Agronomics Limited Agronomics welcomes Senior Investment Associate
February 24 2022 - 1:01AM
RNS Non-Regulatory
TIDMANIC
Agronomics Limited
24 February 2022
Agronomics Limited
("Agronomics" or the "Company")
Agronomics welcomes Hamood Al Fanna as a Senior Investment
Associate
Agronomics Limited (AIM:ANIC), a leading listed company focused
on cellular agriculture, is pleased to announce the appointment of
Hamood Al Fanna, who has joined the Company's advisory team as a
Senior Investment Associate. Based in Oman, Hamood was formerly a
venture investor at IDO Investments a global investment firm
focused on innovative growth stage start-ups. At IDO Investments,
Hamood focused on the biotechnology and healthcare sectors.
Hamood's arrival will support the advisory team's recommendations
to the Company for investments in promising companies in cellular
agriculture, and also help raise awareness of cellular agriculture
in the Gulf Cooperation Council region, noting the potential of
this technology to vastly improve nutrition security in harsher
climates, where the majority of food is imported.
Jim Mellon, Non-executive Director of Agronomics commented:-
"We are pleased to welcome Hamood to Agronomics' growing
advisory team. His experience of investing in biotech, alongside
his passion for cellular agriculture, makes him the perfect
candidate to augment the range of expert specialists we now have
available to draw upon, and who are placed at the forefront of this
fast-moving, and essential, field."
About Agronomics
Agronomics is a leading listed alternative proteins company with
a focus on cellular agriculture and cultivated meat. The Company
has established a portfolio of 20 companies at the Pre-Seed to
Series C stage in this rapidly advancing sector. It seeks to secure
minority stakes in companies owning technologies with defensible
intellectual property that offer new ways of producing food and
materials with a focus on products historically derived from
animals. These technologies are driving a major disruption in
agriculture, offering solutions to improve sustainability, as well
as addressing human health, animal welfare and environmental
damage. This disruption will decouple supply chains from the
environment and animals, as well as being fundamental to feeding
the world's expanding population. A full list of Agronomics'
portfolio companies is available at https://agronomics.im/ .
About Cellular Agriculture
Cellular Agriculture is the production of agriculture products
directly from cells, as opposed to raising an animal for slaughter,
or growing crops. This encompasses cell culture to produce
cultivated meat and materials, and fermentation processes that
harness a combination of molecular biology, synthetic biology,
tissue engineering and biotechnology to massively simplify
production methods in a sustainable manner.
Over the coming decades, the source of the world's food supply
traditionally derived from conventional agriculture is going to
change dramatically. We have already witnessed the first wave of
this shift with the consumer adoption of plant-based alternative
proteins but today, we are on the cusp of an even bigger wave of
change. This is being facilitated by advances in cellular
agriculture. This change is necessary, given scientists claims that
if we maintain existing animal protein consumption patterns, then
we will not meet the Paris Agreement's goal of limiting warming to
1.5
AT Kearney, a global consultancy firm, projects that cultivated
meat's market share will reach 35% by 2040. This combined with the
Good Food Institute's estimate that a US $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing facilities.
Funding in the field of cellular agriculture is accelerating,
however still less than US$ 2 billion has been invested worldwide
since the industry's inception in 2016.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse
Limited Cornish Securities Capital TB Cardew
Limited Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
---------------- --------------- --------------- ------------------------
Richard Reed Roland Cornish Giles Balleny Lucy Williams Ed Orlebar
Denham Eke James Biddle Michael Charles Joe McGregor
Johnson Goodfellow
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+44 (0) 20 7930
0777
+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0) 7738 724
639396 207 628 207 397 207 469 630
info@agronomics.im 3396 8900 0936 agronomics@tbcardew.com
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