TIDMANIC
Agronomics Limited
18 July 2023
18 July 2023
Agronomics Limited
("Agronomics" or the "Company")
Formo Successful Tasting Event
Agronomics (ANIC:LSE), the leading listed company focused on the
field of cellular agriculture, is pleased to announce that it
recently hosted a tasting experience in partnership with Formo Bio
GmbH ("Formo"), its portfolio company and one of the leading
precision fermentation Food Technology operators.
Investors, partners and members of the press were invited to an
exclusive tasting experience in which Formo's animal-free cheese
and egg delicacies, created through precision fermentation, were
included in a menu designed by Michelin Star Chef Allan
Pickett.
Formo is a visionary FoodTech company dedicated to introducing
the future of animal-free products to consumers. As Europe's
pioneering cellular agriculture company, their goal is to craft
delectable and highly functional proteins through precision
fermentation, which is a process that harnesses the power of
domesticated microorganisms. By doing so, they create remarkable
dairy and egg alternatives that closely mimic nature's own wonders,
bringing forth a diverse range of indulgent and satisfying
products.
Formo's cheeses have the same taste, texture, and functional
properties as animal-derived cheeses, but come at a substantially
lower cost for the environment, human health, and animal welfare.
According to Formo, precision fermentation can reduce Greenhouse
Gas Emissions by over 90%, water consumption by over 95%, energy
consumption by 60%, and land usage by 99%.
See video below:
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At the event in London, guests were treated to:
Appetizer - Truffled Le Kreuzberg tartlets, salt baked golden
Heritage beetroots, pea sprouts and red amaranth
Bao/Burger - WhatCameThird Egg Slider
Salad - Athena with Compressed Watermelon and Isle of Wight
tomatoes, Dried Black Olive Crumb
Quiche - WhatCameThird Egg vegetable quiche
Cheese platter - Le Kreuzberg served with Membrillo paste,
Lavosh crackers, fresh and dried figs, celery and grapes
Dessert - Frischhain Cheesecake with basil infused English
Strawberries
Jim Mellon, Co-Founder and Executive Director of Agronomics
said:
"We have been fervent supporters of Formo and its technology
since the company was founded. In just four years, Formo has made
unprecedented progress and is now delivering delicious, animal-free
dairy products direct to people's plates. This latest event
demonstrates how the Company is transforming the dairy industry,
using its novel technologies to tackle climate change, improve our
environment and reduce the suffering of animals without
compromising the foods we love to eat."
About Formo
Formo is a FoodTech company on a mission to bring the next
generation of animal-free products to consumers. The startup is
Europe's first cellular agriculture company developing dairy and
egg products using delicious and functional proteins derived from
precision fermentation. In 2019, Formo was founded by Raffael
Wohlgensinger to create a more sustainable and ethical food system
- where change is not initiated through consumer sacrifice but
rather through delicious and hedonistic products.
About Agronomics
Agronomics is a leading listed company with a focus on cellular
agriculture and cultivated meat. The Company has established a
portfolio of over 20 companies in this rapidly advancing sector. It
seeks to invest 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 and improve food security for 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 will 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 $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing facilities.
Funding in the field of cellular agriculture is accelerating,
however, still, less than US$ 5 billion has been invested worldwide
since the industry's inception in 2016.
For further information please contact:
Agronomics Beaumont Canaccord Cenkos Peterhouse SEC Newgate
Limited Cornish Genuity Securities Capital
Limited Limited Plc Limited
The Company Nomad Joint Broker Joint Joint Public Relations
Broker Broker
========== ============= ============= =============== ===========================
Richard Reed Roland Andrew Giles Lucy Williams Bob Huxford
Denham Eke Cornish Potts Balleny Charles Anthony Hughes
James Harry Rees Michael Goodfellow
Biddle Alex Aylen Johnson
(Head of
Equities)
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+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0)
639396 207 628 207 523 207 397 207 469
info@agronomics.im 3396 8000 8900 0936 agronomics@secnewgate.co.uk
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