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The developer of ProteVin ™, a non-GMO vegan protein replacement and other innovative yeast-based nutrients, has entered into a commercial production agreement for ProteVin ™ with a sub-manufacturer, the Canadian company GFR Ingredients.
The company stated that the agreement will enable the production of ProteVin ™ with a commercial volume of tens of tons in 2022. This quantity allows the company to start commercial launch of ™ ProteVin in the US in the first half of 2022 and deliver orders already received, as well as provide significant samples to leading food companies in the world. Open for marketing in the US, Europe and other countries.
The agreement is a license to produce the protein only and does not include the transfer of ProteVin רוח intellectual property rights to GFR. This agreement with the subcontractor constitutes compliance with the third milestone that the company set for itself by the end of 2021. At the same time, and following the recent raising of NIS 25 million in capital, the company is preparing to increase its current production capacity to hundreds of tons per year.
Boaz Noy, CEO of Nextfarm, stated: “The production agreement with GFR is a third milestone the company has set for itself by the end of 2021, following the successful completion of a commercial production pilot and receiving orders from first customers earlier this year. GFR is a longtime sub-manufacturer of leading food brands in North America and around the world. For the start of production of our groundbreaking vegan protein, for commercial launch in the US and first supplies to the nutritional supplement industry in the first half of 2022, alongside accelerating business development and incorporating protein as a vegan raw material in the products of the world’s leading food players.
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