Davis, California, USA
August 12, 2020
Arcadia Biosciences, Inc.® (Nasdaq: RKDA), a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients, today announced a collaboration with GoodMills Innovation, an affiliate of GoodMills Group, Europe’s largest milling company, for commercialization of wheat with improved nutritional value across Europe.
“We are pleased to be working with GoodMills to introduce valued nutritional benefits to wheat-based products across Europe,” said Matthew Plavan, president and CEO of Arcadia Biosciences. “GoodMills is an excellent partner with a strong focus on innovation. Together we aim to introduce uniquely healthy products for the retail, consumer and food service sectors in Europe, beginning in 2020.”
The GoodWheat™ portfolio of good-for-you wheats includes attributes such as higher fiber, fewer calories and reduced allergenicity, as well as extended shelf life. The ingredients are the output of Arcadia’s proprietary ArcaTech™ platform, which accelerates discovery, development and breeding of new wheat varieties using advanced non-GM techniques.
“GoodMills Innovation is recognized as one of the world’s leading innovators in the area of grain-based ingredients that are both highly functional and nutritional,” said Michael Gusko, head of innovation at GoodMills. “Recent market research highlights accelerated key consumer trends in 2020, including health and immunity enhancement, natural authentic cooking and sustainable plant protein. We see tremendous potential in Arcadia’s portfolio of specialty wheats to help us meet these trends.”
The European milling industry produces 35 million tons of flour on an annual basis with a turnover of €15 billion. Wheat contributes about 20 percent of the total dietary calories and proteins worldwide, according to a 2013 paper published in Food Security.
About Arcadia Biosciences, Inc.
Arcadia Biosciences (Nasdaq: RKDA) is a leader in science-based approaches to enhancing the quality and nutritional value of crops and food ingredients. The company’s GoodWheat™ branded ingredients deliver health benefits to consumers and enable consumer packaged goods companies to differentiate their brands in the marketplace. Arcadia’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. The company’s GoodHemp™ seed catalog delivers genetically superior hemp seeds, clones, transplants, flower and extracts, applying the company’s proprietary crop innovation technology, ArcaTech™, to an emerging crop. For more information, visit www.arcadiabio.com.
About The GoodMills Group
The GoodMills Group GmbH is a holding company, managing seven country organizations with, in total, twenty-five flour mills. It is the leading milling company in Europe, processing 2.9 million tons of grain and generating €830 million turnover (2018). The holding company is based in Vienna, Austria, having its local Austrian subsidiary in nearby Schwechat. Further subsidiaries are located in Germany, Poland, Czech Republic, Hungary, Romania and Bulgaria. For more information, visit www.goodmills.com.
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