Moolec Science Presents Third Quarter FY 2023 Business Update

Luxembourg, May 31, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ: MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, today reported its business update for the third quarter of Fiscal Year 2023 ended March 31, 2023.

The main highlights of the Company's business update are as follows:

– On January 3, the Company started trading on Nasdaq under tickers "MLEC" for the common shares, and "MLECW" for the Company's warrants.

– Progress in the company's R&D and Regulatory front is on track:
— Meat replacement (YEEA) scaled-up in R&D stages and new meat proteins were successfully expressed.
— Meat replacement product pipeline made significant scientific progress to produce animal proteins in plant hosts.
— Regulatory clearance from USDA-APHIS for Molecular GLA safflower plants was achieved.
— Molecular Safflower seed multiplication progress is on track based on the company's internal schedule. Expression levels in GLA were approximately 60%, 10% above expectations.

– Integration of downstream and upstream capabilities:
— Moolec acquired plant-based ingredient capabilities to consolidate Molecular Farming Technology.
— The company has recently signed a Memorandum of Understanding (MOU) with Bioceres Crop Solutions (NASDAQ: BIOX) for up to 20.000 tons of Sustainable HB4(R) soybean as working capital, payable with common shares or cash in 3 years.

"We are very pleased to update the market for the first time as a public company, as the pioneer Molecular Farming Food-Biotech company in public markets. I want to thank our entire team for their unwavering commitment in building a category creator in the food industry. We look forward to continuing our journey in building a more resilient and sustainable food system for the good of the planet," stated Gaston Paladini, Chief Executive Officer, Chairman, and Co-Founder of Moolec Science. "We have been able to deliver very important scientific, operational, and regulatory milestones, as well as business and financial progress, in a very short period of time. Proud of Moolec?s Team, the Moolers!" also added.

"Having completed our business combination on December 30, 2022, and commenced the trading on Nasdaq, as of January 3, 2023, we are confident that access to the public markets will provide Moolec the flexibility and exposure to continue growing the Company. We also commend our team's progress and momentum in research and development. Our continued efforts have positioned Moolec at the forefront of plant-based animal protein development. We are pleased with our progress thus far as we continue to deliver results in multiple areas simultaneously," added Jos? Lopez Lecube, Chief Financial Officer and Director of Moolec Science.

For a full version of Moolec Third Quarter Fiscal Year 2023 Business Update, click here. http://ir.moolecscience.com/wp-content/uploads/2023/05/Moolec-Science-3rd-Quarter-FY-2023-Business-Update-May-30-2023.pdf

Moolec's 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, May 31, 2023
– Time: 8:00 a.m. ET
– Registration link: https://zoom.us/webinar/register/WN_-247lVcTSjG8O-cdXAt4FQ#/registration

Please connect 5-10 minutes prior to the start time to register and join. A replay and the PDF version of the presentation will be available approximately two hours after the conclusion of the live event via the company's Investor Relations website. https://ir.moolecscience.com/

About Moolec Science SA

Moolec Science is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company's technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec Science'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 soybeans and peas and Moolec Science has a growing international patent portfolio (23, 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 www.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 Science S.A. ("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 Form F-1 Registration Statement 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
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Mart?n Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moolec Science Secures Up to $50 Million in Committed Equity Financing With Nomura

Luxembourg, Apr 18, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) ("Company"; "Moolec"), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today it has entered into a Share Purchase Agreement ("Agreement") with Nomura Securities International, Inc. ("Nomura").

The Agreement provides for a committed equity financing facility under which the Company has the option, but not the obligation, to sell up to the equivalent of $50 million in aggregate gross purchase price of its ordinary shares to Nomura over a 36-month period, subject to the terms of the Agreement. The Company intends to use the proceeds from any future sales of securities under the financing facility, if it is utilized, for general corporate purposes.

"We are pleased to partner with Nomura and secure this financing facility," said Jose Lopez Lecube, Moolec Science's Chief Financial Officer. "This new understanding provides Moolec with enhanced financial flexibility to continue driving forward our Molecular Farming Platform and portfolio of products," he concluded.

Further details are contained in a Current Report on Form 6-K that was filed with the Securities and Exchange Commission today.

About Moolec Science SA

Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company'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 safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, 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 www.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 Science S.A. ("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 Form F-1 Registration Statement 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
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Martin Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files
Moolec Science Secures up to $50 Million Dollars in Committed Equity Financing with Nomura – 2023.04.17.pdf
https://cdn.newswire.com/files/x/a8/e1/bf62a363bcdd61ad9685397e5d2a.pdf

SOURCE: Moolec Science

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moolec Science Acquires Food Ingredient Capabilities to Consolidate Molecular Farming Technology

Luxembourg, Apr 11, 2023 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC; "Company"; "Moolec"), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, announced today the acquisition of plant-based food ingredient capabilities dedicated to the production and commercialization of functional soy proteins. This will help to accelerate Moolec's growth in the food ingredients industry by expanding its commercial network with a top-notch sales team and complementing its Molecular Farming Platform with industrial capacity, downstream operations, and a highly experienced team of professionals.

