Malaysian CropLife & Public Health Association Calls for Action Against Illegal Pesticides

SELANGOR, Malaysia, July 18, 2024 – (ACN Newswire) – The Malaysian CropLife & Public Health Association (MCPA), a national association representing the plant science and public health industries of Malaysia, calls for action against illegal pesticides after the tragic poisoning incidents of two young boys and the hospitalization of a teenager upon consumption of rat poison-laced snacks, as reported in the media. These heartbreaking events underscore the urgent need for stringent measures against the use and sale of illegal pesticides.

“The use of illegal and unregistered pesticides poses significant risks not just to public health but also to the environment and economies. We strongly condemn the use of such products,” said Ms. Marie Goh Chooi Fong, Associate Director, Malaysian CropLife & Public Health Association (MCPA).

“Furthermore, the proliferation of unregistered and illegal pesticides through online platforms is a growing concern. We urge the authorities to intensify efforts to govern the online sale of pesticides. Ensuring that all pesticides sold online are properly registered and comply with safety standards is crucial to prevent further tragedies,” she added.

Pesticides are some of the most tested and regulated products in the world. Likewise, in Malaysia, the pesticide industry is rigorously regulated by the Pesticides Board (PB) of the Department of Agriculture (DOA). Only pesticides that comply with stringent safety, toxicology, bio-efficacy, and other standards are approved by PB for sale. MCPA members, as registrants, strictly adhere to the Act, rules, and guidelines provided by PB to ensure safety while supporting national needs, including food security. Additionally, MCPA members adhere to the International Code of Conduct on Pesticides Management (ICOC) by the Food and Agriculture Organization (FAO) of the United Nations (UN).

MCPA and its members have been actively promoting Good Agriculture Practice (GAP) and stewardship programs for decades. These stewardship programs include educating users and promoting practices that encourage the responsible, safe and efficient use of pesticides. This is undertaken within the context of promoting an Integrated Pest Management (IPM) strategy and forms an important part of the industry’s life-cycle approach to product stewardship. MCPA also partners with the food value chain and government agencies to ensure food safety.

MCPA remains committed to supporting farmers and advancing the use of innovative agricultural technologies for a safe, affordable and secure food supply.

About Malaysian CropLife & Public Health Association (MCPA)

MCPA is a non-profit trade association, the voice of the plant science and public health industry in Malaysia. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. MCPA is one of the 15 national associations under CropLife Asia, based in Singapore. For more information, visit us at www.mcpa.org.my.

For more information please contact:
Marie Goh Chooi Fong
Associate Director
Malaysian CropLife & Public Health Association (MCPA)
marie@mcpa.org.my

Moolec Signs an Offtake Agreement With Major Global CPG Company to Hit the US Market in 2025

Luxembourg, July 15, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) (“the Company”), a Molecular Farming ingredient company, announced today the signing of an offtake agreement with one of the largest global consumer packaged goods and pet food companies for the use of Moolec’s patented science-based GLA Safflower Oil product, GLASO™ (the “Agreement”). This initial offtake agreement has a term of three years and establishes commercial conditions for the delivery of GLASO™ in US territory with an initial estimated volume of 50 tons for 2025.

Moolec Science Logo

GLASO™ is a nutritional omega 6 oil obtained from bioengineered safflower seeds. With high-GLA (gamma linolenic acid) concentration, Moolec’s product contains almost 3 times more GLA than conventional sources such as borage and primrose oil, making it the most concentrated GLA oil available on the market. GLA is widely recognized for its health-promoting attributes and is primarily embraced as a valuable addition to various diets in the form of a dietary supplement, functional food, cosmetics, and animal nutrition such as pet food, main application targeted by this offtake Agreement.

Moolec Science also announces that it has signed binding agreements with farmers to cultivate safflower as well as with an industrial partner to secure state of the art downstream capacity. Both agreements are paramount to ensure a fully-controlled and traceable supply chain for GLASO™.

“We are thrilled to announce this significant supply agreement for our GLASO™ nutritional oil product. This milestone, coupled with our new partnership for industrial toll processing, marks a pivotal step in our mission to deliver high-quality, innovative health solutions to our customers worldwide. It underscores our commitment to quickly scaling from small to large volume production and meeting the growing demand for sustainable nutritional ingredients,” said Martín Salinas, Chief Technology Officer & Co-Founder of the Company.

