Dave & Buster's eröffnet 20 Filialen in Indien und Australien

DALLAS, June 07, 2023 (GLOBE NEWSWIRE) — Dave & Buster's, die ultimative Adresse fr Essen, Trinken und Unterhaltung, kndigt zwei weitere wichtige Deals fr seine globalen Expansionsplne an. Die erste Vereinbarung umfasst eine Partnerschaft mit der Malpani Group und 15 Filialen in Indien. Bei dem zweiten Deal geht es um eine Partnerschaft mit der NightOwl Entertainment Group und 5 Filialen in Australien. Diese strategischen Allianzen stellen zwei weitere Franchise–Vereinbarungen fr mehrere Standorte von Dave & Buster's dar und festigen die Position der Marke in der Asien–Pazifik– und der MEA–Region mit insgesamt 31 Filialen, die seit der Ankndigung der globalen Expansionsplne im Jahr 2022 aufgebaut werden.

"Wir freuen uns sehr ber die Zusammenarbeit mit der Malpani Group, um den indischen Verbrauchern den Zugang zum Dave & Buster's–Erlebnis zu ermglichen, insbesondere da Indien durch seine pulsierende Wirtschaft zu den TOP 5 der Weltrangliste gehrt. Die Malpani Group ist fr ihre Leidenschaft fr Innovation und diversifiziertes Wachstum bekannt. Sie ist prdestiniert dafr, eine fhrende Position in der Unterhaltungsbranche im Indoor– und Outdoorbereich einzunehmen", so Antonio Bautista, Chief International Development Officer von Dave & Buster's. Er fgte hinzu: "Ebenso freuen wir uns ber unsere Partnerschaft mit der NightOwl Entertainment Group, einem zukunftsorientierten Unternehmen im Bereich Gastgewerbe und Unterhaltung, das die Branche in Australien revolutioniert. Australiens dynamischer Markt bietet erhebliche Wachstumschancen, und die fr ihren innovativen Ansatz bekannte NightOwl Entertainment Group ist der ideale Partner fr unsere Marke. Wir knnen es kaum erwarten, unser erstklassiges Unterhaltungserlebnis auf diesem pulsierenden Markt einzufhren."

Jai Malpani, Director der Malpani Group, zeigte sich begeistert von der Partnerschaft. "Wir freuen uns auf die Zusammenarbeit mit Dave & Buster's, einer etablierten Marke mit einer ausgezeichneten Erfolgsbilanz in der Unterhaltungsbranche", sagte Malpani. "Wir sind berzeugt, dass die Fachkompetenz des Unternehmens in den Bereichen Familienunterhaltung und Erlebnisgastronomie unser Portfolio ergnzen wird. Wir freuen uns auf eine erfolgreiche Zusammenarbeit."

David Heaton, Grnder und CEO von NightOwl Entertainment, uerte sich ebenfalls sehr positiv ber die Partnerschaft. "Wir freuen uns sehr, mit der Marke zusammenzuarbeiten, die Pionierarbeit auf dem Gebiet der ortsbezogenen Unterhaltung geleistet hat und auch weiterhin weltweit als Referenz in diesem Bereich gilt", so Heaton. "Wir sind zuversichtlich, dass wir gemeinsam unseren Kunden ein unvergleichliches Erlebnis bieten knnen."

Dave & Buster's hat mehrere strategische Initiativen fr die erfolgreiche Umsetzung einer globalen Expansion auf den Weg gebracht, darunter eine anpassbare, auf die spezifischen Marktanforderungen zugeschnittene Prsenz und die Anpassung der Menangebote an die regionale Kche, um den lokalen Prferenzen und Geschmacksvorlieben gerecht zu werden. Darber hinaus hat das Unternehmen ein eigenes dynamisches Preismodell fr eine flexible Preisgestaltung eingefhrt, globale Marketingprogramme initiiert, die demografisch unabhngig, aber lokal durchfhrbar sind, sowie eine einzigartige Unterhaltungsstrategie und Pakete umgesetzt, um sich auf dem Markt von Mitbewerbern abzuheben.

