Food & Beverage Archives - Page 9 of 22

Vietnam: International Dairy Product launches nutritious KUN milk with jelly pieces in SIG XSlimBloc carton packs

Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine.

Meeting the growing demand in Vietnam for high-quality dairy offerings to kids, KUN’s nutritious dairy range in 125ml and 180ml on-the-go SIG XSlimBloc carton packs is available in three flavors: Malt, Orange and Strawberry. Formulated specially for kids, KUN milk contains more vitamins (K2, A, D3, Choline, Beta Glucan, Zinc Lactate). With bite-size pieces of jelly, dietary fiber is added to the milk to aid in digestion. Drinking milk with jelly also appeals to kids, making it a multisensory drinking experience.

My Phan Ngoc, Marketing Director at IDP: “Our expanded KUN range is designed to offer kids a distinctive drinking experience. Leveraging the innovative packaging solution and filling technology from SIG, our consumers can now enjoy healthy and delicious milk with added value, sip by sip.”

The XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.

SIG’s Drinksplus technology allows F&B manufacturers to aseptically fill carton packs with beverages containing nutritious real bits of fruits, vegetables, grains or chewable pieces, such as jelly. SIG uses an advantageous sleeve system, where each carton pack is individually shaped, filled and ultrasonically sealed above the filling level, not through the actual product. This guarantees the aseptic safety of the product. Drinksplus products with perceptible pieces can be filled on standard SIG filling machines for beverages, once equipped with an easy-to-install ‘Drinksplus upgrade kit’. The products can be stored at room temperature for an extended period of time without losing its quality or flavor. The SIG Drinksplus technology provides the advantage of adding up to ten per cent particulate content like jelly into beverage products and to fill them aseptically into SIG carton packs. The bits can be up to six millimeters in length and width and ensure that drinking is fun.

Kha Vo Xuan Minh, Country Manager Vietnam at SIG: “With our flexible filling technology, our customers are well positioned to respond to consumer demands shaping the market. We are excited to see the first Drinksplus product filled in SIG XSlimBloc carton packs and look forward to bringing more innovative packaging solutions to the market.”

About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.

For insights into trends that drive the food and beverage industry, visit the SIG blog.

Your contact for media inquiries:

PRecious Communications for SIG
Tel: +65 6303 0567
Email: sig@preciouscomms.com

Pham Thanh Hien
Email: hien@preciouscomms.com
Mobile: +84 914692188

Thailand: Ivy launches plum and tamarind juice drinks in SIG XSlimBloc carton packs

I.P. Natural Products (I.P.) expanding its popular Ivy brand

I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.

I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.(Photo: SIG)

Ivy’s new juice range will be introduced in two Asian-inspired flavors: tamarind – a refreshing juice made with premium local Thai ingredients, and plum – a tangy-sweet juice made with fresh Taiwanese plums. Produced using Ivy’s unique beverage formulation, both products boast a distinctly Thai flavor profile that will appeal to local consumers who can enjoy it on the go. Both flavors will be available on Thai retail shelves in SIG XSlimBloc carton packs, 170 ml and 200ml.

Mr. Uthai Thaneswarakul, Managing Director and President of I.P. One Company Limited: “I.P. is thrilled to continue our long-term partnership with SIG as we expand Ivy’s beverage categories to meet the diverse needs of our consumers. We share SIG’s core values of providing consumers with safe and high-quality UHT products and believe in SIG’s commitment to providing even more sustainable innovations.”

He further shared: “We are committed to producing good quality products. I want Thai people to use and consume quality products, including delicious food and beverages made from quality ingredients. This is the key to our success, allowing us to grow sustainably both domestically and abroad.”

I.P.’s partnership with SIG spans 27 years. Together, the companies have brought popular beverages to market through a strong commitment to sustainability and innovation.

Angela Lu, President & General Manager Asia Pacific at SIG: “SIG offers comprehensive solutions that enable customers to explore new market segments. With our agile and flexible filling system, we offer customers unmatched volume and format flexibility, enabling them to meet the rapidly changing demands of consumers.”