Moolec’s Molecular Farming Platform encompasses revolutionary technology enabling the production of high-quality ingredients, such as nutritional oils and proteins, in plants. The company leads the industry in demonstrating that its technology can be scaled efficiently, affordably, and sustainably. This allows for ingredients to be designed that will offer significant cost-in-use reductions compared to traditional and cellular agricultural methods.

Gastón Paladini, CEO & Co-Founder of Moolec, concluded: “We are very excited about this team accomplishment. It is a concrete and important step in Moolec’s path to commercialize our flagship technology. Going forward, we will intensify our business development and commercialization efforts with major participants in the manufacturing and ingredients business.”

Note to reader: Due to the competitive nature of these agreements, and the fact that Moolec Science is in continuing negotiations for further contracts, disclosure over third parties and price will not be made at this time. Moolec Science will keep the market informed with updates on its annual report that provides a comprehensive overview of the company’s business and financial condition.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Press & Media
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

Brawijaya Academic makes Mulch from Banana Waste and Water Hyacinth

SURABAYA, INDONESIA, July 15, 2024 – (ACN Newswire) – Dr Rita Parmawati, a lecturer from the Faculty of Agriculture of Brawijaya University has developed an organic mulch tape made from banana waste, water hyacinth, and paitan leaves (Crotalaria sp). The mulch tape can prevent weed growth and reduce soil surface evaporation rate.

lecturer from the Faculty of Agriculture of Brawijaya University, Dr. Rita Parmawati, SP, ME, IPU, IPU, ASEAN Eng. (ANTARA/HO-Universitas Brawijaya) — Brawijaya lecturer Dr Rita Parmawati, SP, ME, IPU, ASEAN Eng, with the organic mulch tape from banana waste, water hyacinth and paitan leaf. (ANTARA/HO-Universitas Brawijaya)

“Organic mulch tape is a technology that replaces plastic mulch, which is considered environmentally unfriendly because it cannot decompose properly. The disadvantages of using plastic mulch are reduced plant growth and yields, increased pest attacks, greater microplastic contamination, waterlogging, loss of soil structure, and reduced activity of soil microorganisms,” explained Dr Parmawati.

According to the lecturer, the new technology will be applied when the second planting season approaches in Malaka District, East Nusa Tenggara (NTT), which has abundant banana waste. “We utilize this banana waste together with water hyacinth and paitan leaves to be crushed, chopped, and moulded into a 25-centimetre-wide sheet,” she said.

She explained that mulch tape suppresses weed growth and reduces surface evaporation by up to 40 percent. When exposed to the sun, the organic mulch tape decomposes into fertilizer.

The process of applying the mulch tape is currently being carried out on a laboratory scale. It is at the socialization stage with the Regent of Malaka Regency, several farmer groups, and heads of departments in Malaka District.

Malaka District was chosen to apply the organic mulch tape technology because, according to Statistics Indonesia (BPS) data, it has low agricultural growth. Rice productivity in the area decreased from 2020 to 2022 due to issues in the supply of rice seeds and other problems involving weeds, evaporation, soil temperature, and irrigation systems.

“We will go to Malaka at the end of July. To make mulch tape for 10 hectares of land, we are working with the PT Widjaya Teknik Indonesia (Witech) factory,” she explained.

To ensure the technology’s sustainability, the local community will be helped in making organic mulch tape, starting with the introduction of materials, chopping, making tape pulp, drying, and pressing.

For more information, please click: https://ub.ac.id

Brawijaya University: https://prasetya.ub.ac.id

Editor: Azis Kurmala, Copyright (c) ANTARA 2024

New CropLife Asia and EU-ASEAN Business Council Report Highlights Pathways for Sustainable Agriculture in Southeast Asia

SINGAPORE, June 14, 2024 – (ACN Newswire) – CropLife Asia and the EU-ASEAN Business Council have jointly released a report on the sustainability of food systems in ASEAN. The report titled “Report on ASEAN Food Systems Sustainability,” draws on discussions from the first ASEAN Food Systems Sustainability Workshop that was held in Jakarta in November 2023. This report provides an analysis of the current challenges and opportunities facing agriculture and crop production in Southeast Asia, underscoring the need for region-specific solutions in light of global sustainability trends.