Dave & Buster's freut sich auch darauf, seinen Kunden regionale Unterhaltung und Late–Night–Programme anzubieten und immersive Erlebnisse einzufhren, um die Kundenbindung in dem wettbewerbsintensiven Socializing–Bereich zu erhhen. Mit diesen Initiativen ist Dave & Buster's zuversichtlich, seinen Kunden weltweit ein auergewhnliches Erlebnis bieten zu knnen.

ber Dave & Buster's
Dave & Buster's Entertainment, Inc. wurde 1982 gegrndet und hat seinen Hauptsitz in Coppell, Texas. Das Unternehmen ist Eigentmer und Betreiber von 200 Lokalen in Nordamerika, die ihren Gsten unter zwei verschiedenen Marken erstklassige Unterhaltungs– und Gastronomieerlebnisse bieten: Dave & Buster's and Main Event. Dave & Buster's hat 152 Filialen in 41 US–Bundesstaaten, Puerto Rico und Kanada und bietet seinen Gsten die Mglichkeit, an "einem Ort zu essen, zu trinken, zu spielen und fernzusehen". Jede Filiale bietet eine umfassende Speisekarte mit Hauptgerichten und Vorspeisen, eine groe Auswahl an alkoholischen und alkoholfreien Getrnken sowie ein umfangreiches Unterhaltungsangebot mit Spielen, Live–Sportbertragungen und anderen TV–Events. Main Event betreibt landesweit 52 Zentren in 17 US–Bundesstaaten und bietet moderne Bowling–Anlagen, Laser–Tag, Hunderte von Arcade–Spielen und virtuelle Realitt "" der perfekte Ort fr Familien, um sich zu treffen und unvergessliche Momente zu erleben. Weitere Informationen zu der jeweiligen Marke finden Sie unter www.daveandbusters.com und www.mainevent.com

ber Malpani Group:
Die Malpani Group aus Sangamner ist ein gut diversifiziertes Unternehmen mit Interessen in den Bereichen erneuerbare Energien, FMCG–Produkte, Immobilien, Hotels und mehr. Die Erfolgsgeschichte der Gruppe geht jedoch ber ihr vielfltiges Geschftsportfolio hinaus. Die Malpani Group hat sich stets der Kundenzufriedenheit und der sozialen Verantwortung verschrieben, was das phnomenale Wachstum des Unternehmens vorantrieb.

Die Malpani Group ist einer der fhrenden Eigentmer und Betreiber von Vergngungs– und Wasserparks in Indien. Sie betreibt Indiens grten Themen– und Wasserpark, Imagicaa, sowie fnf weitere Parks in Indien. Ihre Vergngungs– und Wasserparks sind zu einem beliebten Ziel fr Familien, Nervenkitzel–Suchende und Touristen geworden und bieten ein einzigartiges Erlebnis fr alle Altersgruppen. Mit ihrem unerschtterlichen Engagement fr Spitzenleistungen und Kundenzufriedenheit setzt die Malpani Group einen neuen Standard fr Geschftserfolg und soziale Verantwortung, der ihre berzeugung, der Gesellschaft etwas zurckzugeben, widerspiegelt.

ber NightOwl Entertainment
NightOwl Entertainment wurde 2008 gegrndet und ist eines der grten Unternehmen der Gastgewerbebranche in Perth. Das Unternehmen betreibt mehrere Lokalitten in Perth und baut landesweit viele weitere auf! Jede hat eine eigene Identitt und eine eigene Zielgruppe. In der Kneipen– und Clubbranche und jetzt auch in der ortsbezogenen Unterhaltung praktizieren wir ein starkes Unternehmensethos und verfgen ber eines der ausgefeiltesten Unternehmensfhrungssysteme der Branche mit zentralisierten Prozessen und Verfahren, Best–Practice–Datenanalysen und mageschneiderten internen Schulungen fr Mitarbeiter.

