REG - Agronomics Limited - Launch of Cultivated Meat Pet Food Venture

AgronomicsAnnouncement

21/03/2022 08:15

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RNS Number : 4168F  Agronomics Limited  21 March 2022

21(st) March 2022

Agronomics Limited

("Agronomics" or the "Company")

 

Agronomics and Roslin Technologies Launch Pioneering

Cultivated Meat Pet Food Venture

 

Agronomics, the leading listed investor focused on cellular agriculture, and
Roslin Technologies Limited ("Roslin Technologies"), a food biotechnology
company, are excited to announce the launch of their first joint venture, Good
Dog Food Limited ("Good Dog Food"). Good Dog Food will develop a novel range
of healthy, eco-friendly pet food products made using cultivated meat.

Good Dog Food is an exclusive venture between Roslin Technologies and
Agronomics, focusing on pet food. Roslin Technologies is partially owned by
the University of Edinburgh and has preferential rights to IP from the Roslin
Institute, famous for Dolly the sheep, the world's first cloned adult
mammal(1).

Meat provides essential nutrients for companion animals, however, when
produced from livestock or fish, it is a major driver of climate change and
often results in the overexploitation of natural resources. Food for companion
animals accounts for almost a quarter of meat produced in the US(2), and in
the US alone it is estimated dog and cat food is responsible for 65 million
tons of CO(2)-equivalent methane and nitrous oxide(3).

The Company believes that many pet owners are looking for more sustainable
alternatives and cultivated meat can provide a healthy, ethical, and
sustainable source of meat for their pet's food. Cultivated meat is grown from
cells without the need to raise and slaughter animals and has the potential to
have a significantly lower environmental impact.

Roslin Technologies brings to the venture its world-leading animal cell line
technology, including its pluripotent stem cells that continuously self-renew
- ideal for cultivated meat production. In addition, Roslin Technologies'
privileged relationship with the University of Edinburgh provides the venture
with access to leading animal science and world-class research facilities and
capabilities.

Agronomics brings a network of passionate investors and cultivated meat
experts that will provide the expertise to build the venture. Led by CEO, Owen
Ensor, Good Dog Food will focus on the development, registration, and product
launch of healthy, eco-friendly cultivated meat pet food products. This will
reduce the use of live animals and can considerably reduce the environmental
footprint of pet food.

Jim Mellon, Executive Director of Agronomics and Chairman of Good Dog Food
said:-

"An untapped sector of the agricultural market is the production of pet food
via cellular agriculture. We are delighted to be able to announce our first
joint venture in the cultivated meat field, to focus on the production of
cultivated pet food.

As a dog owner I have been looking for high-quality meat alternatives to
provide to my dogs. Good Dog Food will do exactly that. It is even more
exciting to know that Good Dog Food may accelerate the introduction of
cultivated meat to the broader public."

Ernst van Orsouw, Roslin Technologies' CEO, adds:-

"We are very pleased to be launching this exclusive venture with Agronomics.
Combining our joint passion for a more sustainable world and our unique
complementary expertise will allow Good Dog Food to become the global leader
in cultivated meat-based pet food products and make a positive impact on the
food chain."

About Agronomics

Agronomics is a leading listed alternative proteins company with a focus on
cellular agriculture and cultivated meat. The Company has established a
portfolio of 20 companies at the Pre-Seed to Series C stage in this rapidly
advancing sector. It seeks to secure minority stakes in companies owning
technologies with defensible intellectual property that offer new ways of
producing food and materials with a focus on products historically derived
from animals. These technologies are driving a major disruption in
agriculture, offering solutions to improve sustainability, as well as
addressing human health, animal welfare and environmental damage. This
disruption will decouple supply chains from the environment and animals, as
well as being fundamental to feeding the world's expanding population. A full
list of Agronomics' portfolio companies is available
at https://agronomics.im/ (https://agronomics.im/) .

About Roslin Technologies

Roslin Technologies Limited is an ambitious food and agriculture technology
company which creates disruptive biotechnologies to improve how we make
proteins. Its core capabilities lie in generating animal cell lines and
resources for cultivated meat production. Roslin Technologies provides a
unique portfolio of cell lines to the global cultivated meat sector. The
company is partially owned by the University of Edinburgh and has preferential
rights to IP from the Roslin Institute, famous for Dolly the sheep, the
world's first cloned adult mammal.

 

For more information on the Cultivated Meat Pet Food Venture, please contact:

-     Owen Ensor, CEO, Good Dog Food, info@gooddogfood.com
(mailto:info@gooddogfood.com)

-     Jess Taylor, Marketing manager, Roslin Technologies,
jessica.taylor@roslintech.com (mailto:jessica.taylor@roslintech.com)

 

For further information please contact:

 

 Agronomics                         Beaumont              Cenkos                Peterhouse Capital

 Limited                            Cornish Limited       Securities Plc        Limited               TB Cardew
 The Company                        Nomad                 Joint Broker          Joint Broker          Public Relations
 Richard Reed                       Roland Cornish        Giles Balleny         Lucy Williams         Ed Orlebar

 Denham Eke                         James Biddle          Michael Johnson       Charles Goodfellow    Joe McGregor
 +44 (0) 1624 639396                +44 (0) 207 628 3396  +44 (0) 207 397 8900  +44 (0) 207 469 0936  +44 (0) 20 7930 0777

 info@agronomics.im (about:blank)                                                                     +44 (0) 7738 724 630

                                                                                                      agronomics@tbcardew.com (about:blank)

 

Ends

 

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Sources:

(1)See Roslin Technologies (https://roslintech.com/)

(2)dogs and cats consume about 25 per cent of the total calories derived from
animals in the United States, University of California.
https://www.sciencedaily.com/releases/2017/08/170802142835.htm

(3 )Article Source: Environmental impacts of food consumption by dogs and
cats

Okin GS (2017) Environmental impacts of food consumption by dogs and cats.
PLOS ONE 12(8): e0181301. http://doi.org/10.1371/journal.pone.0181301
(http://doi.org/10.1371/journal.pone.0181301)

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