The SIG XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.

About SIG
SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.

For insights into trends that drive the food and beverage industry, visit the SIG blog.

Your contact for media inquiries:

PRecious Communications for SIG
Tel: +65 6303 0567
Email: sig@preciouscomms.com

Busakorn Srisongkhroh, busakorn@preciouscomms.com, Mobile: 081-9110931
Srunthus Tangkunanont, srunthus@preciouscomms.com, Mobile: 081-2311010
Sirada Rongbundit, sirada@preciouscomms.com, Mobile: 080-5888886

Spritzer EcoPark Taiping Brightens up the Sky with an Enchanting Aurora Light Show at Food, Arts and Music Carnival

Spritzer EcoPark enchants visitors by bringing home the northern lights through an Aurora light show that illuminates the night sky in Taiping over the last weekend, 27th April to 1st May 2024. This breathtaking show is a standout feature of Spritzer’s Foods, Art & Music (“F.A.M.”) Carnival, an event generously supported by Perak Tourism.

The F.A.M. Carnival delivers a whirlwind of activities from 27th April to 1st May 2024, running daily from 1:00pm to 12:00am. Attendees enjoy the vibrant atmosphere, which commenced with an opening ceremony on 27th April. At the heart of this extravaganza lies the breathtaking Aurora Light Show, illuminating the skies of Taiping each night with dazzling moving streams, ripples, to arcs of colours, leaving attendees mesmerized.

For food lovers, the F.A.M. Carnival offers enticing local food stalls for visitors to choose from. Foodies can also take part in the Big Eater Challenge, challenging the influencer, Amoi Saka, on day two of the carnival to eat the most satay within 8 minutes. Once again, Amoi Saka emerged victorious by consuming 80 pieces of satay within the time limit.

In addition to the Aurora Light Show, art enthusiasts immersed themselves in colourful installations and exhibitions showcasing the works of local and regional artists. These creative expressions will ignite the imagination.

As the sun sets, the F.A.M. Carnival will come alive with the rhythms of local music acts. Visitors will be entertained by the performances of Shidi Data, Azzaraband, Han Budak Cina, Amoi Saka, Ukays, and Bueh, among others, as they take the stage and command the audience with their infectious melodies and captivating stage presence. Throughout the carnival, visitors can add a splash of fun to their carnival day at the daily foam party experience.

On Tuesday, April 30th, YB Loh Sze Yee, State Tourism, Industry, Investment, and Corridor Development Committee chairman, paid a surprise visit to grace the event, highlighting the significance of this celebration. YB Mr Loh Sze Yee expressed, “It is truly heartwarming to see such a dynamic fusion of food, arts, and music bringing vibrant energy to Taiping. Events like the F.A.M. Carnival not only showcase the cultural richness and creative spirit of our community but also play a crucial role in boosting local tourism and economic development. This Aurora Light Show, mimicking the magical northern lights, is not just a feast for the eyes but a symbol of how innovation and tradition can blend to create something truly spectacular. As we celebrate 150 years of Taiping, it is our commitment to continue supporting such initiatives that enrich our community and enhance Taiping’s appeal as a must-visit destination in Malaysia.

Winnie Chin, Spritzer’s Head of Public Relations, shared, “Taiping, the Home of Spritzer, holds a special place in our hearts. As Taiping celebrates its 150 years, our company is dedicated to revitalizing this enchanting town by organizing a diverse range of events and enriching Taiping’s tourism. We aim to provide local residents with plentiful opportunities to savour and indulge in unforgettable experiences.”

The event offered a fusion of food, arts and music for an unforgettable experience for all. Nestled in the lush greenery of Taiping, Spritzer EcoPark invites visitors to explore its breathtaking natural surroundings, from leisurely walking trails to the ancient 214-million-year-old Cactus Rock and an 18-hole Mini-Golf course. Visitors can also purchase souvenirs and Spritzer products or unwind at the STG café, soaking in the serene ambience.