Medienkontakt:
Antonio Bautista
Antonio.Bautista@daveandbusters.com


GLOBENEWSWIRE (Distribution ID 8853720)

Dave & Buster's abrirá 20 lojas na Índia e na Austrália

DALLAS, June 06, 2023 (GLOBE NEWSWIRE) — A Dave & Buster's, o destino final de alimentos, bebidas e entretenimento, anunciou o fechamento de mais dois acordos significativos para seus planos de expanso global. O primeiro acordo inclui uma parceria de 15 lojas na ndia com o Malpani Group, e o segundo acordo uma parceria de 5 lojas com o NightOwl Entertainment Group na Austrlia. Essas alianas estratgicas marcam o segundo e terceiro contratos de franquia multi–loja da Dave & Buster's, e consolidam a marca nas regies APAC e MEA com um total de 31 lojas comprometidas com o desenvolvimento desde que os planos de expanso global foram anunciados em 2022.

"Estamos entusiasmados com a parceria com o Malpani Group para levar a experincia da Dave & Buster's ao consumidor indiano, com a vibrante economia da ndia sendo classificada entre as 5 melhores do mundo. O Malpani Group, conhecido por sua dedicao para com a inovao e crescimento diversificado, est prestes a dominar a indstria de entretenimento domstico e externo", disse Antonio Bautista, Diretor de Desenvolvimento Internacional da Dave & Buster's. "Estamos tambm muito satisfeitos em unir foras com o NightOwl Entertainment Group, uma empresa de hospitalidade e entretenimento com viso do futuro que revoluciona a indstria na Austrlia. O mercado dinmico da Austrlia apresenta uma oportunidade significativa de crescimento, e o NightOwl Entertainment Group, conhecido por sua abordagem inovadora, o parceiro ideal para a nossa marca. Estamos prontos para oferecer a nossa incomparvel experincia de entretenimento para este mercado vibrante.”

Jai Malpani, Diretor do Malpani Group, expressou seu entusiasmo pela parceria. "Estamos muito contentes com a parceria com a Dave & Buster's, uma marca estabelecida com um histrico comprovado na indstria do entretenimento", disse Malpani. "Acreditamos que sua experincia em entretenimento e gastronomia para a famlia complementar nosso portflio, e estamos ansiosos para uma colaborao bem–sucedida".

David Heaton, Fundador e CEO da NightOwl Entertainment, tambm compartilhou seu entusiasmo pela parceria. "Estamos incrivelmente entusiasmados com a parceria com a marca pioneira no entretenimento com base em localizao e que continua a ser o ponto de referncia global neste espao", disse Heaton. "Estamos confiantes de que, juntos, poderemos proporcionar experincias incomparveis para os nossos clientes."

A Dave & Buster's implementou vrias iniciativas estratgicas para garantir uma expanso global bem–sucedida, incluindo uma pegada personalizvel adaptada para atender a requisitos especficos do mercado e a localizao de ofertas de menu com alta ressonncia regional para atender s preferncias e gostos locais. Eles tambm introduziram um modelo dinmico de preos proprietrio com opes de preos flexveis, lanaram programas de marketing global demograficamente agnsticos, mas executveis localmente, e implementaram uma estratgia e pacotes de diverso nicos para se diferenciarem no mercado.

A Dave & Buster's tambm est empolgada em oferecer entretenimento e programao noturna localizada para os clientes e introduzir experincias imersivas para aprimorar o envolvimento do cliente no espao de socializao competitivo. Com essas iniciativas, a Dave & Buster's est confiante de que ir proporcionar uma experincia excepcional aos seus clientes em todo o mundo.

Sobre a Dave & Buster's
Fundada em 1982 e sediada em Coppell, Texas, a Dave & Buster's Entertainment, Inc., proprietria e operadora de 200 pontos na Amrica do Norte que oferecem experincia de entretenimento e refeies de primeira linha para os nossos clientes com duas marcas distintas: Dave & Buster's e Main Event. A Dave & Buster's tem 152 lojas em 41 estados, Porto Rico e Canad, oferecendo para seus clientes a oportunidade de “Comer, Beber, Jogar e Assistir”, em um nico local. Cada restaurante tem um menu completo de pratos e aperitivos, uma seleo variada de bebidas alcolicas e no alcolicas, e diversos entretenimentos para os clientes que podem jogar games e assistir ao vivo esportes e outros eventos televisionados. O Main Event com 52 centros em 17 estados nos EUA, jogos de boliche de ltima gerao, laser tag, centenas de jogos de arcade e realidade virtual, o lugar ideal para as famlias se conectarem e criarem memrias. Para mais informaes sobre cada marca, visite www.daveandbusters.com e www.mainevent.com

Sobre o Malpani Group:
O Malpani Group da Sangamner uma empresa bem diversificada com interesses em energia renovvel, produtos FMCG, imveis, hotis e muito mais. Mas a histria de sucesso do grupo vai alm do seu portflio diversificado de empresas. O Malpani Group sempre esteve comprometido com a satisfao do cliente e a responsabilidade social, o que tem sido essencial para o seu crescimento fenomenal.