"This strategic decision accelerates our business plan's execution by combining existing commercial and manufacturing capabilities in different geographies, with the deep-science approach of our Molecular Farming Platform. As a result, Moolec is well-positioned to accelerate its sales ramp ahead of schedule starting in the 2023/2024 period with estimated revenues in the range of $6 million," said Jose Lopez Lecube, Moolec Science's Chief Financial Officer.

These Food Ingredient Capabilities resulting from the integration of ValoraSoy include state-of-the-art industrial facilities with a processing capacity of 10,000 tons strategically located in one of the main Argentine soybean corridors; a team of technicians, engineers, agronomists, and plant-based professionals; and commercial channels in more than 14 countries on three different continents. Soy-based protein ingredients are manufactured using several extrusion technologies and processes which yield ingredients with texture and fibrousness similar to meat. These solutions are utilized in several end products such as hamburgers, sausages, and other plant-based products in the traditional and alternative food industries, industrially and commercially complementary with Moolec's Molecular Farming pipeline.

Henk Hoogenkamp, Chief Product Officer and co-founder of Moolec, declared, "We believe plant-based technologies and Molecular Farming taken together have the power to contribute towards global food security. Moolec is developing the plant-proteins of the future by using highly efficient high-protein crops, in this case soybeans, to produce a wide variety of proteins naturally found in animals. Combining these crops with ValoraSoy's capabilities, we can accelerate our technology rollout but also specifically target certain solutions by incorporating real-time feedback from existing customers around the globe. Leveraging this position, we can consolidate our Molecular Farming platform and lower the cost of protein-rich foods as we drive functionality, nutrition, and affordability for the up-and-coming economies of the world," he finished.

The transaction contemplates acquiring 100% of ValoraSoy in exchange for $6 million, of which ~$2.5 million is paid in cash, and the rest is paid with Moolec's shares in three years based on vesting and business metrics. Pursuant to the share purchase agreement, the Company will retain a portion of the purchase price for a period of 12 months after signing of the transaction documents. The payment in shares is subject to vesting and the achievement of business milestones over a period of three years.

Moolec will give a Business Update in Mid-May to review the overall progress of the Company and the most recent events. For more information on ValoraSoy, click here. https://pr.report/vDljhCca

About Moolec Science SA

Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company'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 safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, 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 www.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 Science S.A. ("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 Form F-1 Registration Statement 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
Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Martin Taraciuk
Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files
https://cdn.newswire.com/files/x/2e/4f/a161cc02bf67fbb809ea3bc328f3.pdf

SOURCE: Moolec Science

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sri Trang Agro-Industry Founder Somwang Sincharoenkul Passes on at 97

BANGKOK, Mar 3, 2023 – (ACN Newswire) – Mr. Somwang Sincharoenkul, founder of Sri Trang Agro-Industry PCL (STA), the parent company of Sri Trang Gloves (Thailand) (STGT), has passed away peacefully at his home in Trang province, Thailand, on 27 February 2023. He was 97.

Sri Trang Agro-Industry Founder Somwang Sincharoenkul Passes on at 97

A luminary in the Thai rubber industry, Mr Somwang founded STA in 1987, and was instrumental in establishing the strong foundations for the Group's growth. Under his visionary leadership, STA has grown from its early days as a producer of ribbed smoked sheets in Hat Yai, to become the world's leading fully integrated natural rubber company with approximately 7,200 hectares of rubber plantations across 19 provinces in Thailand. The Group is also the world's largest producer of midstream natural rubber products, technically specified rubber (TSR), ribbed smoked sheets (RSS) and concentrated latex. STA went public on the Stock Exchange of Thailand (SET) in 1991, and successfully sought a secondary listing on the Singapore Exchange (SGX) in 2011. It currently has a market capitalization of about THB39.55 billion (SGD1.51 billion).

STA marked its expansion into the glove production business with the establishment of STGT in 1989. STGT was listed on the SET and made its debut on the SGX in 2021. The company has a market capitalisation of about THB31.80 billion (SGD1.22 billion) and ranks among the world's largest producers of latex and nitrile gloves today.

Mr Somwang retired as Chairman of STA, and was succeeded by his son Dr Viyavood, in 2010. He continued to serve as Sri Trang Group's honorary advisor until 2023. Mr Somwang is survived by four children, 11 grandchildren and three great grandchildren.

