Business
PURE Bioscience Reports 2016 Fiscal Second Quarter and Six-Month Financial Results
PURE Bioscience Reports 2016 Fiscal Second Quarter and Six-Month Financial Results.
About this update from Pure Bioscience
[{"type":"text","content":"\n \n PURE Bioscience, Inc. (OTCQB: \n PURE), creator of the patented silver dihydrogen citrate (SDC) \n antimicrobial, today reported financial results for the fiscal second \n quarter and six-month periods ended January 31, 2016.\n \n \n Update – Fiscal Q2 2016\n \n \n \n Received FDA approvals for two Food Contact Notifications (FCN) to \n commercialize PURE Control® as a direct food contact processing aid to \n be applied directly onto fresh produce and raw poultry.\n \n \n Began marketing of PURE Control as a fresh produce processing aid into \n a new $300+ million market segment.\n\n \n \n PURE Control is being tested by a leading produce supplier (which \n currently uses PURE® Hard Surface food contact surface sanitizer \n and environmental disinfectant for its plant and equipment) for \n protection against the most frequently associated produce pathogen \n contaminations (including Salmonella, Listeria and E. \n coli).\n \n \n \n \n Pursuing USDA approval as the final regulatory approval required to \n commercialize PURE Control as a raw poultry processing aid. Test \n results for PURE Control in poultry processing demonstrate materially \n significant reduction in Salmonella contamination (to nearly \n non-detectable levels).\n\n \n \n Protocols have been developed and initial plants and partners have \n been identified. PURE is ready to begin the plant trials as soon \n as the USDA completes its FCN review.\n\n \n \n Once initiated, the required USDA in-plant process validation \n and optimization trials will take approximately 45 days.\n \n \n PURE anticipates first sales into poultry processors (a new \n $350+ million market segment) in calendar Q2 2016.\n \n \n \n \n \n \n Two Casual Dining chains and one Quick Service Restaurant (QSR) chain \n have recently adopted PURE Hard Surface disinfectant to fight \n Norovirus (applied to surfaces which come in contact with food).\n\n \n \n Four additional chains are in the process of product evaluations.\n \n \n \n \n Significant expansion within Food Processors/Manufacturers, with \n customers both expanding environmental and surface applications and \n using PURE Hard Surface at additional plants. Much of the increasing \n usage is being driven by the product’s superior performance in \n eradicating Listeria, and providing residual protection as a \n...