NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Announces Academia-Industry Partnership with The Ohio State University
Pressure BioSciences (OTCQB: PBIO) has entered into an agreement with the College of Food, Agricultural, and Environmental Sciences (“CFAES”) at The Ohio State University; the agreement has myriad objectives, including supporting improvements in PBI’s (“PBI”) Ultra Shear Technology(TM) (“UST”) applications and allowing global food companies access to UST for preparation of safer, more nutritious liquid foods and beverages. The agreement calls for model test systems of UST to be set up in Ohio State’s food pilot plant. The announcement also noted that PBI and Ohio State will be creating a food industry consortium, whose members will have access to the UST test systems in the pilot plant and licensing rights to the UST platform. PBI anticipates the partnership will also advance commercialization of its exclusive technology. “This new Consortium will welcome a global group of preeminent leading food & beverage companies as members,” said PBI president and CEO Richard T. Schumacher. “Each will contribute annually towards the Consortium’s operations, with funds supporting research and development at both PBI and Ohio State , while participating as an advisory council to nominate, prioritize and direct UST applications development amongst the myriad opportunities that invite our attention. As new and commercially relevant UST applications are demonstrated and 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 instrument leases and consumables sales. In addition, PBI will drive the exploitation of these new application innovations amongst non-Consortium companies worldwide.”
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) has entered into an agreement with the College of Food, Agricultural, and Environmental Sciences (“CFAES”) at The Ohio State University; the agreement has myriad objectives, including supporting improvements in PBI’s (“PBI”) Ultra Shear Technology(TM) (“UST”) applications and allowing global food companies access to UST for preparation of safer, more nutritious liquid foods and beverages. The agreement calls for model test systems of UST to be set up in Ohio State’s food pilot plant. The announcement also noted that PBI and Ohio State will be creating a food industry consortium, whose members will have access to the UST test systems in the pilot plant and licensing rights to the UST platform. PBI anticipates the partnership will also advance commercialization of its exclusive technology. “This new Consortium will welcome a global group of preeminent leading food & beverage companies as members,” said PBI president and CEO Richard T. Schumacher. “Each will contribute annually towards the Consortium’s operations, with funds supporting research and development at both PBI and Ohio State , while participating as an advisory council to nominate, prioritize and direct UST applications development amongst the myriad opportunities that invite our attention. As new and commercially relevant UST applications are demonstrated and 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 instrument leases and consumables sales. In addition, PBI will drive the exploitation of these new application innovations amongst non-Consortium companies worldwide.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