Spritzer EcoPark is open daily from 10:00 AM to 9:30 PM. During special event, the park extends its operating hours to coincide with the event schedule. We are located at Lot 898, Jalan Reservoir, Off Jalan Air Kuning, 34000 Taiping, Perak.

For more details, please visit our website at Spritzer Mineral Water Malaysia.

About Spritzer:

Established in 1989, Spritzer Group has been a pioneer in providing Malaysians with natural mineral water sourced from a 440-acre green rainforest. Committed to innovation, Spritzer Group leads the Malaysian bottled water industry through manufacturing, distribution, marketing, and sales of its diverse product line. From renowned natural mineral water to refreshing non-carbonated fruit-flavoured drinks, each product is carefully crafted to meet consumer needs.

Comprising eight business subsidiaries, Spritzer Group specializes in the production and distribution of silica-rich natural mineral water, sparkling natural mineral water, distilled drinking water, carbonated fruit-flavoured drinks, and non-carbonated fruit-flavoured drinks.

With over 30 years of experience, Spritzer Group is Malaysia’s largest and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

CropLife Asia announces new Office Bearers for 2024

CropLife Asia, the regional voice of the plant science industry, today announced a new lineup for the organization’s Office Bearers within the Board of Directors. Following the CropLife Asia 2024 Annual General Meeting, changes include the installation of Mr. Rahoul Vijay Kumar Sawani as President of CropLife Asia with immediate effect.

Mr. Rahoul Sawani serves as President, Asia Pacific with Corteva Agriscience. Appointed to this position in 2022, Mr. Sawani is responsible for delivering the company’s regional strategy and overseeing the growth of the business in the Asia-Pacific region. Highly experienced in the agricultural sector, Mr. Sawani has held various positions in across the plant science industry in his 18-year career and was previously Vice-President, South Asia with Corteva Agriscience.

The new roster for the CropLife Asia Office Bearers is as follows:

Rahoul Sawani, President, Asia-Pacific, Corteva Agriscience – President
Pramod Thota, President FMC Asia-Pacific, Vice-President, FMC Corporation – Vice-President
Alexander Berkovskiy, Regional Director, AMEA, Syngenta – Treasurer
Simone Barg, Senior Vice President, Agricultural Solutions Asia Pacific, BASF – Secretary

“As climate change intensifies and farmers in Asia face increasing challenges with crop production, plant science plays an important role in ensuring a robust, resilient and sustainable food system for the region. We’re grateful to have experienced and strong leaders comprising our CropLife Asia Board of Directors at such a consequential time for our region,” said Dr. Siang Hee Tan, Executive Director of CropLife Asia.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
Tel: (65) 6221 1615
duke.hipp@croplifeasia.org

Moolec Announces New Patent Granting in the United States for Molecular Farming Platform

Moolec Science SA (NASDAQ:MLEC) (Company; Moolec), a Molecular Farming food-ingredient company, announced today the granting of a patent family in the United States for its SPC2 product produced in safflower with Molecular Farming technology. This new patent adjudication will give the company, through its U.S. sole-owned subsidiary AG Biomolecules LLC, exclusivity for the use of the technology until 2041. Find the link to the patent here: https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11965169.

Moolec Science Logo

Moolec, whose technological platform has been under development for more than a decade, is known for pioneering the production of a bovine protein in a crop for the food industry. With the development and commercialization of the world’s first product for the food industry using Molecular Farming, Moolec shattered barriers and revealed the potential of this groundbreaking technology in the industrial biotech sector. This milestone transcended the limitations of traditional biotech practices, opening doors to innovation previously confined to pharmaceuticals.

The recently patented technology encompasses safflower plants, inclusive of their seeds, engineered with specific DNA sequences (transgenic event) aimed at improving the expression of bovine chymosin in safflower seeds.

