Gelatech’s participation in the new $30 million research center aims to drive innovation in cellular agriculture.
TORONTO , July 23, 2024 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN00), a disruptive food technology platform pioneering the commercialization of lab-grown meat and cellular agriculture, reshaping the global food industry, is pleased to announce that its venture arm, Jellatech, has been selected to participate in the Bezos Earth Fund’s new $30 million research center at North Carolina State University (NC State). The new Bezos Center for Sustainable Protein aims to drive innovation in sustainable protein production.
Cult Food Science logo (CNW Group/Cult Food Science)
Highlights:
Jellatech will join North Carolina State University’s Bezos Center for Sustainable Protein to advance cellular agriculture research.
The new $30 million research centre will foster collaboration between academia and industry to create sustainable protein alternatives.
Gelatec’s innovative approach to producing functional natural collagen without animals is aligned with the Center’s mission.
CULT Food Science was an investor in Jellatech’s pre-seed round and previously announced it was partnering with the company to launch a line of collagen-enhanced pet food.
The Bezos Center for Sustainable Protein, which opened today at North Carolina State University, is a major initiative funded by a $30 million grant from the Bezos Earth Fund. The center aims to create a biomanufacturing hub for food proteins that are environmentally friendly, healthy, delicious and affordable. The center will work with academic and industry partners to research, develop and commercialize new technologies, train the emerging industry workforce and understand consumer protein preferences.
Founded by Stephanie Michelsen, Gelatec is focused on producing functional natural collagen without relying on animals. The company’s recent achievements include the development of full-length, triple-helical, bioidentical, functional human collagen from a proprietary cell line. This advancement marks a milestone in sustainable collagen production, providing a high-quality alternative to animal-derived collagen.
Management Commentary
Mitchell Scott, CEO of CULT Food Science, said: “The addition of Gelatec to Bezos Earth Fund’s new research center is a testament to the company’s pioneering work in cellular agriculture. This collaboration marks an important step in achieving our mission of creating sustainable, ethical alternatives to traditional animal-derived products, and highlights the significant growth and value creation potential for shareholders as we lead in this transformative space.”
The story continues
“As Canada’s only publicly traded company focused on cellular agriculture, we see great opportunity in participating in initiatives like the Bezos Centre. Our Memorandum of Understanding with Gelatec to launch a line of collagen-enhanced pet food will benefit from the advancements and insights generated through this collaboration. We are committed to driving innovation and expanding our reach in the food science space.”
About CULT Food Science
CULT Food Science is a disruptive food technology platform pioneering the commercialization of lab-grown meat and cellular agriculture, reshaping the global food industry. CULT’s robust investment portfolio in cutting-edge venture-backed cellular agriculture and lab-grown meat companies provides a broad range of investors with access to the future of food. Backed by a team of experts with extensive experience in food technology and consumer food launches, CULT is committed to being at the forefront of the food revolution.
About Further Foods
Further Foods is revolutionizing pet nutrition through its innovative brand, Noochies!. Noochies! utilizes advanced cellular agriculture technology to create pet food products with superior nutritional profiles and ethical standards. Noochies! recently introduced the world’s first freeze-dried, high-protein, nutrient-rich pet treats made without factory farming. Noochies! products are currently available at select retailers in the U.S. and Canada and online at https://www.noochies.co/.
For additional information, please see our website at cultfoodscience.com or our regulatory documents at sedar.com.
On behalf of our Board of Directors,
Cult Food Science Inc.
“Mitchell Scott”
Mitchell Scott, Chief Executive Officer
Forward-looking information:
The information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance and include words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” statements that actions or events “may,” “might,” “should” or “will occur,” or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or other future events, to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, risks associated with the marketing and sales of securities, the need for additional capital, dependence on key personnel, possible conflicts of interest between certain officers or directors and certain other projects; and fluctuations in the price and trading volume of our common stock. Forward-looking statements are made based on management’s beliefs, estimates and opinions as of the date the statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, opinions or other circumstances change, except as required by law. Investors are cautioned not to place undue certainty on forward-looking statements. For more information regarding risks, investors are encouraged to refer to the Company’s MD&A and other regulatory disclosure filings available on sedar.com.
Source: Cult Food Science Corporation
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