Mr Somwang's casket is currently lying at Kuanwisade Temple in Thap Thiang Sub-district, Mueang District, Trang Province. The itinerary of the Merit Making, Abhidhamma Chanting and Cremation Ceremony is as follows:

28 Feb (Tuesday) 03.00pm Bathing ceremony Abhidhamma chanting ceremony
1 March (Wednesday) 07.00pm Abhidhamma chanting ceremony
2 March (Thursday) 07.00pm Abhidhamma chanting ceremony
3 March (Friday) 07.00pm Abhidhamma chanting ceremony
4 March (Friday) 07.00pm Abhidhamma chanting ceremony
5 March (Saturday) 10.00am Buddhist sermon,
10.30am Buddha's Mantra Chanting, Offering food to the monks for lunch
12.00pm Matika Chanting and Bangsukun Chanting;
01.00pm Body to be taken around the temple's crematorium

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri Trang Agro-Industry PCL
For additional information, please contact: Wasana 'Jeab' Wongsiri
T: +66 84 359 0659, +66 2 612 2081 ext.131; E: wasana.w@mtmultimedia.com

Sri Trang Agro-Industry PCL (STA), https://www.sritranggroup.com/en/home
[SET: STA; STA-R; STA/F] [SGX: NC2; STA] [XTR: YTAA] [OTCPK: SRGPF]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SwarmFarm Robotics Raises $12M AUD Series A to Put Integrated Autonomy in the Hands of Growers

GINDIE, QUEENSLAND, AUSTRALIA, Feb 15, 2023 – (ACN Newswire) – SwarmFarm Robotics today announced it has raised a $12 million AUD Series A ($8.3 million USD) to develop and grow the Integrated Autonomy category in agriculture through the versatile SwarmBot platform and a breakthrough operating system network, SwarmConnect, that enables developers to create an array of innovative applications for users of the autonomous platform.

"There is enormous demand for autonomy in agriculture, but today, most solutions unlock minimal potential," said SwarmFarm CEO Andrew Bate. "The current equipment providers believe that farmers just want to be plucked from the cab or replaced by robotic arms. We believe that farmers want more. They want a technology ecosystem built to address the issues in their locality, a farm-centric system that leaves the lowest possible footprint on their fields, helping them do more with less. They want Integrated Autonomy, so that's what we're building."

The team at SwarmFarm defines Integrated Autonomy as a new approach to autonomy on-farm that unlocks the full potential of driverless technology by providing specialty robotics solutions with an open platform to develop on.

"While many companies are making driverless tractors and developing niche robotics solutions in agriculture today, we believe that there is a third category of autonomy that combines the robot and the application within a development framework that will allow farmers to customize their equipment for their needs and allow developers to bring their innovations to life much more rapidly," said Bate. "It's the best of both worlds. For the farmer, we provide customized autonomy in a box. For the developer, we provide a streamlined path to the grower with a tight feedback loop."

The company's Series A funding round was led by Emmertech, an AgTech fund from Conexus Venture Capital based in Canada. The funding also sees new investment from Tribe Global Ventures and Access Capital. Also joining the round are SwarmFarm's existing investors, including Tenacious Ventures, and GrainInnovate, the Grains Research and Development Corporation (GRDC) venture capital fund managed by Artesian.

"We are thrilled to be joining Andrew, Jocie, and the whole SwarmFarm team as they pioneer the future of autonomous agriculture," said Sean O'Connor, Managing Director of Emmertech. "The key trait that drove our eagerness to lead this round was the farmer-centric approach this team is built around and the truly exceptional results their robots have achieved. We met with several farmers who were putting upwards of 3,000 hours a year on their SwarmBot, often leaving them out in the fields for over 24 hours at a time. We believe there's a future where SwarmBots can be found on farms across North America and worldwide."

SwarmFarm announced last year that SwarmBots had successfully been deployed to farmers who covered over 1.3 million commercial acres, operated for 64,000 hours, and reduced pesticide inputs by an estimated 780 tons.

"We are proud to support the team at SwarmFarm as they unlock the potential of Integrated Autonomy in agriculture," said Fernando Felquer, Head of Business Development at GRDC. "What makes SwarmFarm so attractive to us is that the founders are Australian grain growers developing autonomous solutions from the ground up with Australian farming systems in mind, and the technology has global application."

Born on the Bate's family farm in rural Queensland, SwarmFarm exists to solve a complex problem set many farmers are facing around the world today: how to grow better crops and the optimal amount of food on their land without putting down excessive amounts of chemicals or acquiring larger and larger equipment.

"We hit a point where we just said enough is enough," said Bate. "We saw our input costs increasing, our equipment costs rising as we bought larger equipment, our dependence on pesticides rising, and our yields declining despite it all. There was a day when we sat down and realized that this wasn't an equation that needed incremental change; we needed an entirely new farming system – and SwarmFarm was the solution."
The SwarmFarm team saw a future where developers could create specialized tools that could be attached to swarms of small, nimble, autonomous robot platforms that create new farming practices through facilitating collaboration between farmers and technologists – laying the groundwork for the SwarmConnect product.