Atualmente, o Malpani Group um dos principais proprietrios e operadores de parques de diverses e aquticos da ndia. Eles operam o maior parque temtico e aqutico da ndia, o Imagicaa, juntamente com outros cinco parques na ndia. Seus parques de diverses e aquticos tornaram–se um destino popular para famlias, caadores de emoes e turistas, oferecendo uma experincia nica e imersiva para todas as idades. Com seu compromisso inabalvel com a excelncia e a satisfao do cliente, o Malpani Group estabeleceu um novo padro para o sucesso dos negcios e a responsabilidade social, com base na sua forte dedicao para com a retribuio para a sociedade.

Sobre a NightOwl Entertainment
Fundada em 2008, a NightOwl Entertainment um dos maiores grupos de hospitalidade de Perth. O grupo tem operaes em vrios locais em Perth e est ampliando o seu portflio em todo o pas! Cada local tem uma identidade e alvo demogrfico distintos. Na rea de pubs e clubes e, agora, de entretenimento com base em localizao, o grupo segue um forte ethos corporativo com um dos sistemas de gesto mais sofisticados da indstria, com processos e procedimentos centralizados, melhores prticas de anlise de dados e treinamento interno sob medida para a equipe.

Contato com a Mdia:
Antonio Bautista
Antonio.Bautista@daveandbusters.com


GLOBENEWSWIRE (Distribution ID 8853720)

Dave & Buster's s'apprête à ouvrir 20 restaurants en Inde et en Australie

DALLAS, 07 juin 2023 (GLOBE NEWSWIRE) — Dave & Buster's, chane suprme dans les domaines de la gastronomie, des boissons et du divertissement, annonce deux accords importants supplmentaires dans le cadre de ses plans d'expansion mondiale. Le premier accord inclut un partenariat portant sur 15 restaurants en Inde avec Malpani Group, tandis que le deuxime comprend un partenariat pour 5 restaurants avec NightOwl Entertainment Group en Australie. Ces alliances stratgiques marquent les deuxime et troisime accords de franchise multi–restaurants Dave & Buster's, implantant solidement la marque dans les rgions APAC et MOA avec un total de 31 restaurants engags dans son dveloppement depuis l'annonce de ses plans d'expansion mondiale en 2022.

Nous sommes heureux de faire quipe avec Malpani Group pour apporter l'exprience Dave & Buster's au consommateur indien, l'conomie dynamique de l'Inde ayant class le pays dans le top 5 mondial. Malpani Group, connu pour sa passion de l'innovation et sa croissance diversifie, est en voie de dominer le secteur du divertissement intrieur et extrieur , a dclar Antonio Bautista, directeur du dveloppement international chez Dave & Buster's. Et d'ajouter : De mme, nous sommes heureux de joindre nos forces celles de NightOwl Entertainment Group, une socit avant–gardiste dans les domaines de l'htellerie et du divertissement, qui rvolutionne le secteur en Australie. Le march dynamique australien prsente une importante opportunit de croissance, et NightOwl Entertainment Group, qui est rput pour son approche innovante, constitue le partenaire idal pour notre marque. Nous avons hte d'apporter notre exprience sans gale du divertissement ce march dynamique.

Jai Malpani, directeur de Malpani Group, a exprim son enthousiasme pour ce partenariat. Nous sommes ravis de faire quipe avec Dave & Buster's, une marque tablie l'historique prouv dans le secteur du divertissement , a dclar M. Malpani. Selon nous, son expertise en divertissement familial et en expriences gastronomiques compltera notre portefeuille, et nous sommes impatients de collaborer avec succs.

