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.”
To view the full press release, visit https://ibn.fm/uhNXX
About Pressure BioSciences Inc.
Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries. PBIO’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented-enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). The company’s primary focus is on the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of PBIO’s pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the bio-pharma contract services sector, and (2) the use of its recently patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room-temperature, stable, low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company website at www.PressureBioSciences.com.
NOTE TO INVESTORS: The latest news and updates relating to PBIO are available in the company’s newsroom at http://ibn.fm/PBIO
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