Amit Dhingra, Moolec Science’s Chief Science Officer, emphasized, “This new family of patents not only ensures intellectual property protection for our product but also represents a platform for additional opportunities for Moolec’s safflower platform.” He then finished by saying, “It positions us to produce new proteins and products, leveraging the unique attributes of this crop. Moolec remains committed to innovative advancements in sustainable biotechnology, driving impactful change across food industries.”

Additionally, the patent extends to cover the DNA vectors utilized for transforming the safflower plant and the DNA sequences required for detecting the transgenic event.

While the patent has been successfully secured in the United States, a parallel application has been submitted in Argentina, a crucial strategic territory for Moolec’s safflower technology initiatives. Although the Argentinian patent application is currently pending, the patent family boasts a lifespan extending until 2041.

About Moolec Science SA
Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

View the original press release on newswire.com.

Spritzer Scores Big with ‘Meet the Red Legends’ Event for Football Fans

Malaysians had an extraordinary experience today as Spritzer, Malaysia’s leading mineral water brand, hosted an exclusive “Meet the Red Legends” lunch. The meet-and-greet event, held ahead of the historic “Battle of the Reds” (BOTR) game on 27 April 2024, brought together renowned former Manchester United and Liverpool players for an unforgettable encounter.

From left to right: The legends at the lunch Quinton Fortune, Florent Sinama, Dion Dublin and Patrick Berger

The “Meet the Red Legends Lunch” provided Malaysian football fans with a rare opportunity to get up close and personal with the Premier League legends including Patrick Berger and Florent Sinama from Liverpool and from Manchester United, Dion Dublin and Quinton Fortune.

The legends shared and exchanged stories about their challenges, motivations, and most memorable moments during their time as professional athletes of the ‘beautiful game’. After lunch, the session continued in a question-and-answer session, sharing career anecdotes. This was followed by an autograph and photography session, allowing fans to interact with the players and secure memorabilia.

The private lunch was an unforgettable experience and attendees had the chance to create and capture moments with their favourite Premier League icons, as a prelude to the highly anticipated “BOTR” friendly match between Manchester United and Liverpool legends, happening the next day at the Bukit Jalil National Stadium.

Spritzer aims to bring these football heroes closer to home to create unique experiences. Both BOTR and their “Meet the Red Legends” exclusive lunch celebrate sporting greatness while underscoring Spritzer’s commitment to long-term and meaningful community engagement.

“Spritzer champions excellence, just like these football legends who have embodied dedication, perseverance, and leadership throughout their illustrious careers. Inspired by the game, football transcends borders to unite people and nations, by fostering a shared sense of belonging. At Spritzer, we share these values, and we are thrilled to provide a platform for fans to connect with their idols and draw inspiration from their remarkable achievements. Through events like these, we strive to create memorable experiences that bring joy to our communities and inspire others to pursue their passions with unwavering determination,” said Winnie Chin, Spritzer’s Head of Public Relations.

As Spritzer continues to cement its position as a catalyst for fresh new experiences amongst Malaysians, initiatives like the “Meet the Red Legends Lunch” reaffirm the brand’s dedication to cultivating active lifestyles, fostering community spirit, and sparking a desire to achieve our potential.

For more details about Spritzer, please visit our website at Spritzer Mineral Water Malaysia.

Please download the high-res images from this link.

About Spritzer:

With over 30 years of experience, Spritzer Group is Malaysia’s largest and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

Vietnam: Nutifood opts for innovative SIG DomeMini on-the-go carton bottle

SIG’s packaging innovation means ‘less plastic – more carton’

Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack.

Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini. Varna Colostrum offers a targeted nutrition formulation for adults to improve immunity. The introduction of this product in the on-the-go carton bottle SIG DomeMini, which is now available for the first time in Southeast Asia, marks a pivotal shift, as in the past Varna products have only been available in plastic bottles. The transition to a bottle-shaped carton pack provides a solution that offers a better plastic-to-product ratio, while also standing out to consumers with its sleek and distinctive design.