David Heaton, le fondateur et PDG de NightOwl Entertainment, a galement fait part de son enthousiasme pour ce partenariat. Nous sommes incroyablement heureux de faire quipe avec la marque qui fait figure de pionnier du divertissement localis et qui reste la rfrence dans ce domaine l'chelle mondiale , a comment M. Heaton. Nous sommes persuads qu'ensemble, nous apporterons des expriences ingales nos clients.

Dave & Buster's a mis en "uvre plusieurs initiatives stratgiques pour assurer une expansion mondiale fructueuse, notamment une empreinte personnalisable sur mesure visant rpondre aux exigences spcifiques du march et la localisation d'offres de menus prsentant une forte rsonance rgionale afin de satisfaire aux prfrences et aux gots locaux. La socit a galement introduit un modle tarifaire dynamique exclusif permettant de proposer des options de prix flexibles, lanc des programmes marketing mondiaux dmographiquement agnostiques mais localement excutables, et mis en "uvre des bouquets et stratgies de divertissement uniques pour se diffrencier sur le march.

Dave & Buster's se rjouit aussi de proposer ses clients des divertissements localiss et des programmes tard le soir, en plus de prsenter des expriences immersives visant amliorer l'engagement client dans le domaine comptitif de la socialisation. Grce ces initiatives, Dave & Buster's a la certitude de fournir une exprience exceptionnelle ses clients mondiaux.

propos de Dave & Buster's
Fonde en 1982 et base Coppell, au Texas, la socit Dave & Buster's Entertainment, Inc., est le propritaire et l'oprateur de 200 sites en Amrique du Nord qui offrent des expriences de divertissement et de restauration de premier plan aux clients par le biais de deux marques distinctes : Dave & Buster's et Main Event. Dave & Buster's possde 152 restaurants dans 41 tats, Porto Rico et au Canada et offre aux clients la possibilit de prendre un verre, se restaurer et se divertir , dans un seul et mme endroit. Chaque restaurant propose une carte avec un grand choix d'entres et de hors–d'"uvre, une slection complte de boissons alcoolises et non alcoolises, ainsi qu'une vaste palette d'attractions de divertissement axes sur les jeux et le visionnage de sports en direct et d'autres vnements tlviss. Main Event exploite 52 centres dans 17 tats du pays, et propose un bowling de pointe, des jeux de laser, des centaines de jeux d'arcade et de ralit virtuelle, ce qui en fait le lieu idal pour permettre aux familles de jouer ensemble et de crer des souvenirs. Pour tout complment d'information sur chaque marque, veuillez consulter les sites www.daveandbusters.com et www.mainevent.com

propos de Malpani Group :
Malpani Group, bas Sangamner, est une maison d'affaires trs diversifie dont les centres d'intrt s'tendent des nergies renouvelables aux produits de grande consommation, en passant par l'immobilier et bien d'autres domaines. Cependant, les russites du groupe vont bien au–del de son portefeuille d'entreprises diversifi. Malpani Group s'est toujours engag en faveur de la satisfaction client et de la responsabilit sociale, et cela a t la cl de sa croissance phnomnale.

Malpani Group est actuellement l'un des plus importants propritaires et oprateurs de parcs aquatiques et d'attractions d'Inde. Il exploite Imagicaa, le plus grand parc thme et aquatique d'Inde, ainsi que cinq autres parcs dans le pays. Ses parcs d'attractions et aquatiques sont devenus des destinations populaires pour les familles, les amateurs de sensations fortes et les touristes, offrant une exprience unique et immersive pour tous les ges. De par son engagement indfectible en faveur de l'excellence et de la satisfaction client, Malpani Group a tabli une nouvelle norme de responsabilit sociale et de russite commerciale, refltant sa solide conviction selon laquelle il faut rendre la pareille la socit.

propos de NightOwl Entertainment
tabli en 2008, NightOwl Entertainment est l'un des groupes hteliers les plus importants de Perth. Il exploite plusieurs tablissements travers Perth et en construit bien d'autres l'chelle nationale ! Chacun a une identit et une cible dmographique bien distinctes. 'uvrant dans le secteur des pubs et clubs, ainsi que des sites de divertissement dsormais, il pratique une philosophie d'entreprise solide et possde l'un des systmes de gestion des plus sophistiqus de l'industrie, avec des procdures et processus centraliss, des analyses de donnes respectant les meilleures pratiques et une formation interne du personnel sur mesure.