“This report is a call to action for countries in Southeast Asia to ensure national agricultural strategies address national needs and realities,” said Dr. Siang Hee Tan, Executive Director, CropLife Asia. “Realizing safe, secure and sustainable regional food systems requires balancing increased productivity with environmental protection and economic viability for our smallholder farmers. We can and must work together to make certain Southeast Asia’s smallholders have access to innovative technologies enabling greater food production with fewer natural resources and less impact to the world around us.”

The report sheds light on the effects of rising population growth and food demand in Southeast Asia. The region is expected to have nearly 30 million more people in 2030 compared to the European Union. This projection highlights the need for innovative approaches that help provide a reliable and affordable food supply. Another key finding from the report is the growing climate change impact to the region’s agricultural sector including lower yields, increased risks from extreme weather events and the continued spread of pests and diseases. The region’s unique tropical climate as well as soil condition further contributes to these agricultural challenges.

“We live in a world where food security, improving the nutritional value of the food we produce, and raising rural incomes are all of increasing importance and are all equally key sustainability measures. And, we have to do this whilst also taking care of and protecting our natural environment. As this report highlights, these things can be done together, in balance,” said Chris Humphrey, Executive Director, EU-ASEAN Business Council.

The report also provides insight into the key crop export landscape in ASEAN and how the stringent agricultural and environmental policies of the EU Green Deal could hinder productivity and sustainability in the region. Additionally, the report emphasizes the role and relevance in the region of agricultural innovations including digital solutions for food distribution, training farmers in efficient farming techniques and the use of gene-editing and crop protection technologies.

The full report can be accessed on CropLife Asia’s website through the following link: https://www.croplifeasia.org/wp-content/uploads/2024/06/Report-on-ASEAN-Food-Systems-Sustainability-FINAL-2024.pdf

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies and one associate member company at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

About EU-ASEAN Business Council

The EU-ASEAN Business Council (EU-ABC) is the primary voice for European businesses within the ASEAN region and is the only organisation that operates in the intersection of the private and public sectors between ASEAN and Europe. We are formally recognised by both the European Commission, and we are an accredited entity under Annex 2 of the ASEAN Charter.

Independent of both bodies, the Council has been established to help promote the interests of European businesses operating within ASEAN and to advocate for changes in policies and regulations which would help promote trade and investment between Europe and the ASEAN region. As such, the Council works on a sectorial and cross-industry basis to help improve the investment and trading conditions for European businesses in the ASEAN region through influencing policy and decision makers throughout the region and in the EU, as well as acting as a platform for the exchange of information and ideas amongst its members and regional players within the ASEAN region

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
duke.hipp@croplifeasia.org

Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update

Luxembourg, May 30, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the third quarter of Fiscal Year 2024 ended March 31, 2024.

Moolec Science Logo

The main highlights of Moolec’s business update are as follows:

Piggy Sooy™ Product | Soybean Platform: Moolec’s patented soybean product received USDA-APHIS Regulatory Status Review approval in April 2024.
Safflower Platform: GLASO™ planting campaign progressing as expected. Two US Patents granted for production of chymosin in safflower seeds (SPC2) extended exclusive technology protection until 2041.
Financial highlight: Normalized revenues and other income (Ex-IAS 29) up ~$1.3M YoY given consolidation of soy-protein ingredient business. R&D, Admin and other expenses of $2.3M increased 68% YoY mainly due to non-cash items. Operational cash utilization this quarter of ~$2.6M includes ~$1.4M allocated to lower accounts payable.

“These past few months mark a significant milestone in Moolec’s journey, showcasing our relentless pursuit to deliver results. Our progress on Piggy Sooy™ with the USDA-APHIS regulatory RSR approval, in addition to the starting of our GLASO™ commercial production streams are pivotal achievements that underscore our unwavering commitment to nutritional and sustainable solutions. I am thrilled to witness just the beginning of the fruits of our labor and am grateful for the continued and unwavering dedication of our team,” expressed Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

José López Lecube, Chief Financial Officer for the company, stated, “We are very pleased with our team’s consistent milestones delivery as we are addressing meaningful market opportunities. We remain confident in our disciplined approach to spending while preserving an adequate cash position and balance sheet to fund the business. I want to extend my congratulations to our team for the exceptional USDA-APHIS regulatory RSR approval, a major achievement for our long-term business plan execution.”

For a full version of Moolec’s first quarter Fiscal Year 2024 Business Update, click here.

