St. Louis, Missouri, USA
August 18, 2021
Company Recognized for Second Consecutive Year as the Leading Platform Driving the Plant-Based Revolution
Benson Hill, Inc. (the “Company” or “Benson Hill”), a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced it has been selected as winner of the “Overall FoodTech Company of the Year” award in the 2021 AgTech Breakthrough Awards conducted by AgTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global AgTech market today. Benson Hill was previously honored in the awards’ inaugural year for “2020 AI-based AgTech Solution of the Year.”
Benson Hill has developed CropOS®, a technology platform that combines data analytics and artificial intelligence with food science and plant biology to leverage the vast, untapped natural genetic diversity within plants to optimize nutrition, flavor profiles and yield. The proprietary technology can enable the design of novel seeds that Benson Hill then intends to use to create food and ingredient options with quality characteristics such as greater nutrition density and better taste. The Company also seeks innovative solutions with fewer food processing steps and reduced reliance on food additives, all while conserving resources.
The platform uses predictive analytics to simulate millions of genetic outcomes for plants while referencing an ever-expanding data library. The technology aims to shave years off the traditional crop breeding process in order to shorten the time to market and decreases development costs for new food and ingredient products.
“It is an honor to be recognized by AgTech Breakthrough for two consecutive years, which signifies support for our vision to create food and ingredients that are better from the beginning: for people, farmers and the planet,” said Matt Crisp, Chief Executive Officer of Benson Hill. “I am incredibly proud of the Benson Hill team, who together are building the modern and resilient food system of the future – one that responds to climate change and meets consumer demand for high-quality, more nutritious, and sustainably made food ingredients.”
Benson Hill’s products and integrated model have been designed to contribute to food system sustainability, establishing top-to-bottom best practices for the entire food industry.
Evolving beyond the traditional commodity model that functions at a single level and relies on multiple tiers of data to inform products, the Company’s integrated system is being built to allow for direct contact at each level of the supply chain, unlocking environmental and social benefits on the farm and at all stages of production.
The Company is currently working on a pipeline of soy and pea products with the potential to significantly reduce off-flavors, increase protein content and ultimately displace the need for expensive, energy- and water-intensive processing steps typically required to produce protein ingredients used in plant-based meat alternatives.
“Once again, Benson Hill has demonstrated its immense progress and ongoing potential to address challenges throughout the supply chain, from plant to plate by leveraging data, AI technology and insights to help farmers and the food system improve productivity and reduce environmental impacts,” said Bryan Vaughn, Managing Director of AgTech Breakthrough Awards. “Benson Hill’s approach is tailored to meet consumer demand and link the interests of both growers and consumers, which has been a historical divide in the food system. We want to offer our heartiest congratulations to Benson Hill on winning the ‘Overall FoodTech Company of the Year’ award for 2021.”
The mission of the annual AgTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of agricultural and food technology categories, including Internet-of-Things (IoT) and Artificial Intelligence (AI) based agricultural technologies, farm management, indoor farming, food quality, data analytics and many more. This year’s program attracted more than 1,500 nominations from over 15 different countries throughout the world.
About Benson Hill
Benson Hill moves food forward with the CropOS® platform, a cutting-edge food innovation engine that combines data science and machine learning with biology and genetics. Benson Hill empowers innovators to unlock nature’s genetic diversity from plant to plate, with the purpose of creating healthier, great-tasting food and ingredient options that are both widely accessible and sustainable. More information can be found at bensonhill.com or on Twitter at @bensonhillinc.
On May 10, 2021, Benson Hill announced a definitive business combination agreement with Star Peak Corp II (NYSE: STPC) (“Star Peak”). Upon the closing of the business combination, Benson Hill will become publicly traded on the New York Stock Exchange under the new ticker symbol “BHIL”. Additional information about the transaction can be viewed at: https://bensonhill.com/investors/ or https://stpc.starpeakcorp.com/.
About AgTech Breakthrough Awards
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AgTech Breakthrough Awards program is devoted to honoring excellence in agricultural technologies, services, companies and products. The AgTech Breakthrough Awards program provides a forum for public recognition around the achievements of AgTech companies and solutions in categories including farm management, indoor farming, automation, IoT and robotics, food quality, analytics and more. For more information visit AgTechBreakthrough.com.
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