"We envision a future where the most promising minds in technology are encouraged to turn toward solving the challenges faced by modern agriculture," Bate continued. "We also believe in a future where there is no longer such a severe distinction between farmers and technologists, but rather a new breed of farmer-technologists. This funding helps us to move toward that future by meeting more of the global demand for our product and facilitating the growth of our SwarmConnect network of developers."

Today, SwarmFarm serves customers across Australia and works with some of the most innovative farm equipment developers, including WEED-IT, Bilberry, Weedseeker, Hayes Spraying, Rasmussen Brothers Engineering, Goldacres, and Croplands.

"It is critical that we put tools into our farmers' hands that help them do more with less. This is key to a climate resilient, profitable future for agriculture," said Sarah Nolet, Co-Founder & Managing Partner at Tenacious Ventures. "With their background in farming, the team at SwarmFarm has been able to see around some of the corners on the road to autonomy and anticipate the needs of the growers they serve. We look forward to continuing to work with them as they unlock more productivity and sustainability in agriculture through their unique approach to Integrated Autonomy."

SwarmFarm's unique approach to autonomy resonates with its customers, resulting in consistent and continued growth. The team will hire for roles in their Queensland and New South Wales offices to support this growth.

"The future of agriculture is happening now, but there is no way that one company can really invent everything needed to revolutionize agriculture," Bate said. "We need the smartest minds from around the world working on this; We need an army of developers solving agriculture's problems one app at a time. So come join us as a partner and help deliver the revolution that agriculture needs!"

"My Dad Used to Drive a Tractor"

Founded in 2015 near Emerald, Queensland, SwarmFarm Robotics is pioneering the development and use of intelligent robotics in Australian agriculture through Integrated Autonomy. This entirely new approach to autonomy on-farm provides more than another driverless system or a niche robotics solution; Integrated Autonomy puts the farmer's needs first and creates a technology ecosystem around them to help save time, resources and energy while optimizing for profitable and sustainable growth.

We have now successfully covered 1.3 million commercial acres, 64,000 hours of operation, and have reduced pesticide inputs by an estimated 780 tons with our autonomous robots. Learn more about SwarmFarm here. https://www.swarmfarm.com/

CONTACT
Dan Schultz
dan@schultzcollaborative.com
952.356.2646

SOURCE: SwarmFarm Robotics

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sri Trang introduces new Super Driver jobs for traditional natural rubber planters

BANGKOK, Dec 6, 2022 – (ACN Newswire) – Sri Trang Agro-Industry Plc. (SET: STA), the world's leading fully integrated natural rubber company, has opened registration for "Super Drivers" to create extra income for rubber planters from a secondary career as rubber transporters, building a rubber delivery network from plantations to factories in the Sri Trang Group. This will connect stakeholders in the rubber industry ecosystem, and drive the industry towards digitalization.

Mr. Veerasith Sinchareonkul, President & Executive Director of Sri Trang Agro-Industry (STA) explained that following the Company's launch of "Sri Trang Friends", the first App. to combine support services for farmers, trading partners, and related services across the digital platform, recently expanding with the new "Sri Trang Friends Station" App, which offers a rubber sales and trading platform, and allows interested natural rubber planters across the country to apply for membership, facilitating a more transparent and professional rubber trading business. This is a major development that will propel the Thai rubber industry towards digitalization, connecting networks of stakeholders across the natural rubber industry ecosystem in Thailand.

Most recently, the Sri Trang Group initiated the new "Super Driver" service, "heroes" to fellow farmers, providing rubber delivery services to Sri Trang rubber factories for fellow rubber planters who may be constrained by distance. The "Super Drivers" will pick up the rubber from plantation owners who require this service, then deliver the products to Sri Trang factories, thus alleviating the problems associated with approaching the factories and the delivery of rubber. Initially, the program is being launched as pilot projects in Loei and Ubon Ratchathani provinces, and will soon be introduced throughout the country.

The main differences that makes the "Super Driver" model special are the approach and the application process. The main target groups are the rubber planters, or those with families in the rubber plantation or rubber delivery business, with their own delivery trucks, who would like to earn extra income, and be ready to represent the senders and various types of natural rubber, such as fresh latex, cup lump rubber, raw rubber sheets and ribbed smoked rubber sheets from plantations in nearby vicinities, to be delivered to factories in the Sri Trang Group. The main purpose of "Super Driver" recruitment is to create an additional income stream for rubber planters and their relatives, along with helping rubber planters with direct access to the factories, as if having the factories right on the gates of their plantations. This is also in line with the Company's policy to conduct its businesses sustainably by caring for the stakeholders in all sectors.

