supply
traditionally derived from conventional agriculture is going to
change dramatically. We have already witnessed the first wave of
this shift with the consumer adoption of plant-based alternative
proteins but today, we are on the cusp of an even bigger wave of
change. This is being facilitated by advances in cellular
agriculture. This change is necessary, given scientists' claims
that if we maintain existing animal protein consumption patterns,
then we will not meet the Paris Agreement's goal of limiting
warming to 1.5 .
AT Kearney, a global consultancy firm projects that cultivated
meat's market share will reach 35% by 2040. This combined with the
Good Food Institute's estimate that a US $1.8 trillion investment
will be required to produce just 10% of the world's protein using
this technology, means that we are on the cusp of a multi-decade
flow of capital to build out manufacturing facilities. Funding in
the field of cellular agriculture is accelerating, however, still,
less than US$ 5 billion has been invested worldwide since the
industry's inception in 2016.
For further information please contact:
Agronomics Beaumont Canaccord Cenkos Peterhouse
Limited Cornish Genuity Securities Capital TB Cardew
Limited Limited Plc Limited
The Company Nomad Joint Joint Joint Public Relations
Broker Broker Broker
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Richard Reed Roland Andrew Giles Lucy Williams Ed Orlebar
Denham Eke Cornish Potts Balleny Charles Alistair Walker
James Harry Max Gould Goodfellow
Biddle Rees Michael
Alex Johnson
Aylen
(Head
of Equities)
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+44 (0) 20 7930
0777
+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0) +44 (0) 7738 724
639396 207 628 207 523 207 397 207 469 630
info@agronomics.im 3396 8000 8900 0936 agronomics@tbcardew.com
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