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar. To access the call, please use the following information:

Date: Thursday, May 30, 2024
Time: 8:30 a.m. Eastern Time (U.S. and Canada)
Link to join the webinar: https://icrinc.zoom.us/j/91289208286?pwd=Rm9SS0hlRzN6d01WdU1od3IrZTBxdz09
One tap mobile: +13017158592,,91289208286#,,,,*888246# US
Dial In: +1 301 715 8592 | Webinar ID: 912 8920 8286, Passcode: 888246
International numbers available: https://icrinc.zoom.us/u/aid5QyFr4

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

CropLife Asia announces new Office Bearers for 2024

SINGAPORE, May 6, 2024 – (ACN Newswire) – CropLife Asia, the regional voice of the plant science industry, today announced a new lineup for the organization’s Office Bearers within the Board of Directors. Following the CropLife Asia 2024 Annual General Meeting, changes include the installation of Mr. Rahoul Vijay Kumar Sawani as President of CropLife Asia with immediate effect.

Mr. Rahoul Sawani serves as President, Asia Pacific with Corteva Agriscience. Appointed to this position in 2022, Mr. Sawani is responsible for delivering the company’s regional strategy and overseeing the growth of the business in the Asia-Pacific region. Highly experienced in the agricultural sector, Mr. Sawani has held various positions in across the plant science industry in his 18-year career and was previously Vice-President, South Asia with Corteva Agriscience.

The new roster for the CropLife Asia Office Bearers is as follows:

Rahoul Sawani, President, Asia-Pacific, Corteva Agriscience – President
Pramod Thota, President FMC Asia-Pacific, Vice-President, FMC Corporation – Vice-President
Alexander Berkovskiy, Regional Director, AMEA, Syngenta – Treasurer
Simone Barg, Senior Vice President, Agricultural Solutions Asia Pacific, BASF – Secretary

“As climate change intensifies and farmers in Asia face increasing challenges with crop production, plant science plays an important role in ensuring a robust, resilient and sustainable food system for the region. We’re grateful to have experienced and strong leaders comprising our CropLife Asia Board of Directors at such a consequential time for our region,” said Dr. Siang Hee Tan, Executive Director of CropLife Asia.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
Tel: (65) 6221 1615
duke.hipp@croplifeasia.org

Moolec Announces New Patent Granting in the United States for Molecular Farming Platform

Luxembourg, Apr 30, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) (“Company”; “Moolec”), a Molecular Farming food-ingredient company, announced today the granting of a patent family in the United States for its SPC2 product produced in safflower with Molecular Farming technology. This new patent adjudication will give the company, through its U.S. sole-owned subsidiary AG Biomolecules LLC, exclusivity for the use of the technology until 2041. Find the link to the patent here: https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11965169.

Moolec Science Logo

Moolec, whose technological platform has been under development for more than a decade, is known for pioneering the production of a bovine protein in a crop for the food industry. With the development and commercialization of the world’s first product for the food industry using Molecular Farming, Moolec shattered barriers and revealed the potential of this groundbreaking technology in the industrial biotech sector. This milestone transcended the limitations of traditional biotech practices, opening doors to innovation previously confined to pharmaceuticals.

The recently patented technology encompasses safflower plants, inclusive of their seeds, engineered with specific DNA sequences (transgenic event) aimed at improving the expression of bovine chymosin in safflower seeds.

Amit Dhingra, Moolec Science’s Chief Science Officer, emphasized, “This new family of patents not only ensures intellectual property protection for our product but also represents a platform for additional opportunities for Moolec’s safflower platform.” He then finished by saying, “It positions us to produce new proteins and products, leveraging the unique attributes of this crop. Moolec remains committed to innovative advancements in sustainable biotechnology, driving impactful change across food industries.”

Additionally, the patent extends to cover the DNA vectors utilized for transforming the safflower plant and the DNA sequences required for detecting the transgenic event.

While the patent has been successfully secured in the United States, a parallel application has been submitted in Argentina, a crucial strategic territory for Moolec’s safflower technology initiatives. Although the Argentinian patent application is currently pending, the patent family boasts a lifespan extending until 2041.

About Moolec Science SA

Forward-Looking Statements

Contact Information

Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

View the original press release on newswire.com.