There are no application fees for the applicants. Moreover, they will receive the following benefits: 1) The ready-for-use POS with the downloaded App., 2) A floor-stand weighing scale, and 3) A gift set for Super Drivers, etc. Income from the delivery of rubber to the factory plus the diligence bonus for each "Super Driver" is expected to amount to approximately 18,500 baht per month.

"Our big mission is to create an additional income stream for people in and around rubber plantations by their becoming Super Drivers so they can elevate their quality of life. In addition, the model will provide easy access and opportunities for plantations that are located far away, to access the factories more readily, while connecting all the people involved in the rubber industry ecosystem through the App. which has been specially developed by the Company. In the near future, the "Sri Trang Friends" and "Sri Trang Friends Station" Apps that support the two groups of users – rubber traders and the Super Drivers – will have some connected functions that are aimed at positive and sustainable development towards the "Sri Trang Friends Ecosystem", Mr. Veerasith concluded.

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri Trang Agro-Industry Plc.
For additional information, please contact: Wasana 'Jeab" Wongsiri
T: +66 84 359 0659, +66 2 612 2081 ext.131; E: wasana.w@mtmultimedia.com

Sri Trang Agro-Industry Plc. https://www.sritranggroup.com/en/home
[SET: STA; STA-R; STA/F] [SGX: NC2; STA] [XTR: YTAA] [OTCPK: SRGPF]

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sri Trang introduces an alternative job “Super Driver” to traditional natural rubber planter

BANGKOK, Nov 23, 2022 – (ACN Newswire) – Sri Trang Agro-Industry PCL (SET: STA) opens Aappplications for whom is interested to become "Super Drivers", creatipng a secondary career and extra income for rubber planter and building rubber delivery network from plantations to factories of the Sri Trang Group. In order to connect all stakeholders in the rubber industry ecosystem and for STA to play a part in the drive towards the digital age.

Mr. Veerasith Sinchareonkul, Managing Director & Executive Director of Sri Trang Agro-Industry PCL (SET: STA), one of the world's biggest leaders in the integrated natural rubber business, revealed that following the Company's launch of the "Sri Trang Friends" Application, which was the first and the main Application that integrated various services to support plantation owners and trading partners, as well as other related services through the digital system, until recently when the new "Sri Trang Friends Station" was launched as the rubber trading program to allow interested natural rubber planters across the country to apply to join, to facilitate a more transparent and professional rubber trading business. This is a major development that will propel the Thai rubber industry towards the digital age, connecting all the people involved in Thailand's natural rubber industry ecosystem.

Most recently, the Sri Trang Group initiated the new "Super Driver" model, acting as "heroes" of the rubber planters to provide rubber delivery services to Sri Trang rubber factories for fellow rubber planters who may be constrained by distance. The "Super Drivers" will pick up the rubber from plantation owners who require this service and then deliver the products to Sri Trang factories, thus alleviating the problems associated with approaching the factories and the delivery of rubber. Initially, the program is being launched as pilot projects in Loei and Ubon Ratchathani provinces and will soon be introduced throughout the country.

The major differences that makes the "Super Driver" model special are the approach and the application process. The main target groups are the rubber planters or those with families in the rubber plantation or rubber delivery businesses with their own delivery trucks and who like to earn extra income while being ready to be the representatives for delivery, and collect various types of natural rubber, such as fresh latex, cup lump rubber, raw rubber sheets and ribbed smoked rubber sheets from plantations in nearby vicinity to be delivered to factories in the Sri Trang Group. The main objective of the "Super Driver" recruitment is to create an additional income stream for rubber planters and related people, along with to help the rubber planters to have direct access to the factories as if having the factories located right on the gates of their plantations. This is also in line with the Company's policy to conduct its businesses sustainably by caring for the stakeholders in all sectors.

There are no application fees for the applicants. Moreover, they will receive the following benefits : 1) the ready-for-use POS with downloaded Application; 2) a floor-stand weighing scale; 3) A gift set for Super Driver, etc. The income from the delivery of rubber to the factory plus the diligence bonus for each "Super Driver" is expected to approximately amount to18,500 baht per month.

"Our big mission is to create additional income stream for people in and around rubber plantations by they becoming 'Super Drivers' so they can elevate the quality of life. In addition, the model will provide easy access and opportunities for plantations that are located far away to be able to access the factories more readily while connecting all the people involved in the rubber industry ecosystem through the Application that has been developed by the Company. In the near future, the 'Sri Trang Friends' and 'Sri Trang Friends Station' Applications that support the two groups of users – rubber traders and the 'Super Driver' applicants – will have some connected functions that are aimed to be a positive and sustainable development towards the 'Sri Trang Friends Ecosystem'", Mr. Veerasith concluded.

Visit Sri Trang Gloves PCL (SET: STGT) (SGX: STGT) at https://www.sritranggloves.com/en.

