TIDMBSFA

RNS Number : 9668S

BSF Enterprise PLC

15 March 2023

15 March 2023

BSF Enterprise PLC

("BSF" or the "Company")

AGM Statement

The Annual General Meeting ("AGM") of BSF Enterprise ( BSF (LSE: BSFA), t he Main Market listed biotech company and the owner of pioneering UK-based clinical and cellular agriculture company 3D Bio-Tissues, will hold its AGM today at 10 a.m. where the Company's Managing Director Che Connon will provide the following statement:

"The Board is delighted to welcome you to our AGM. The successful reverse takeover of 3D Bio-Tissues (3DBT) in 2022 enabled us to rapidly make our mark on the cellular agriculture industry.

Achievements during the year ending 30 September 2022 include:

   --    The expansion of our laboratory space in Newcastle

-- The expansion of our technical team and recruitment of a Business Development Director and Chief Financial Officer

-- Significant advancement of our R&D activities, culminating in the production of successful prototypes of lab-grown meat fillets

-- The launch of our Go-to-Market strategy, and strong engagement with potential customers in the Cellular Agriculture industry

Post period end, we have built on this momentum, with achievements including:

-- Successfully produced and consumed the UK's first full-scale fillet of cultivated meat. This was a major scientific breakthrough made from 100% meat with no animals suffering in its production. This was achieved through the use of our platform process, which eliminates the need for plant-based scaffolds, with tissue growth being accelerated by the use of our proprietary City-mix(TM) media, which is food safe and animal serum free.

-- The receipt of grants from leading food innovation organisations to build upon the current capabilities of our proprietary serum-free media supplement, City-mix(TM)

   --     22 City-mix(TM)product evaluations underway as at 6 March 2023 
   --     Application to trade on the OTCQB Venture Market in the United States

The Directors believe a second year of similar growth and development lies ahead. We are excited at the prospects for 3DBT in both the near and mid-term as we seek to grow the business both through our Go To Market strategy and expansion into new markets. We are forging ahead in producing our 100% meat showcase products, which will be presented, at a public event in the coming months.

The market opportunity also underpins our positive outlook. The cultivated meat market alone is expected to grow at a CAGR of 410% to 2030, with a range of verticals into which we can supply City-mix(TM) to help serve high-growth markets. With an imminent listing on the OTCQB Venture Market in the United States, we will expand our reach to a broader pool of investors and create the potential for greater liquidity in the Company's shares.

We would like to thank our investors for their support and look forward to keeping the market updated with our progress."

   For further enquiries, please visit   www.bsfenterprise.com   or contact: 
 
 
 
   BSF Enterprise PLC                          Via SEC Newgate 
                                               below 
 Geoff Baker - Non-Executive Director 
  Che Connon - Executive Director 
 
 
   Shard Capital (Broker) 
 Damon Heath                                 0203 971 7000 
 
 
   SEC Newgate (Financial Communications) 
 Bob Huxford                                 020 3757 6882 
  Elisabeth Cowell                            BSF@secnewgate.co.uk 
  George Esmond

ISIN of the Ordinary Shares is GB00BHNBDQ51

SEDOL Code is BHNBDQ5.

Notes to Editors

BSF Enterprise PLC (BSF) is focused on unlocking the next generation of biotechnological solutions - using cell-based tissue engineering to help generate cultured meat, lab-grown leather, as well as human corneas, collagen growth and skin substitutes, as part of a radical transformation to deliver sustainable solutions across a variety of sectors.

It owns 100% of 3D Bio-Tissues (3DBT), a tissue engineering with patent-protected IP that is already producing human corneas to help restore vision to millions of people. Building on this success, it aims to produce the UK's first high quality lab-grown meat from its laboratory in Newcastle the next 12 months, transforming the meat-production industry towards an ethical and sustainable practice.

BSF aims to deliver growth to shareholders through the continued commercialisation of 3DBT's IP, which has multiple applications, as well as through M&A. It aims to acquire a suite of technologies that underpins the development of tissue templating for corneas, meat and leather, and license out the IP to manufacturers, wholesalers and distributors to help manufacture the products at scale.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMUSRBROBUOAAR

(END) Dow Jones Newswires

March 15, 2023 03:00 ET (07:00 GMT)

Bsf Enterprise (LSE:BSFA)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Bsf Enterprise Charts.
Bsf Enterprise (LSE:BSFA)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Bsf Enterprise Charts.