Molecular Farming Company to Achieve USDA Approval for Plant-Grown Animal Proteins

Luxembourg, Apr 22, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC)(“The company”), a Molecular Farming food-ingredient company, announced today that the Animal and Plant Health Inspection Service (“APHIS”) of the U.S. Department of Agriculture (“USDA”) has concluded its Regulatory Status Review (“RSR”) for Moolec’s genetically engineered (“GE”) soybean Piggy Sooy™. See post online here: https://www.aphis.usda.gov/sites/default/files/23-234-01rsr-response.pdf [1].

USDA Piggy Sooy

The USDA-APHIS RSR determines that Moolec’s genetically engineered soybean, accumulating animal meat protein, is unlikely to pose an increased plant pest risk relative to non-engineered soybeans. Therefore, it is not subject to the APHIS regulation that governs the movement of organisms modified or produced through genetic engineering (as described in 7 CFR part 340).

“Moolec embraced Nasdaq’s slogan ‘Rewrite Tomorrow’ and took it literally! We achieved an unprecedented milestone in biotechnology with the first-ever USDA-APHIS approval of this kind,” stated Gastón Paladini, Moolec Science’s CEO & Co-Founder. “We are unlocking the power of plants by leveraging science to overcome climate change and global food security concerns. I am very proud of the Moolec team, creating value for shareholders and the planet at the same time.”

This milestone reinforces Moolec’s B2B go-to-market strategy for Piggy Sooy™ product, an innovative, functional, and nutritious ingredient. By adding a well-known animal meat protein (porcine myoglobin) to the standard soybean proteins, the company expects to provide food manufacturers with a unique ingredient that will have a positive carbon and water footprint.

Martin Salinas, Chief of Technology & Co-Founder at Moolec, enthusiastically announced: “We believe this milestone sets the stage for a revolution in the food-industrial biotech landscape, paving the way for expedited adoption of Molecular Farming technology by other industry players. Also, this compelling advancement signifies a stride in enhancing our operational efficiency, transforming our methods of raw material sourcing, and optimizing our downstream crushing and processing operations.”

In June 2023, the company announced that Piggy Sooy™ seeds had achieved high levels of expression of pork protein (up to 26.6% of the total soluble protein) and had patented their technology. The company clarifies that Piggy Sooy™ development is set to keep moving forward completing the necessary consultation with the United States Food and Drug Administration (“FDA”). Moolec declares to be engaged in the consultation process with the FDA, representing the next pivotal regulatory milestone preceding the commercial availability of Piggy Sooy™ ingredient.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Forward-Looking Statements

Contacts:
Press & Media inquiries: comms@moolecscience.com
Investor Relations inquiries: MoolecIR@icrinc.com | ir@moolecscience.com

[1] In the first paragraph of the USDA-APHIS online response letter, please note that the term “gene editing” should be understood as “genetic engineering” due to an unintentional error that may be addressed in the coming days.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

View the original press release on newswire.com.

Moolec Science Presents Second Quarter Fiscal Year 2024 Business Update

Luxembourg, Mar 13, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the second quarter of Fiscal Year 2024 ended December 31, 2023.

Moolec Logo
Moolec Science Logo

The main highlights of Moolec’s business update are as follows:

SOOY1 | Piggy Sooy™ Platform: Third generation (T3) soybean seed propagation has started, and fourth generation (T4) seeds are expected to be harvested in April 2024. A molecular analysis reveals that the current T3 soybean population contains a stable number of porcine myoglobin gene copies consistent with a population that is not segregating.
PEEA1: Scientific team confirms the presence of bovine myoglobin gene in pea seeds and the gene’s stable inheritance across plant generations.
YEEA1: Moolec´s prototyping platform includes a novel yeast strain that is being developed as a dietary supplement and food ingredient, and Moolec has begun the first of several pre-submission consultations with US-FDA.
Product Marketing: The next generation of textured plant-protein prototypes produced at Moolec’s industrial and commercial R&D center were presented to the public in Gulfood 2024.
Financial highlight: Capital Raise of ~$30M with $10M in cash and ~$20M in kind contributions materialized in October 2023 with strategic investors through a convertible note followed by an additional ~$1M raised with farmers in December 2023. Revenues and other income (Ex-IAS 29) of ~$1.7M slightly down QoQ. R&D, Admin and other Expenses in line with historical track record of cost efficiency. Operational cash utilization of ~$4M includes ~$2.7M allocated to lower accounts payable.