Released for Sri Trang Gloves PCL by MT Multimedia Co Ltd
Wasana "Jeab" Wongsiri, T: +66 (0) 84 359 0659, +66 (0) 2 612 2081 ext. 131; E: wasana.w@mtmultimedia.com

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The GrowHub Innovations Company and Tangobar Announce Partnership for Sustainable Regional Community Development and ASEAN market penetration

SINGAPORE, Nov 21, 2022 – (ACN Newswire) – The GrowHub Innovations Company ("The GrowHub"), Asia Pacific's only Web 3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, announced its strategic partnership with Kyoto's leading craft canning producer and food experience provider Tangobar LLC. ("tangobar"). Tangobar is committed to the development of canned foods using local agricultural and marine products as well as food promotion events. The GrowHub will be providing its proprietary Web-3 technology to Tangobar to support the sustainable development of the local community in Kyoto Prefecture (Kyoto by the Sea) and the penetration of its products in the ASEAN market.

Tangobar Food Education Program – Oyster

Kumihama Bay

With a goal of maximizing local food resources, knowledge, and techniques to promote the diversity of Kyoto's rich landscape, Tangobar seeks to create a harmonious relationship between food producers and consumers to develop a sustainable food culture that is beneficial for all. The GrowHub's mission of fostering sustainable and conscious trade and providing authentic food that consumers can trust via Web-3 technology aligns with Tangobar's efforts to contribute to the local environment and communities.

The GrowHub's unique blockchain solution, which enables direct two-way communication with consumers, will enable Tangobar to tell the rich story of its products and the local community in northern Kyoto while providing them the insights needed to expand and create demand for their product offerings among ASEAN consumers. By creating demand for food experience programs and local food processing, Tangobar hopes to contribute to new employment opportunities and sustainable economic growth in the region.

Dr. Daiki Nakaoka, the Country Head of The GrowHub Japan shared, "We are very pleased to partner with Tangobar, which contributes to the sustainable development of local communities. While many rural areas in Japan have wonderful food resources, they are faced with the challenges of increasing employment opportunities for locals and re-innovating food experience programs with environmental considerations. This partnership significantly enhances the opportunities for local communities to thrive in ASEAN in a sustainable manner."

According to the ASEAN Food and Nutrition Security Report 2021, the shift in food retailing is resulting in increased consumption of unhealthy foods and diminishing the often critical role of informal traders in meeting the food and nutrition needs of communities. It is crucial for food producers to showcase transparency and provide extensive background on ingredients/products to end food consumers. By scaling-up sustainable agricultural practices in ASEAN, The GrowHub supports the livelihoods of small-scale food producers, while helping curb carbon gas emissions to push back impending catastrophe.

Mr. Naoya Seki, Founder, and CEO of Tangobar mentioned, "The GrowHub is a key player in distributing products that contribute to the development of a sustainable environment and society in ASEAN. It is beyond challenging to scale local food resources to potential consumers beyond Japan. As such, The GrowHub comes in as a bridge to enable us to communicate directly with ASEAN consumers. Through this, we are better able to tailor our products according to the needs and demands of new audiences. We are looking forward to our strong partnership with The GrowHub and future roadmaps for consumers to visit our production facilities in Kyoto."

With the mission of "bringing consumers and producers closer together", Tangobar commits to utilise local food resources, food knowledge, and techniques to improve the holistic well-being of people and nature. Moving forward, The Growhub will continue to strengthen Tangobar's food offerings in the landscape and contribute to the sustainable development of local food communities in ASEAN.

About The GrowHub Innovations Company

The GrowHub Innovations Company (www.thegrowhub.co) is Asia Pacific's only Web 3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. The GrowHub has strong and exclusive relations with the government bodies in Western Australia and Singapore – Food Innovation Precinct Western Australia (FIPWA) and PEEL Development, Shire of Murray. Currently, in eight markets across Australia and Asia Pacific, The GrowHub offers access to trusted premium products at affordable rates through the development of new agri-food and blockchain technologies emerging from our innovation centre at FIPWA. With the capital, network, and expertise, we use technology to improve the experience of "farm-to-fork". From crunching data to enable producers to improve yields, to leveraging statistics to enable better transportation of produce, to the information on the quality of food you pay for at the table, our blockchain technology allows for full food traceability across the supply chain – so that you can trust in the food you eat. To find out more about GrowHub please visit: https://thegrowhub.co/

About Tangobar

Tangobar is a company engaged in the development of canned and other processed foods, and food experience programs, mainly in the Kyoto by the Sea area. With the MISSION of "bringing consumers and producers closer together", tangobar is engaged in the business of delivering the attractiveness of local foods by utilizing local food resources, food knowledge, and techniques. In rural areas such as the Kyoto by the Sea area, there is nature such as oceans and mountains that nurtures rich foods that are not found in urban areas. Many food producers in these areas benefit from that nature. What we want to convey is the story that nature and people mutually create by the time the food reaches our mouths. By communicating these stories, we aim to create a relationship between the people who produce the food and the people who eat it. We believe that this relationship will lead to a sustainable food environment that is healthy for both people and nature, where the people who eat the food, the people who produce the food, and nature all care for each other. To find out more about Tangobar please visit: https://www.tangobar.co.jp/