Mai Thanh Viet, Vice President (Marketing) at Nutifood: “We are leading the way, not only with our innovative products, but also with our sustainable packaging choices. Switching from plastic bottles to the SIG DomeMini carton bottle sets a new precedent in Vietnam for captivating and sustainable on-the-go packaging. We are fostering a new era of responsible consumption, empowering our consumers to make more eco-conscious choices, without any compromise on convenience while they enjoy their favorite beverage on the move.”

SIG DomeMini offers a uniquely ergonomic and eye-catching design. The central SIG DomeMiniCap can be easily opened and closed by adults of all ages, resealed and easily stored for use at different times of the day.

The main material of the SIG DomeMini carton bottle, designed for full recyclability, is FSC™-certified paperboard made of forest-based renewable material. SIG DomeMini is manufactured using 100% renewable electricity and has a lightweight and space-saving design.

Angela Lu, President & General Manager Asia Pacific at SIG: “The market for on-the-go beverages offers immense potential and our SIG DomeMini carton bottle captures perfectly the ‘paperization’ trend for less plastic packaging. We work together with Nutifood to bring more sustainable packaging solutions to the market in Southeast Asia.”

The SIG DomeMini 12 Aseptic filling machine is capable of aseptically filling 12,000 packages per hour – in a total of seven volume sizes from 180 to 350 ml on one and the same filling machine with volume change in just 15 minutes. This maximizes efficiency and flexibility, providing an excellent return on investment for beverage manufacturers.

About SIG
SIG (FSC™ trademark license code: FSC™ C020428) is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.

For insights into trends that drive the food and beverage industry, visit the SIG blog

Picture caption:
Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack. Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini.

Photo: SIG

For media inquiries, please contact sig@preciouscomms.com

Molecular Farming Company to Achieve USDA Approval for Plant-Grown Animal Proteins

Moolec Science SA (NASDAQ:MLEC)(The company), a Molecular Farming food-ingredient company, announced today that the Animal and Plant Health Inspection Service (APHIS) of the U.S. Department of Agriculture (USDA) has concluded its Regulatory Status Review (RSR) for Moolec’s genetically engineered (GE) soybean Piggy Sooy™. See post online here: https://www.aphis.usda.gov/sites/default/files/23-234-01rsr-response.pdf [1].

The USDA-APHIS RSR determines that Moolec’s genetically engineered soybean, accumulating animal meat protein, is unlikely to pose an increased plant pest risk relative to non-engineered soybeans. Therefore, it is not subject to the APHIS regulation that governs the movement of organisms modified or produced through genetic engineering (as described in 7 CFR part 340).

“Moolec embraced Nasdaq’s slogan ‘Rewrite Tomorrow’ and took it literally! We achieved an unprecedented milestone in biotechnology with the first-ever USDA-APHIS approval of this kind,” stated Gastón Paladini, Moolec Science’s CEO & Co-Founder. “We are unlocking the power of plants by leveraging science to overcome climate change and global food security concerns. I am very proud of the Moolec team, creating value for shareholders and the planet at the same time.”

This milestone reinforces Moolec’s B2B go-to-market strategy for Piggy Sooy™ product, an innovative, functional, and nutritious ingredient. By adding a well-known animal meat protein (porcine myoglobin) to the standard soybean proteins, the company expects to provide food manufacturers with a unique ingredient that will have a positive carbon and water footprint.

Martin Salinas, Chief of Technology & Co-Founder at Moolec, enthusiastically announced: “We believe this milestone sets the stage for a revolution in the food-industrial biotech landscape, paving the way for expedited adoption of Molecular Farming technology by other industry players. Also, this compelling advancement signifies a stride in enhancing our operational efficiency, transforming our methods of raw material sourcing, and optimizing our downstream crushing and processing operations.”

