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Posted On: 08/05/2022 5:27:31 PM
Post# of 1354
NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Gathers Leads at Events, Notes Rapid Market Expansion
Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and specialty testing services to the worldwide biopharmaceuticals, nutraceuticals, cosmetics, agrochem, and food/beverage industries, is reporting more than 60 strong leads gathered from its participation at two cannabis drink expo events, one in San Francisco and one in Chicago. The positive response is indicative of the rapid market expansion and potential for cannabis beverages, the company observes. Company officials also noted that a common theme at both events was the need for faster, more effective delivery of cannabis dosing with reliably repeatable precision. PBI’s patented Ultra Shear Technology(TM) (“UST”) platform for the nanoemulsification of CBD and other cannabinoids provides that solution. The company noted that seven companies requested immediate discussions and follow-up on the potential for incorporating UST in their product lines quickly as possible. “This was our first time participating in cannabis-focused expositions, and it was a resounding success,” said Pressure BioSciences president and CEO Richard T. Schumacher in the press release. “Last month we announced our plan and forecast to have a minimum of six UST nanoemulsion toll-processing contracts in place by the close of 2022. Based on the immediate traction gained in these two cannabis beverage meetings, and the feedback to date from our consortium colleagues at The Ohio State University focusing on UST introductions and rapid penetration into the food and beverages industry, we have increased our guidance to a total of 12 UST contracts to be closed by the end of 2022. We believe that each of these new contracts will offer $1 million or more per year in incremental revenue to PBI in 2023 and beyond.”
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), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and specialty testing services to the worldwide biopharmaceuticals, nutraceuticals, cosmetics, agrochem, and food/beverage industries, is reporting more than 60 strong leads gathered from its participation at two cannabis drink expo events, one in San Francisco and one in Chicago. The positive response is indicative of the rapid market expansion and potential for cannabis beverages, the company observes. Company officials also noted that a common theme at both events was the need for faster, more effective delivery of cannabis dosing with reliably repeatable precision. PBI’s patented Ultra Shear Technology(TM) (“UST”) platform for the nanoemulsification of CBD and other cannabinoids provides that solution. The company noted that seven companies requested immediate discussions and follow-up on the potential for incorporating UST in their product lines quickly as possible. “This was our first time participating in cannabis-focused expositions, and it was a resounding success,” said Pressure BioSciences president and CEO Richard T. Schumacher in the press release. “Last month we announced our plan and forecast to have a minimum of six UST nanoemulsion toll-processing contracts in place by the close of 2022. Based on the immediate traction gained in these two cannabis beverage meetings, and the feedback to date from our consortium colleagues at The Ohio State University focusing on UST introductions and rapid penetration into the food and beverages industry, we have increased our guidance to a total of 12 UST contracts to be closed by the end of 2022. We believe that each of these new contracts will offer $1 million or more per year in incremental revenue to PBI in 2023 and beyond.”
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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