PURE Bioscience Provides Update: Expanding Use of PURE Control® Antimicrobial in Produce Processing; Expanding Use of PURE® Hard Surface Disinfectant
SAN DIEGO–(BUSINESS WIRE)–$PURE #PURE–PURE Bioscience, Inc. (OTCQB:
PURE), creator of the patented non-toxic silver dihydrogen citrate (SDC)
antimicrobial, provided an update on the expanded use of FDA
approved PURE Control® antimicrobial for application directly onto
produce during processing and the expanded use of PURE Hard Surface
disinfectant.
PURE Control – Produce Update
The first customer for PURE Control, Taylor Farms, is North America’s
largest supplier of salads, fresh-cut vegetables and healthy fresh
foods. It serves leading customers in the foodservice, retail produce,
and retail deli segments of the fresh business.
-
In the fall of 2017, Taylor Farms began a pilot test applying PURE
Control as an added intervention step on one processing line in its
Salinas, CA, plant to eliminate pathogens causing foodborne illness,
including E. coli, Listeria, and Salmonella. -
The processor conducted extensive use validation studies (including
efficacy and organoleptic), on the way to evaluating the use of PURE
Control in its US processing plant network. -
Processors typically seek a 1 log reduction* in pathogens from an
intervention or processing aid. Testing at produce processors,
including Taylor Farms, consistently exceeded expectations, indicating
pathogen reductions averaging 3 logs – or 99.9%. -
Earlier this month, Taylor Farms expanded its use of PURE Control to a
second line in the first plant, initiated installation on multiple
lines in a second plant in Salinas, CA, and developed plans to expand
to a third plant in calendar Q2. These plants supply produce to
leading foodservice chains as well as to retailers.
*Log reduction is a mathematical term used to show the relative
number of live microbes eliminated from a surface by disinfecting or
cleaning. A 2-Log reduction can be best illustrated as having two zeros,
meaning the number of germs is 100 times smaller.
A growing number of produce processors continue to be in various stages
of testing PURE Control, and testing results to date have been positive.
These processors supply fresh and/or frozen produce. The sales cycle for
PURE Control for each customer will continue to involve varying amounts
of validation and optimization testing by those customers.
The Company estimates that sales of PURE Control to the average produce
processing plant can generate approximately $1 million in annual sales
per plant/year.
Expanding Use – PURE Hard Surface
Food Transport
-
As previously announced, PURE’s new truck sanitization solution (using
PURE® Hard Surface disinfectant) is being rolled out by one of the
largest foodservice distribution companies. -
Several other large food transport companies are in various stages of
testing.
Restaurants
-
Beginning early in calendar Q2, use of PURE Hard Surface will be
rolled out by a blue chip national casual dining chain.
Processing/Manufacturing
-
In addition to PURE Control, Taylor Farms has been PURE’s leading
adopter of PURE Hard Surface for environmental and surface
disinfection in its processing plants, and is currently using it in a
growing majority of its 14 plant network. Within each plant,
additional applications are being added regularly (including the
Company’s food transport sanitization solution). -
The Company continues to on board additional food
processing/manufacturing plants (most recently two household name
national brands) while expanding applications within its customer
portfolio of 70+ food processors.
Hank
R. Lambert, CEO of PURE, said, “While slower than first anticipated,
the validation that comes from industry leading Taylor Farms expanding
the use of PURE Control gives us confidence that our revenue growth will
accelerate. We believe this is the start of our meaningful penetration
into the $300+ million US produce processing aids market.
“In addition, because of Taylor Farms preeminence, we believe its
validation of PURE Control will encourage others in the produce
processing industry to move more quickly.
“We are also encouraged by the growing momentum for PURE Hard Surface
among food transport companies, food processors and restaurant chains,”
concluded Lambert.
About PURE Bioscience, Inc.
PURE Bioscience, Inc. is focused on developing and commercializing our
proprietary antimicrobial products primarily in the food safety arena —
providing solutions to the health and environmental challenges of
pathogen and hygienic control. Our technology platform is based on
patented stabilized ionic silver, and our initial products contain
silver dihydrogen citrate, or SDC. SDC is a broad-spectrum, non-toxic
antimicrobial agent, which offers 24-hour residual protection and
formulates well with other compounds. As a platform technology, SDC is
distinguished from existing products in the marketplace because of its
superior efficacy, reduced toxicity and it mitigates bacterial
resistance. PURE is headquartered in El Cajon, California (San Diego
metropolitan area). Additional information on PURE is available at www.purebio.com.
Forward-looking Statements
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and uncertainties
that could cause our actual results to differ materially from any
forward-looking statements. Factors that could cause or contribute to
such differences include, but are not limited to, the Company’s failure
to implement or otherwise achieve the benefits of its proposed business
initiatives and plans; acceptance of the Company’s current and future
products and services in the marketplace, including the Company’s
ability to convert successful evaluations and tests for PURE Control
into customer orders and customers continuing to place product orders as
expected and to expand their use of the Company’s products and Taylor
Farms’ willingness to continue to roll out PURE Control throughout its
US processing plants; the ability of the Company to develop effective
new products and receive required regulatory approvals for such
products, including the required data and regulatory approvals required
to use its SDC-based technology as a direct food contact processing aid
in raw meat processing and to expand its use in OLR poultry processing;
competitive factors, including customer acceptance of the Company’s
SDC-based products that are typically more expensive than existing
treatment chemicals; dependence upon third-party vendors, including to
manufacture its products; the Company’s ability to raise additional
funds to support its operations; and other risks detailed in the
Company’s periodic report filings with the Securities and Exchange
Commission (the SEC), including its Form 10-K for the fiscal year ended
July 31, 2017 and Form 10-Q for the first fiscal quarter ended October
31, 2017. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. By
making these forward-looking statements, the Company undertakes no
obligation to update these statements for revisions or changes after the
date of this release.
Contacts
PURE Bioscience, Inc.
Hank Lambert, CEO
619-596-8600 ext.103
[email protected]
or
Bibicoff
+ MacInnis, Inc.
Terri MacInnis, VP of IR
818-379-8500
[email protected]
or
Redwood
Investment Group
Tom Hemingway
714-978-4425
[email protected]