In June 2023, the company announced that Piggy Sooy™ seeds had achieved high levels of expression of pork protein (up to 26.6% of the total soluble protein) and had patented their technology. The company clarifies that Piggy Sooy™ development is set to keep moving forward completing the necessary consultation with the United States Food and Drug Administration (“FDA”). Moolec declares to be engaged in the consultation process with the FDA, representing the next pivotal regulatory milestone preceding the commercial availability of Piggy Sooy™ ingredient.

About Moolec Science SA
Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Contacts:
Press & Media inquiries: comms@moolecscience.com
Investor Relations inquiries: MoolecIR@icrinc.com | ir@moolecscience.com

[1] In the first paragraph of the USDA-APHIS online response letter, please note that the term “gene editing” should be understood as “genetic engineering” due to an unintentional error that may be addressed in the coming days.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

View the original press release on newswire.com.

Crown Digital Spearheads the Future of AI in F&B with Ella the Robobarista at AIM Global

Crown Digital, Singapore’s first full-stacked F&B tech startup and the creator of Ella the Robot Barista, has joined AIM Global, the Global Alliance on Artificial Intelligence for Industry and Manufacturing.

Crown Digital joins AIM Global as the first Singaporean company together with a diverse range of companies and institutions globally to support its ultimate goal of “progress by innovation” globally by harnessing the possibilities of frontier technologies. This strategic collaboration reflects its commitment to advancing safe, sustainable, and inclusive use of AI in industry and manufacturing.

On being part of AIM Global, Keith Tan, CEO and Founder of Crown Digital shared “This partnership affirms Crown Digital’s belief in responsible adoption of AI technologies for industrial development globally. We are proud of Ella’s recognition as a positive use case in driving the autonomous future of F&B, especially with the recent resurgence of AI and Robotics. We look forward to the opportunity to drive AIM Global’s vision, priorities and key initiatives related to AI with international stakeholders in both private and public sectors,” Keith Tan, CEO and Founder of Crown Digital

Guided by the United Nations Industrial Development Organization (UNIDO), AIM Global promotes the responsible development and deployment of AI and frontier technologies. Aligned with the UN Secretary-General’s Our Common Agenda, AIM Global shapes a digital future that is open, secure, and beneficial to all.

AI technologies are transforming industry and manufacturing, offering unprecedented opportunities for increased efficiency, productivity, and sustainability. However, the adoption of these technologies also brings ethical considerations, privacy concerns, and the imperative for inclusivity. As a new member, Crown Digital is excited to contribute to AIM Global’s mission of unlocking the full potential of AI for industry.

Continuing its support to the United Nations Sustainable Development Goals and recognising the importance of sustainability and responsible consumption, Crown Digital has also partnered with Terrascope, a global decarbonisation SaaS platform that supports enterprises in their green transformation. As part of their collaboration, Crown Digital worked closely with Terrascope to measure the carbon footprint of six coffees featured on their Ella menu, encompassing both cradle-to-gate and cradle-to-grave analysis.

Crown Digital, a Singaporean start-up aimed to propel the future of F&B through its autonomous solutions, has since grown to establish itself as a tech-driven enterprise to bring gourmet coffee to lovers of the aromatic beans globally through partnerships with Ella the Robot Barista across multiple industries.

At the 35th Palm & Lauric Oils Price Outlook Conference & Exhibition that took place in Kuala Lumpur, Malaysia, conference attendees were served with a special blend of hot chocolate and mocha infused with MCT (medium-chain triglyceride) oils. This innovative pairing showcased the potential for combining advanced technology with health products and the endless possibilities to such partnerships in elevating brand experiences.

Crown Digital continued to elevate its partnership versatility when it demonstrated successes of payment gateway integration at the Mobile World Congress in Barcelona, Spain, through a collaboration with e&, one of the largest telecommunications and digital services providers in the Middle East, Africa and Asia. Conference attendees got to witness the swift and seamless process and integration from ordering, payment to receiving their customised order of the high-quality caffeine beverage made by Ella.

