Company Expects Revenue and Gross Profit
Contribution in the Second Half of 2024 and Beyond
NEW
YORK, Sept. 23, 2024 /PRNewswire/ - Borealis
Foods Inc. ("Borealis" or the "Company") (Nasdaq: BRLS), announced
today that Woodles®, the beloved noodle brand has
successfully expanded distribution into over 4,000 school lunch
programs across the United States,
offering a nutritious, school-approved, and delicious option for
students.
This move marks a significant milestone in the company's mission
to bring healthy eating habits to the forefront of the next
generation's diet. Borealis Foods's expansion into school nutrition
is a significant opportunity for the company as a trusted supplier
to schools nationally.
With growing concerns about childhood nutrition and the rising
demand for healthy options, Borealis' wholly owned subsidiary
Palmetto Gourmet Foods ("PGF") is stepping up to provide
schools with convenient, eco-friendly meal solutions that kids
love.
Featuring low-sodium, whole-grain rich ingredients,
Woodles offer healthy and nutritious noodles to school lunch
programs, meeting strict USDA guidelines.
"We're excited to bring Woodles to schools across the
nation," said Dr. Reza Soltanzadeh,
Founder and CEO of Borealis Foods. "Our goal has always been to
make healthy eating tasty, healthy and accessible, and we're proud
to help schools meet their nutrition standards while making an
impact on students' lifelong eating habits. We are working on
expanding this offering across all states as we partner with school
chefs to develop 'better-for-you' meals tailored for school
programs."
As part of its national expansion, PGF has partnered with
major school districts across the country, offering nutritious
meals to thousands of students. Following the successful launch of
Woodles, ample opportunity remains to continue growing with
over 90,000 K-12 schools in the
country. This initiative not only educates students about the
benefits of whole grains and healthier food choices but also
provides schools with the Woodles Protein+ variety. Woodles
significantly elevates the taste profile while providing a healthy
meal.
"Woodles have been an instant hit in schools nationwide
because they not only meet USDA nutrition requirements but are also
easy for cafeteria staff to prepare. Most importantly, they delight
students who have been wanting healthy, Asian-style noodles in
their school lunch programs for years," said Amanda Bot, Vice
President of the K-12 Division at PGF. She further stated
that, "The enthusiastic response from both schools and foodservice
distributors has been remarkable, and the speed at which
Woodles have been added to school menus across the country
is impressive. School districts are traditionally slow to implement
new items, so seeing Woodles gain traction so quickly is a
testament to the demand for healthier, student-approved meals that
fit seamlessly into existing lunch programs."
Dr. Soltanzadeh added, "This rollout to approximately 4,000 US
schools is a significant inflection point for our company. Most
immediately, we expect our third and fourth quarter revenues and
gross profits to benefit as these institutional channel sales
contribute to our results. Just as importantly, this successful
rollout confirms our ability to be a trusted partner for leading,
national foodservice distributors and we are actively working with
them to develop and service additional opportunities such as
universities and hospitals."
Benefits for Schools and Families:
- Healthier Meal Options
- Encouraging Lifelong Healthy Habits
- Eco-friendly Offering
- Versatile Menus
The expansion into U.S. schools is just the beginning for
Woodles, which has also announced plans to roll out new
products and flavors tailored to regional tastes and school
requirements.
About Borealis Foods:
Borealis Foods is a forward-thinking food tech company on a
mission to address human health, growing consumer needs and global
food security challenges by developing highly nutritious functional
food products that are flavorful, affordable, and sustainable. The
Company's focus on affordability and sustainability reflects its
deep commitment to making a positive impact on human health while
supporting the well-being of our planet.
For more information on Borealis Foods, please visit
https://borealisfoods.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/borealis-foods-announces-successful-introduction-of-woodles-into-us-school-lunch-programs-promoting-healthy-and-sustainable-eating-for-students-302254863.html
SOURCE Borealis Foods, Inc.