Contact auprs des mdias :
Antonio Bautista
Antonio.Bautista@daveandbusters.com


GLOBENEWSWIRE (Distribution ID 8853720)

Dave & Buster’s to open 20 stores in India and Australia

DALLAS, June 06, 2023 (GLOBE NEWSWIRE) — Dave & Buster's, the ultimate destination for food, drinks, and entertainment, announces two more significant deals for its global expansion plans. The first deal includes a 15–store partnership in India with the Malpani Group, and the second deal comprises a 5–store partnership with the NightOwl Entertainment Group in Australia. These strategic alliances mark Dave & Buster's second and third multi–store franchise agreements, firmly cementing the brand in the APAC and MEA regions with a total of 31 stores committed to development since global expansion plans were announced in 2022.

“We're thrilled to partner with the Malpani Group to bring the Dave & Buster's experience to the Indian consumer, as India's vibrant economy has ranked the country in the top 5 globally. The Malpani Group, known for its passion for innovation and diversified growth, is poised to dominate the indoor and outdoor entertainment industry," said Antonio Bautista Chief International Development Officer for Dave & Buster's. He added, "Likewise, we're delighted to join forces with the NightOwl Entertainment Group, a forward–thinking hospitality and entertainment company revolutionizing the industry in Australia. Australia's dynamic market presents a significant opportunity for growth, and the NightOwl Entertainment Group, renowned for its innovative approach, is the ideal partner for our brand. We can't wait to bring our unparalleled entertainment experience to this vibrant market.”

Jai Malpani, Director of Malpani Group, expressed his enthusiasm for the partnership. “We are delighted to partner with Dave & Buster's, an established brand with a proven track record in the entertainment industry," said Malpani. "We believe their expertise in family entertainment and dining experiences will complement our portfolio, and we look forward to a successful collaboration.”

David Heaton, the Founder and CEO of NightOwl Entertainment, also shared his excitement for the partnership. “We're incredibly excited to partner with the brand that pioneered location–based entertainment and continues to be the point of reference globally in this space," said Heaton. "We're confident that together, we'll bring unparalleled experiences to our customers.”

Dave & Buster's has implemented several strategic initiatives to ensure a successful global expansion, including a customizable footprint tailored to meet specific market requirements and the localization of menu offerings with high regional resonance to cater to local preferences and tastes. They have also introduced a proprietary dynamic pricing model to offer flexible pricing options, launched global marketing programs that are demographically agnostic yet locally executable, and implemented a unique amusement strategy and packages to differentiate themselves in the market.

Dave & Buster's is also excited to offer localized entertainment and late–night programming for customers and introduce immersive experiences to enhance customer engagement in the competitive socializing space. With these initiatives, Dave & Buster's is confident they will provide an exceptional experience to their global customers.

About Dave & Buster's
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 200 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster's and Main Event. Dave & Buster's has 152 stores in 41 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat, Drink, Play and Watch," all in one location. Each store offers a full menu of entres and appetizers, a complete selection of alcoholic and non–alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Main Event operates 52 centers in 17 states across the country and offers state–of–the–art bowling, laser tag, hundreds of arcade games, and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit www.daveandbusters.com and www.mainevent.com

About Malpani Group:
The Malpani Group from Sangamner is a well–diversified business house with interests in renewable energy, FMCG products, real estate, hotels, and more. However, the group's success story goes beyond its diverse portfolio of businesses. The Malpani Group has always been committed to customer satisfaction and social responsibility, which has been the key to its phenomenal growth.

Currently, the Malpani Group is one of the leading owners and operators of amusement and water parks in India. They operate India's largest theme and water park, Imagicaa, along with five other parks in India. Their amusement and water parks have become a popular destination for families, thrill–seekers, and tourists, offering a unique and immersive experience for all ages. With their unwavering commitment to excellence and customer satisfaction, the Malpani Group has set a new standard for business success and social responsibility, reflecting their strong belief in giving back to society.

