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Pressure BioSciences, Inc. (OTCQB: PBIO) will host a teleconference on April 21, 2021, at 4:30 PM ET to discuss its Q4 FY 2020 financial results and provide a business update. Interested parties can listen live or access a replay starting April 22, 2021. The company focuses on pressure-based solutions for the life sciences, leveraging patented technologies like Pressure Cycling Technology and Ultra Shear Technology for various applications, including biopharma and food preservation.
Pressure BioSciences, Inc. (PBIO) has executed a letter of intent to acquire an internationally-based eco-friendly agrochemical supplier. This strategic acquisition is expected to enable PBIO to enter the growing agrochemical market, offering alternatives to synthetic pesticides and fertilizers. The company anticipates this acquisition will be accretive, driving significant revenue growth and profitability by Q4 2021. PBIO's Ultra Shear Technology will enhance product effectiveness, targeting the booming organic and sustainable agriculture sectors, poised for growth from $84.5 billion in pesticides by 2023 to $131 billion.
Pressure BioSciences (OTCQB: PBIO) announced a strategic partnership with Ohio State University to form a food industry consortium. The consortium will allow members to access PBI's Ultra Shear Technology (UST) for enhancing liquid food products' quality and longevity. Members will benefit from first look access to UST developments and opportunities for licensing. Key goals include improving product safety and extending shelf life while reducing processing costs. The global high-pressure processing market was valued at $15.5 billion in 2019, indicating significant growth and potential for UST as a superior alternative.
Pressure BioSciences, Inc. (PBIO) has partnered with The Ohio State University to create a food industry consortium aimed at advancing its Ultra Shear Technology (UST). The consortium will utilize UST in Ohio State's food pilot plant, focusing on developing innovative food applications and addressing regulatory concerns. Members will have first rights to license new UST applications. The initiative, backed by USDA funding, aims to enhance food safety, stabilize products for ambient storage, and improve overall quality. The global high-pressure processing market was valued at $15.5 billion in 2019, reflecting growth potential.
On February 24, 2021, Pressure BioSciences (OTCQB: PBIO) announced a partnership with Ohio State University to establish a food industry consortium aimed at advancing its Ultra Shear Technology (UST). This consortium will utilize UST for developing innovative food applications that improve safety, quality, and nutrition. Members will have access to UST systems and the right to license new applications. The initiative is supported by USDA NIFA funding and aims at enhancing liquid food processing efficiency while reducing costs and extending shelf life.
Pressure BioSciences, Inc. (OTCQB: PBIO) has signed a letter of intent to acquire assets from a globally recognized supplier of eco-friendly agrochemicals. This acquisition aims to capitalize on the increasing demand for alternatives to synthetic pesticides and fertilizers driven by global population growth and environmental sustainability. The company's Ultra Shear Technology™ (UST™) is expected to enhance the bioavailability of these agrochemicals. The global pesticides market is projected to grow from $84.5 billion in 2019 to $131 billion by 2023, while fertilizers are expected to reach $232 billion by 2025.