For Media Enquires, Please Contact:
PRecious Communications for GrowHub
growhub@preciouscomms.com

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PLS seals exclusive distributorship with China’s COFCO

KUALA LUMPUR, Nov 15, 2022 – (ACN Newswire) – PLS Plantations Berhad trading and export subsidiary, Dulai Fruits Enterprise Sdn Bhd cemented their export and exclusive distribution agreement with COFCO Food Import Co. Ltd, the import and distribution subsidiary of China Oil and Foodstuffs Corporation (COFCO) in Shanghai.

Back (L-R): Ms Zhengfeng, Mr. Eric Chan, CEO of Dulai Fruits, Ms. Wu Yiran, Vice General Manager of COFCO Food Import Co,. Ltd, Mr. Qiao Qingsong, Assistant General Manager of COFCO Food Import Co., Ltd; Front (L-R): Mr. Kenny Loh, Sales Director of Dulai Fruits, Mr. Jiao Guangyun, General Manager of Fruit Division of COFCO Food Import Co., Ltd

COFCO is China's leader in the agricultural and food industry and a world leading agri-product trader with a global footprint with fully integrated value-chain. It is also China's largest food processor, manufacturer, and trader.

The agreement was formalised in Shanghai, China.

This exclusive distribution agreement was inked after months of extensive engagements and evaluation by COFCO. This further re-enforced PLS's track record and commitment to developing sustainable models in support of the Malaysia's food security programme, that aims to scale the production of agriculture and aquaculture produce through strategic partnerships and joint-ventures with established and experienced farms and farmers.

PLS is a public-private-partnership (PPP) company which has a long history in co-operating with the State and Federal Government, and its related agencies. The major shareholder of PLS has worked with the Federal Land Development Authority (FELDA) since 1974 and also other land development and plantation agencies responsible for working with rural communities in the form of small holder farms. Part of PLS's food security programme is to foster the planting of different cash crops such as oil palm, rubber, paddy, cocoa to forest plantations, and promote related economic activities such food processing.

Present for the signing of the agreement today at Shanghai are Ms. Wu Yiran, the Vice General Manager of COFCO Food Import CO., Ltd, whilst Mr Eric Chan, CEO of Dulai Fruits are on site as representatives of the Group.

Ms. Wu Yiran of COFCO said, "The demand for durian in China has been growing over the years, where in the span of four (4) years between 2017 and 2020, China's annual import value of fresh durian has increased more than threefold. In fact, the General Administration of Customs saw the People Republic of China (PRC) importing 822 million kilogrammes of durian in 2021, which translates to an import value of $4.2 billion. With the local demand for fresh durian likely to continue increasing, we pleased to finalise this exclusive distributorship agreement which this partnership will ensure a steady supply of fresh, high-quality fruit and products, specifically for unique varieties of durian that can only be grown in Malaysia such as Musang King, Red Prawn, and D24, to name a few.

PLS is the only listed company in Malaysia that is sponsoring the food security programme and owns durian plantations. Dulai Fruit, a GTC certified company by PRC and is one of the pioneers certified to export durian from Malaysia to China. In addition, Dulai Fruits also has a noteworthy track record as a major processor and exporter of durian to China, especially their experience and expertise in developing frozen durian products and deep industry experience in cold chain logistics and warehousing.

With this exclusive distribution partnership, both PLS and COFCO aim to achieve an annual growth rate of 30% (annual import volume of 200 million yuan) in all types of durian imported from Malaysia over the next three (3) years.

This will lay a good foundation for bilateral investment in agriculture between the two parties moving forward, and together the two countries – China and Malaysia – will make proactive contributions to the development of the Belt and Road Initiative.

Lee Hun Kheng, Group CEO of PLS said, "We have been working with COFCO prior to the pandemic and are pleased to be certified under China's rigorous quality and food safety requirements. China's emphasis on food security sets a high bar in terms of quality from its suppliers globally. This agreement is a significant milestone for PLS as it further established our long-term strategy to develop a comprehensive, end-to-end agrofood ecosystem that will support the production, processing and distribution of our products locally and internationally."

Lee added, "Through COFCO, Malaysia's durian will be distributed to China's most populous cities and provinces, reaching a potential audience in Beijing, Shanghai, Guangzhou and Shenzhen. This milestone is another step towards our goal to be a leading agrofood producer in which, our fresh, high quality durian fruit and products forms the backbone."

