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KALSEC SIGNS MASTER SERVICES AGREEMENT WITH WILLOW BIOSCIENCES FOR THE DEVELOPMENT AND MANUFACTURE OF FUNCTIONAL FOOD INGREDIENTS USING PRECISION FERMENTATION
KALSEC SIGNS MASTER SERVICES AGREEMENT WITH WILLOW BIOSCIENCES FOR THE DEVELOPMENT AND MA...
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[{"type":"text","content":"\n \n \n \n KALSEC SIGNS MASTER SERVICES AGREEMENT WITH WILLOW BIOSCIENCES FOR THE DEVELOPMENT AND MANUFACTURE OF FUNCTIONAL FOOD INGREDIENTS USING PRECISION FERMENTATION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n KALAMAZOO, Mich.\n \n and\n \n CALGARY, AB\n \n and\n \n MOUNTAIN VIEW, Calif.\n \n \n ,\n \n \n Nov. 8, 2022\n \n \n /CNW/ - Willow Biosciences Inc. (\"\n \n Willow\n \n \") (TSX: WLLW) (OTCQB: CANSF), a leading biotechnology company focused on revolutionizing industrial manufacturing of pure, consistent and sustainable functional ingredients and Kalsec® Inc. (\"\n \n Kalsec\n \n \n \"\n \n ), a leading global producer of natural taste and sensory, food protection, colors and advanced hops ingredients for the food and beverage industry, announce entry into a Master Services Agreement (the \"\n \n MSA\n \n \") to develop and commercialize a precision fermentation production process for a high volume, natural food opportunity.\n \n \n \n \n \n \n \n \n \n \"We are pleased to add a new functional ingredient to our portfolio, highlighting the demand for our fully integrated FutureGrown\n \n TM\n \n technology platform,\" said Dr. Peter Seufer-Wasserthal, Willow's President & CEO. \"We welcome the opportunity to advance Kalsec's range of natural, sustainable products while also evolving Willow's business strategy.\"\n \n \n The MSA consists of research & development and scale-up phases, with Willow generating revenues from both research fees and milestone payments. If successful, and the partnership proceeds to commercialization, both parties anticipate entering into a license agreement to share in the economics of the delivered product. This strategic partnership is driving important innovation and will support greater adoption of precision fermentation technology for natural food and beverage products.\n \n \n Willow's FutureGrown\n \n TM\n \n technology platform is a fully integrated, proven solution for rapid strain engineering, process development and scaled-up manufacturing that ...