Smbolagsjakten 06.03.2019 OptiFreeze in brief OptiFreeze AB has a - - PowerPoint PPT Presentation

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Smbolagsjakten 06.03.2019 OptiFreeze in brief OptiFreeze AB has a - - PowerPoint PPT Presentation

Sep 30, 2023 35 likes •195 views

Smbolagsjakten 06.03.2019 OptiFreeze in brief OptiFreeze AB has a patented technology that preserves the taste, shape and texture of vegetables, fruits and berries throughout the freezing and thawing process. This technology enables OptiFreeze

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Småbolagsjakten 06.03.2019

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OptiFreeze in brief

  • Founded in 2011 by scientists at Department of Food Technology, University of Lund (LU Innovation) and Arc

Aroma Pure AB

  • Based on patented research (EP2201084B1; US8563060 - Method for the Conservation of Plant Material)
  • Listed at Spotlight Stock market since June 2014
  • Located in Lund with 8 employees

OptiFreeze AB has a patented technology that preserves the taste, shape and texture of vegetables, fruits and berries throughout the freezing and thawing process. This technology enables OptiFreeze to improve the shelf life of vegetables, fresh cut fruits, flower cuttings and other plants. The same technology can be used to dry fruits, vegetables, herbs and spices aiming to reduce the drying time while preserving the fresh-like taste, smell and color. The technology opens new business opportunities for food and plant propagation industry all around the world.

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Basic principles of the process

Innovative Method involves two steps:

1) Vacuum Infusion 2) Pulsed Electric Field (PEF)

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Benefits of OptiFreeze technology

Increase quality of products Prolonged shelf life Aroma, color and taste preservation Improve growing performance Speed up drying Reduce waste, save energy, time and goods

Control Treated Control Treated

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Business idea

  • Our offering
  • Production line, OptiCeptTM
  • Additives – unique to each product, OptiCapTM
  • Know how and technology
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Application areas

OptiFlower OptiDry OptiFresh OptiFreeze

Innovation Marketing Proof of Concept Sales Industrial Standard Pilot tests

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OptiFlower

Problem Short life time! Loss during and after transportations Solution +Extended life time +Better and faster rooting +Better growing performance +Better apperance

Portfolio of flowers

  • Pelargonium
  • Mandevilla
  • Argyranthemum
  • Lavandula
  • Aubrieta

Control Treated Control Treated

All cuttings are stored 10 days in the fridge

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OptiFlower Market

  • 2.5 billion cuttings are sold each year

around the world

  • 5 big players in the market

The Netherlands

Farms End Users

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The Syngenta Partnership

The partnership focuses on;

  • developing recipes for defined crops,
  • define market strategy,
  • Co-operation with interested third parties,
  • find new business areas for the OptiFreeze technology within the flower and plant industry.

Syngenta have stated their intention to make this innovative process an industrial standard. The agreement does not include any exclusivity to Syngenta, which means the technology will be marketed to everyone. Syngenta - One of the World’s leading agriculture companies. Syngenta provide products and solutions to help farmers achieve global food security for a growing population. Syngenta is a global company with more than 28 000 employees in over 90

  • countries. Through the partnership, Syngenta is committed to improve farm productivity, rescuing

land from degradation, enhancing biodiversity and revitalizing rural communities.

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Revenue model – Estimation of Revenues

Timeline OptiCept OptiCap Royalty Buy

  • 6 months

Delivery Delivery

  • Year 1

Payment Payment Payment Year 2-5

  • Payment

Payment Accumulated 7,5 - 15 MSEK *

OptiFlower

* 7,5 - 15 MSEK / per unit over 5 years.

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Other application areas

Solutions for the drying industry Market size 40 billion €* Solutions for the fresh cut industry Market size 40 billion €* Solutions for the deep-frozen industry Market size 290 billion €*

Status

Customer site pilot tests Customer site tests, pilot tests Customer site tests, pilot tests

* estimates

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OptiFresh

Control Control Treated Treated

Both mango and apples are stored in the fridge for 2 weeks

OptiDry OptiFresh

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Patent Portfolio

1. Method for the Cryopreservation of a plant material

  • EP2201084B1; US8563060 patented in 2013

2. Apparatus and Method for Extending Shelf Life of Food Products Comprimising water and soft tissue

  • WO2016153413 - Application is filed in 2015, pending in US and EP (Europe)

3. Method Involving PEF treatment and Drying

  • WO2017176201 - Application is filed in 2016, pending in US and EP
  • 4. Method Treating a Plant Material
  • Swedish Application number: 1851543-7 filed on: 2018-12-11
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Board of Directors and owners

Göran Hedbys,

Chairman

  • Prof. Petr Dejmek,

Board member

Anders Hättmark,

Board member

Elisabeth Yllfors,

Board member,

Johan Möllerström,

Deputy

  • Prof. Federico Gomez,

Deputy Shareholder (Febuary 2019) Share (%) Arc Aroma Pure AB (publ) 15,3% Avanza Pension Försäkring AB 6,5%

  • Prof. Petr Dejmek

5,1% Pui Yeu Phoon, PhD 4.2%

  • Assoc. Prof. Federico Gomez Galindo

3,8% Katarzyna Dymek, PhD 3,6% Nordnet Pension Försäkring 3,1% J.O. Möllerström Brothers Operation AB 1,6% Total holding of the 8 largest shareholders 39,0%

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Looking ahead…

  • Breakeven results during 2020
  • Sell and install 10 lines to customers in the OptiFlower segment within 3 years
  • Sell process lines on other applications during the same period
  • Explore new OptiFlower applications with the same technology
  • Cut flowers
  • Fruit and vegetable cuttings
  • Other plants
  • New application areas are likely to be found in future!
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Questions?