"This will also be an opportunity for PLS to distribute Malaysian produce to China and the world, whilst ensuring that Malaysians continue to have access to affordable, quality produce. We are looking forward to putting Malaysia on the global map in terms of our local produce, especially our unique durian varieties, and to grow Malaysia's durian market share in one of the world's largest countries and markets. We are working hard to ensure that we meet the booming food and durian demand in both China and Malaysia, and are also optimistic that this partnership will be one of the many we will establish as we continue our expansion into different cash crops", Lee said.

Eric Chan, CEO of Dulai Fruits said, "We are very excited to be here and to co-operate with COFCO and COFCO Food to increase the access to, and availability of Malaysia's unique durian offerings across the different provinces in China to cater to rising demand. Prominent varieties such as Musang King, Tekka, and Black Thorn, among others, are unique to Malaysia due to our country's climate, rainfall patterns and water source to its distinct soil composition around our Titiwangsa mountain range."

Eric added, "This environment and geographical combination enable different durian varieties to thrive and produce the exceptional unique tastes and flavours that our high-quality Malaysian durians are increasingly known for. We are confident that this partnership will open more opportunities for Dulai Fruits to offer new and innovative products that will fortify Malaysia's position as the producer of top-quality durians globally."

COFCO, founded in 1949, is the leader of the agricultural and food industry in China, and one of the world's leading agri-product traders. COFCO's unique advantages in global distribution, fully-integrated value chain, and agricultural innovations, as well as its seat in the world's largest emerging market make it one of the world's leading agribusinesses, ready to build even more stable food corridors between major production areas and emerging markets.

PLS Plantations Berhad: 9695 / [BURSA: PLS], https://plsplantations.my/

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The Growhub Innovations Company Announces Joint Project with Koufuku Group to Explore Asean Market Penetration

SINGAPORE, Sep 2, 2022 – (ACN Newswire) – The GrowHub Innovations Company ("The GrowHub"), Asia Pacific's only Web3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, and KOUFUKU GROUP, a Japanese food company with over 50 years of history, have signed an MoU partnership for a joint project on market penetration using The GrowHub's proprietary Web3 technology.

This partnership will further enhance Japan's food traceability for Japanese consumers by enabling access to blockchain-driven technology solutions. The GrowHub's Web3 technology provides food manufacturers with an evidence-based understanding of the conditions necessary for market penetration of their products in the ASEAN market. In addition, GrowHub can also help food companies meet market penetration requirements.

Dr. Daiki Nakaoka, the Country Head of GrowHub Japan, said, "The ASEAN market, which is expected to grow significantly, is attractive to many food manufacturers. However, the question and challenge of whether and how to gain acceptance of their products in that market is always a hurdle that is not low for food manufacturers to expand. This project would be one example that GrowHub's unique Web3 technology demonstrates it can answer such questions to the food manufacturers and help them solve such challenges.

To ensure safety, provenance and traceability, GrowHub uses a proprietary blockchain-enabled technology platform that provides rich data-driven insights to agrifood producers and third-party solution providers by allowing partners to integrate directly into an existing system through GrowHub APIs. The information recorded on the blockchain is secure and non-reversible giving true transparency to the ecosystem.

About The GrowHub Innovations Company

The GrowHub Innovations Company ( www.thegrowhub.co ) is Asia Pacific's only Web 3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. The GrowHub has strong and exclusive relations with the government bodies in Western Australia and Singapore – Food Innovation Precinct Western Australia (FIPWA) and PEEL Development, Shire of Murray. Currently in eight markets across Australia and Asia Pacific, The GrowHub offers access to trusted premium products at affordable rates through the development of new agri-food and blockchain technologies emerging from our innovation centre at FIPWA. With the capital, network and expertise, we use technology to improve the experience of "farm-to-fork". From crunching data to enable producers to improve yields, to leveraging statistics to enable better transportation of produce, to the information on the quality of food you pay for at the table, our blockchain technology allows for full food traceability across the supply chain – so that you can trust in the food you eat.

About KOUFUKU GROUP

KOUFUKU GROUP was founded in 1968 as a rice shop and has been supporting food, beauty, and health in Japan for more than 50 years. Amidst growing social awareness of food safety and security, we have been aiming to create new value as a manufacturer that consistently provides delicious and safe food products, supports consumers' eating habits, and maximizes the any further potential of food products. Furthermore, we also engages in businesses that focus on the happiness and future of people by developing high-quality health and beauty products and researching biomass for the beauty and health as well as the creation of a sustainable society. Under the corporate identity of "Science Materials and Create Happiness," our business activities aim to realize a sustainable society, an extension of healthy life expectancy, a beautiful and glowing lifestyle, a safe and renewable food distribution, and carbon neutrality by the year 2030.

To find out more about GrowHub please visit: https://thegrowhub.co/

For Media Enquires, Please Contact:
PRecious Communications for GrowHub
growhub@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com