Willow Biosciences, a biotechnology company focused on revolutionising industrial manufacturing of pure, consistent and sustainable functional ingredients, and Kalsec, a global producer of natural taste and sensory, food protection, colours and advanced hops ingredients for the food and beverage industry, have announced they are advancing their functional ingredient development program for a large volume savoury foods opportunity.
After a successful phase one feasibility programme that applied Willow’s BioOxi (trademarked) platform exceeded expectations, Kalsec has agreed to continue full development toward commercialization that includes additional R&D and scale-up work.
Willow expects to continue generating revenue from research fees and milestones, aligning with its strategic focus on near-term revenue generation on programs bringing commercial revenue in reasonable timeframes, with anticipated ongoing negotiation of commercial terms as the programme advances.
"We appreciate the trust Kalsec has in Willow to help with their innovation pathway and are delighted to partner with them on this next step in our engagement on ingredient development," said Dr Chris Savile, Willow's President & CEO. "Looking forward, we are excited by the opportunity to engage with Kalsec’s extraordinary team in bringing to market what could potentially be a number of sustainably sourced innovative ingredients that favourably enhance customers' products and the consumer experience."
Our team has identified a number of savoury food and beverage ingredient targets where we can potentially engage with Willow to help bring the best products possible to Kalsec’s customers with a keen focus on market-leading innovation and sustainability
- Roger Nahas, Executive VP of Global R&D and Chief Innovation Officer at Kalsec
"Willow has proven its capabilities repeatedly during our engagement over the last few months and we anticipate a long partnership as the result of our success working together," said Dr Roger Nahas, Executive VP of Global R&D and Chief Innovation Officer at Kalsec. "Toward that end, our team has identified a number of savoury food and beverage ingredient targets where we can potentially engage with Willow to help bring the best products possible to Kalsec’s customers with a keen focus on market-leading innovation and sustainability."