NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Subsidiary Sees More than $1M in Orders in First Month
Pressure BioSciences (OTCQB: PBIO) announced that PBI Agrochem Inc., its new subsidiary, has received purchase orders totaling more than $1 million in its first month of operation. Agrochem provides ecofriendly agrochemical products, and the orders are for products to be delivered before year end. PBIO, a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, nutraceuticals, cosmetics, agriculture, and food & beverage industries, formed the new subsidiary in anticipation of the acquisition of a global agrochemicals products business focused on organically natural and environmentally responsible products. PBI’s Ultra Shear Technology(TM) (“UST”) platform, for creation of extremely low-droplet size nanoemulsions of oils in water, is well suited for a new generation of products featuring less-active material to deliver higher effectiveness when applied or consumed, resulting in improved effectiveness and economics. For now, PBI is focused on the application of UST in agrochemicals. “With integration planning for this acquisition well underway, PBI Agrochem placed an initial order for specialized, proprietary bulk material in July and began establishing U.S. warehousing, processing and final product packaging facilities,” said Pressure BioSciences president and CEO Richard T. Schumacher in the press release. “Our objective was to insert PBI Agrochem into the supply chain and sales channels of our acquisition target, in order to capture early sales revenues that we believe could have an immediate, accretive impact upon PBI’s overall operating results. These efforts have resulted in over $1M in 2021 customer orders for ecofriendly and effective agrochemical pest control and growth stimulant products. We anticipate that the delivery and booking for most of these orders will occur during the third quarter 2021. PBI investors who have followed and supported the company through recent years understand that this new incremental revenue from PBI Agrochem represents a potential doubling, or more, of quarterly revenues, when added to sales of PBI’s existing core products and services.”
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Pressure BioSciences (OTCQB: PBIO) announced that PBI Agrochem Inc., its new subsidiary, has received purchase orders totaling more than $1 million in its first month of operation. Agrochem provides ecofriendly agrochemical products, and the orders are for products to be delivered before year end. PBIO, a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, nutraceuticals, cosmetics, agriculture, and food & beverage industries, formed the new subsidiary in anticipation of the acquisition of a global agrochemicals products business focused on organically natural and environmentally responsible products. PBI’s Ultra Shear Technology(TM) (“UST”) platform, for creation of extremely low-droplet size nanoemulsions of oils in water, is well suited for a new generation of products featuring less-active material to deliver higher effectiveness when applied or consumed, resulting in improved effectiveness and economics. For now, PBI is focused on the application of UST in agrochemicals. “With integration planning for this acquisition well underway, PBI Agrochem placed an initial order for specialized, proprietary bulk material in July and began establishing U.S. warehousing, processing and final product packaging facilities,” said Pressure BioSciences president and CEO Richard T. Schumacher in the press release. “Our objective was to insert PBI Agrochem into the supply chain and sales channels of our acquisition target, in order to capture early sales revenues that we believe could have an immediate, accretive impact upon PBI’s overall operating results. These efforts have resulted in over $1M in 2021 customer orders for ecofriendly and effective agrochemical pest control and growth stimulant products. We anticipate that the delivery and booking for most of these orders will occur during the third quarter 2021. PBI investors who have followed and supported the company through recent years understand that this new incremental revenue from PBI Agrochem represents a potential doubling, or more, of quarterly revenues, when added to sales of PBI’s existing core products and services.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
