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Posted On: 01/27/2022 2:57:11 PM
Post# of 1354
NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Announces Key Milestone in Commercialization of Ultra Shear Technology(TM)
Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and process development services to the worldwide food and beverage, biotherapeutics and personal wellness industries, among others, today announced the commissioning of its first production-scale, patented Ultra Shear Technology(TM) (“UST(TM)”) platform. Per the update, the BaroShear MAX UST processing system was installed and commissioned in The Ohio State University College of Food, Agricultural and Environmental Sciences (“CFAES”). Together with the previously announced formation of the Food Industry Consortium, co-led by PBI and Ohio State, this completes one of the last remaining critical milestones in the UST platform deployment at Ohio State to serve the global food industry. “We expect to begin placing commercial processing units into the market during the third/fourth quarters of 2022, under a leasing and licensing model,” said Richard T. Schumacher, president and CEO of PBI. “As new and commercially-relevant UST applications are demonstrated, and Consortium members utilize their first rights to license them for their own use, Ohio State and PBI will both benefit from resulting royalty streams. PBI will also benefit from equipment leases and consumables sales. In addition, PBI will drive the commercialization of these new applications amongst non-Consortium food companies worldwide and through multiple other major industries beyond food and beverages.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and process development services to the worldwide food and beverage, biotherapeutics and personal wellness industries, among others, today announced the commissioning of its first production-scale, patented Ultra Shear Technology(TM) (“UST(TM)”) platform. Per the update, the BaroShear MAX UST processing system was installed and commissioned in The Ohio State University College of Food, Agricultural and Environmental Sciences (“CFAES”). Together with the previously announced formation of the Food Industry Consortium, co-led by PBI and Ohio State, this completes one of the last remaining critical milestones in the UST platform deployment at Ohio State to serve the global food industry. “We expect to begin placing commercial processing units into the market during the third/fourth quarters of 2022, under a leasing and licensing model,” said Richard T. Schumacher, president and CEO of PBI. “As new and commercially-relevant UST applications are demonstrated, and Consortium members utilize their first rights to license them for their own use, Ohio State and PBI will both benefit from resulting royalty streams. PBI will also benefit from equipment leases and consumables sales. In addition, PBI will drive the commercialization of these new applications amongst non-Consortium food companies worldwide and through multiple other major industries beyond food and beverages.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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