“This quarter has been a testament to the dedication and hard work of our team. We have made steady progress in our research and development efforts as well as product development. I am incredibly proud of our team’s delivery and execution. Thank you to the Moolers, and to our partners for their continued support,” stated Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

“Our financial position reflects our commitment on multiple fronts. The strategic partnerships we have formed, most recently with farmers, will be instrumental not only in our funding health, but also contribute to support Moolec’s product growth and commercialization in the near future,” declared José López Lecube, Chief Financial Officer for the company. He then continued by saying: “As we move forward, we remain focused on maintaining a healthy financial position and are confident in our ability to navigate the next stages of our growth.”

Conference Call

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar.

To access the call, please use the following information:

Date: Wednesday, March 13, 2024
Time: 08:30 AM Eastern Time (US and Canada)
Link to join the webinar: https://icrinc.zoom.us/j/92375922161?pwd=Qmt6NzdVUGNWaEhTT1NDOHU3Tjlydz09
One tap mobile: +13017158592,,92375922161#,,,,*888246# US
Dial In: +1 301 715 8592 US | Webinar ID: 923 7592 2161, Passcode: 888246
International numbers available: https://icrinc.zoom.us/u/acVKYeTJwM

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal-based food, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean and safflower. Recently, it acquired plant-based ingredient capabilities to consolidate Molecular Farming Technology. Moolec has a growing international patent portfolio (26, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

SOURCE: Moolec Science

View the original press release on newswire.com.

Enhancing Palm Oil Competitiveness through ISPO: Scenarios and Recommendations

JAKARTA, Dec 20, 2023 – (ACN Newswire) – The Indonesian palm oil industry, a crucial player in the national economy, grapples with international controversies tied to social, environmental, and land tenurial issues. The Indonesian Sustainable Palm Oil (ISPO) scheme, initiated in 2011, seeks to establish sustainability standards. This article explores challenges faced by ISPO and envisions two scenarios for its future impact.

Navigating the future of ISPO involves strategic promotion, addressing farming challenges, and streamlining bureaucracy. The scenarios presented highlight potential market shifts and underscore the importance of proactive measures for the sustainable development of the palm oil industry. [Image: ANTARA FOTO] — Navigating the future of ISPO involves strategic promotion, addressing farming challenges, and streamlining bureaucracy. [Image: ANTARA FOTO]

Challenges and Mandatory Extension

ISPO, initially mandatory for palm oil companies, faces hurdles in its broader adoption. A 2020 regulation extended ISPO certification to all growers, including smallholders, by 2025. Challenges include increased farming costs, especially for smallholders, and barriers like forest land use and agricultural licenses.

Scenario 1: Government Mandate with Price Regulations

In this scenario, the government mandates ISPO as the sole standard for palm oil, compensating for implementation costs through regulations on fresh fruit bunch (FFB) selling prices. While it aims to position palm oil as a premium, sustainable product, challenges like global recognition, buyer interest, and non-ISPO product responses persist. Potential consequences include an emerging illegal market, lower prices for smallholders, and a decline in palm oil market share.

Scenario 2: Voluntary ISPO Program with Incentives

Scenario 2 envisions ISPO as an optional, voluntary program, with the government offering incentives through higher selling prices for labeled products. This approach caters to different buyer preferences, creating two distinct cost structures for ISPO and non-ISPO products. Challenges akin to Scenario 1 persist, impacting the sustainability of this profit-optimizing strategy over time.

Recommendations:

Extensive ISPO Promotion: Prioritize promoting ISPO extensively to enhance market acceptance and increase membership.
Agricultural Practices Improvement: Urgently address the need for improved agricultural practices, especially for smallholders, through comprehensive government intervention covering farming assistance, premium inputs, and conflict resolution.
Bureaucratic Simplification: Streamline agricultural governance by simplifying redundant procedures between ISPO and other requirements, saving time and budget for the industry.

Navigating the future of ISPO involves strategic promotion, addressing farming challenges, and streamlining bureaucracy. The scenarios presented highlight potential market shifts and underscore the importance of proactive measures for the sustainable development of the palm oil industry.

By Fajril Amirul, Senior Officer
Indonesian Palm Oil Plantation Fund Management (BPDPKS)
https://www.bpdp.or.id/en/
Copyright (c) Antara 2023.