Arcadia Biosciences and Ardent Mills Announce Collaboration to Develop and Commercialize Wheat Innovations
November 06 2018 - 9:09AM
Business Wire
-- Initial project focuses on extending
shelf life of whole wheat and promoting whole grain consumption
--
Arcadia Biosciences, Inc. (Nasdaq: RKDA), an agricultural food
ingredient company, and Ardent Mills, LLC, North America’s leading
flour-milling and ingredient company, today announced a
collaboration to develop and commercialize innovative wheat
varieties. The first project focuses on extending the shelf life
and improving the flavor of whole wheat products.
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“For several years, we have been investing in this strategy. We
see this trait as a big and important step forward that will
benefit bakers, food manufacturers, the food service industry, and
ultimately consumers,” stated Ardent Mills CEO Dan Dye.
Using patented Arcadia trait technology, the storage life of
whole wheat flour can be extended by slowing the enzymatic
processes that reduce shelf life. Because milled flour from wheat
carrying Arcadia’s trait technology oxidizes more slowly, it also
minimizes the bitterness associated with most whole wheat products.
This trait is expected to help improve the taste of whole wheat
products and help reduce waste.
The Extended Shelf Life wheat trait was developed using
Arcadia’s proprietary non-GM wheat genetic diversity library, an
extensive and exclusive resource of trait lines with high-density
variations in genetic composition and gene function. Because it is
non-GM, the trait has wide application potential across both
conventional and organic farming practices. The company recently
received a U.S. patent for the technology, the latest in Arcadia’s
portfolio of wheat trait improvements.
“This new trait was developed through traditional breeding.
While innovative thinking has brought it this far, further
collaboration will continue between Ardent Mills, Arcadia and
university partners to bring this trait to commercial reality,”
said Shrene White, General Manager, The Annex by Ardent Mills.
“As the leading flour supplier and grain innovator in North
America, Ardent Mills is the ideal partner to bring this technology
to the market,” said Raj Ketkar, president and CEO of Arcadia.
“Wheat is an important source of fiber, protein, nutrients and
minerals for consumers throughout the world, and these creative
approaches to improving the functional properties of wheat can have
a significant impact on the future of whole grain consumption.”
About Ardent Mills, LLC
Ardent Mills is the premier flour-milling and ingredient company
whose vision is to be the trusted partner in nurturing its
customers, consumers and communities through innovative and
nutritious grain-based solutions. Ardent Mills’ operations and
services are supported by more than 40 flour mills and bakery-mix
facilities along with a specialty bakery, Ardent Mills Innovation
Center and Mobile Innovation Center, all located in the U.S.,
Canada and Puerto Rico. Deeply rooted in communities throughout
North America, Ardent Mills is headquartered in Denver, Colorado
and employs more than 100 certified millers, supporting thousands
of local jobs and contributing billions of dollars to local
economies. To learn more about Ardent Mills,
visit ardentmills.com.
About Arcadia Biosciences, Inc.
Arcadia Biosciences, Inc. (Nasdaq: RKDA) develops and markets
high-value food ingredients and nutritional oils that help meet
consumer demand for a healthier diet. Arcadia’s GoodWheat™ branded
ingredients deliver health benefits to consumers and enable
consumer packaged goods companies to differentiate their brands in
the marketplace. The company’s agricultural traits are being
developed to enable farmers around the world to be more productive
and minimize the impact of agriculture on the environment. For more
information, visit www.arcadiabio.com.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially,
and reported results should not be considered as an indication of
future performance. These risks and uncertainties include, but are
not limited to: Arcadia’s and its partners’ and affiliates’ ability
to develop commercial products incorporating their traits, and
complete the regulatory review process for such products; Arcadia’s
compliance with laws and regulations that impact Arcadia’s
business, and changes to such laws and regulations; Arcadia’s
future capital requirements and ability to satisfy its capital
needs; Arcadia’s ability to develop, enforce and defend its
intellectual property rights; and the other risks set forth in
Arcadia’s filings with the Securities and Exchange Commission from
time to time, including the risks set forth in Arcadia’s Annual
Report on Form 10-K for the year ended December 31, 2017 and other
filings. These forward-looking statements speak only as of the date
hereof, and Arcadia Biosciences, Inc. disclaims any obligation to
update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20181106005568/en/
Arcadia BiosciencesJeff
Bergau+1-312-217-0419jeff.bergau@arcadiabio.comorArdent MillsMary
Ann
Strombitski+1-719-271-5295maryann.strombitski@ardentmills.com
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