Singaporeans can also conveniently experience a cup of Ella’s brew by paying using DBS Paylah! or PayNow. This is powered by Crown Digital’s integration with DBS MAX, DBS Bank’s end-to-end cashless collection solution for businesses.

There is no rest planned for Ella just yet as Crown Digital sets its sights on participating in various industry conferences around the Asia Pacific region, including major cities such as Bangkok, Shanghai, Hong Kong and Osaka, as it continues to establish itself as a trailblazer in the emerging robotics and automation space and not just a F&B startup.

About Crown Digital

Full-stack start-up Crown Digital began with the goal of delivering a contactless coffee experience gourmet experience to the world’s growing community of grab-and-go commuters. Its creation, ELLA, the one of world’s first successful robot barista, humanised technology and demonstrated the potential of robotics and AI to re-invent the commuter lifestyle experience and re-energize urban retail. As ELLA deploys across major Asian transit hubs and retail locations, Crown Digital brings its expertise and insights to find new ways to create social value through robotics. The company strives to re-imagine and re-invent consumer-facing robotics to become the leading inventor, operator, and distributor of future-ready solutions.

For media enquiries, please contact ella@preciouscomms.com.

DPC Dash-Domino’s Pizza China: Revenue Increased by 51% YoY in FY23, Expected to Enter the Thousand Store Club in 2024

Since 2023, with the effective implementation of consumer promotion policies, the catering consumption market has been steadily recovering. China’s per capita disposable income has been steadily increasing, and the total retail sales of consumer goods have maintained an upward trend. Consumption has become one of the important drivers of China’s economic growth.

China’s young consumers have been increasingly exposed to Western lifestyles and culture, driving the rise in the popularity of Western cuisine, including pizza. According to a Frost & Sullivan report, China’s pizza market size reached RMB37.5 billion in 2022, and is expected to double to RMB68.9 billion by 2027, with a 5-year compound annual growth rate of 15.5%.

Domino’s Pizza China (referred to as “DPC Dash Ltd” or the “Company” , Stock Code: 01405.HK) , is Domino’s Pizza’s exclusive master franchisee in the China mainland, the Hong Kong Special Administrative Region of China and the Macau Special Administrative Region of China. Domino’s Pizza (NYSE: DPZ), DPC Dash’s global franchisor, is one of the most widely-recognized global consumer brands and the world’s largest pizza company.

On March 27, 2024, Domino’s Pizza China released its first audited annual results announcement after its IPO in 2023. In 2023, the Company achieved a revenue of RMB3,050 million, representing a 51.0% growth compared to 2022; achieved an adjusted EBITDA of RMB300 million, reflecting a 117.7% growth compared to the 2022 financial year; and achieved a positive adjusted net profit of RMB8.8 million as compared with an adjusted net loss in 2022 financial year. Since company’s core management team joined the company in the third quarter of 2017, the company has achieved 26 consecutive quarters of positive same-store sales growth.

Accelerating expansion of stores with excellent performance of new stores
Due to growing acceptance among domestic consumers, the diversification of pizza consumption scenarios and localized innovation, the pizza market in China continued to grow. To seize the growth opportunities in the industry, Domino’s Pizza China has implemented a strategy of “go-deeper and go-broader” to expand its business in the China’s pizza market.

As of December 31, 2023, Domino’s Pizza China had 768 stores in 29 cities in China. In 2023, Domino’s Pizza China added 180 net new stores and entered 13 new cities. In addition to increasing store density in well-established markets of Beijing and Shanghai, the Company also expanded into other first-tier, new first-tier and second-tier cities, penetrating potential untapped markets.

Since last year, the Company has operated with new store openings in Tangshan, Xi’an, Changsha, Xiamen, Yangzhou and Hefei. Four of these stores are located in Xi’an, Changsha, Xiamen and Hefei, representing stores in Northern, Central & Western, Southern and Eastern China respectively. Each of these four stores exceeded RMB5 million in sales in the first 30 days of opening, holding the top-four places globally. According to its financial results announcement, as of March 22, 2024, Domino’s Pizza China held the top 19 places in terms of first 30-day sales of Domino’s stores worldwide.

The strong market performance of the newly opened stores sent a clear signal to the market that Domino’s Pizza China has already won the market recognition and consumers’ trust with its high-quality pizzas and outstanding services, and has established a good brand reputation in the China’s pizza market, which is well evidenced by the fast-growing loyalty membership numbers. As of December 31, 2023, the loyalty membership numbers of the Company reached to 14.6 million, representing a 69.8% growth from 8.6 million at the end of 2022. In the future, along with the continuous improvement of brand potential, Domino’s Pizza China will next gain more incremental revenue in the China’s pizza market.

In 2024, Domino’s Pizza China continued its rapid expansion. According to its plan, Domino’s Pizza China is expected to open approximately 240 stores in 2024 and planned to reach the 1,000 stores milestone in the fourth quarter of 2024. From the beginning of 2024 and as of March 22, 2024, the company had a net opening of 55 new stores, 35 stores under construction, 88 stores signed or approved, accounting for over 74% of the total targeted store opening plan for the full year. It is foreseeable that Domino’s Pizza China is expected to continue its strong growth momentum, supported by accelerated expansion.

According to the company’s plans, Domino’s Pizza China aims to accelerate store expansion plan of over 300 new stores per year in 2025 and 2026. Domino’s Pizza China is well-positioned to sustain its strong growth momentum going forward.

With continuous improvement in operational efficiency, store profitability is effectively enhanced
While realizing strong revenue growth, Domino’s Pizza China continued to strengthen cost management and enhance store operational efficiency in 2023, resulting in a significant increase in profitability at the store level.

In 2023, the Company’s store-level EBITDA was RMB580 million, representing an increase of 80.1% from 2022 financial year; store-level EBITDA margin was 18.9%, representing an increase of 3.1 percentage points from 15.8% in 2022 financial year; store-level operating profit was RMB420 million, representing an increase of 105.1% from 2022 financial year; store-level operating margin was 13.8%, representing an increase of 3.7 percentage points from 10.1% in 2022 financial year.

Meanwhile, the same-store sales growth (“SSSG”) of Domino’s Pizza China also remained solid, with SSSG of 8.9% in 2023; average daily sales per store was RMB12,580, a year-on-year increase of 9.9%. The continuous improvement in a number of financial and operational indicators reflects the effectiveness of the operational management of Domino’s Pizza China.

In addition, the improvement of profitability of stores may further shorten the investment payback period of new stores, thus reducing the capital deposition of the Company, ensuring the sustainable operation of stores and maximizing the value, and providing solid support for Domino’s Pizza China to rapidly expand its store network.

“Delivering in 30 minutes, Free pizza coupons for overtime” builds a core competitive advantage with membership continues to grow
Efficient and reliable delivery service is one of the company’s core competitive advantages. Leveraging its “delivery in 30 minutes” slogan and service, the company has earned the trust of consumers in China’s pizza delivery market. Domino’s Pizza China provides professional delivery services, while also actively utilizing advanced digital technologies to optimize delivery routes and improve delivery efficiency. In 2023, Domino’s Pizza China’s delivery revenue accounted for 59.2% of total revenue, with over 76% of revenue coming from delivery orders in its Shanghai and Beijing stores.

Furthermore, to better cater to the tastes of Chinese consumers, Domino’s Pizza China updates its menu every 6-8 weeks, continuously innovating its products to localize and provide customers with a greater variety of options and experiences. Supported by efficient delivery services and delicious products, the company’s membership has grown rapidly.

Looking ahead, driven by the economic rebound and supported by policies that promote consumption, China’s catering industry is poised for gradual recovery, which may offer promising opportunities for catering companies like Domino’s Pizza China. With steady advance of its store expansion plan, and continuous improvement in the operational efficiency of stores, Domino’s Pizza China anticipates a surge in profits.