About NightOwl Entertainment
Established in 2008, NightOwl Entertainment is one of Perth's largest hospitality groups. Operating several venues across Perth and building many more nationally! Each with a distinct identity and target demographic. In the business of pubs and clubs and now location Based Entertainment practicing a strong corporate ethos and boasting one of the most sophisticated management systems in the industry, with centralized processes and procedures, best practice data analytics, and bespoke in–house training for staff.

Media Contact:
Antonio Bautista
Antonio.Bautista@daveandbusters.com


GLOBENEWSWIRE (Distribution ID 8852831)

Sweegen's Rebaudioside M receives full authorization for use in the United Kingdom

Rancho Santa Margarita, Calif., May 17, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator, Sweegen has announced that its Bestevia Rebaudioside M (Reb M) has been fully authorized for use in the United Kingdom (U.K.) This regulatory approval marks a significant milestone for Sweegen, as it becomes the first and only company to receive authorization for any steviol glycosides produced using alternative technologies in the U.K.

Reb M, a high–purity steviol glycoside derived from the stevia plant, is renowned for its clean and sugar–like taste profile. It offers a natural, zero–calorie sweetness solution, making it an ideal choice for food and beverage manufacturers seeking to reduce sugar content and provide healthier options to consumers. Sweegen's nature–based sweeteners, including its Reb M, offer a scalable and cost–effective alternative to traditional sugar.

Brands in the U.K. have eagerly anticipated the authorization of Sweegen's Bestevia Reb M during the initial formulation phase and tastings. They are actively collaborating with Sweegen's food and beverage applications experts based at its EMEA U.K. Innovation Studio in Reading, England, to integrate this highly sought–after stevia ingredient, along with Sweegen's outstanding taste modulation and unique sweeteners, into their formulations.

Damian Bellusci, Vice President of Sales EMEA/APAC at Sweegen, expressed his excitement about the authorization, stating, “We are extremely proud to be the pioneers in securing full authorization for Bestevia Reb M in the U.K. This milestone reaffirms Sweegen's commitment to providing innovative, nature–based, and sustainable sweetening solutions to the industry. Reb M offers food and beverage manufacturers an exceptional tool to meet consumer demands for healthier products without compromising taste."

The decision to authorize the bioconversion manufacturing method for steviol glycosides, including Reb M, was made by the Minister for Primary Care and Public Health in relation to England, the Welsh Ministers in relation to Wales, and the Minister for Public Health, Women's Health and Sport in relation to Scotland. The authorization is per Article 10(1) of retained Regulation 1333/2008, fulfilling the requirements.

The authorized manufacturing method allows for using steviol glycosides, including Reb M, in the Great Britain (GB) market. The Regulations provide updated terms of authorization for using this method in GB, with the terms being similar to those in the European Union (EU) and Northern Ireland. For the latest information, referring to the relevant EU Regulations on the EUR–Lex website is recommended.

Casey McCormick, Vice President of Global Innovation at Sweegen, emphasized the significance of Reb M in driving product innovation. "The approval of Bestevia Reb M in the UK represents a very positive step forward for brands looking to improve the nutrition profile of their products. The clean, sweet taste of our Bestevia Reb M enables new approaches to reduce and eliminate sugar in a way that exceeds consumers' expectations and supports public health objectives to reduce sugar consumption."

Hadi Omrani, Vice President of Technical and Regulatory Affairs at Sweegen, highlighted the rigorous safety and compliance standards behind Bestevia Reb M's authorization. Omrani stated, "At Sweegen, we prioritize safety, quality, and regulatory compliance. Obtaining full authorization for Bestevia Reb M in the U.K. required thorough scientific evaluations and stringent assessments to ensure its safety for consumption. This achievement reflects our commitment to delivering superior products that meet the highest industry standards.”

Sweegen is dedicated to revolutionizing the sweetener market with innovative solutions that promote healthier choices without compromising taste. The full authorization of Bestevia Reb M in the U.K. reinforces Sweegen's leadership in the nature–based sweetener space and positions the company as a trusted partner for food and beverage manufacturers worldwide.

Sweegen recently attained FEMA GRAS status for sweet proteins brazzein and thaumatin II, complementing steviol glycosides in food and beverage production. With the addition of brazzein and thaumatin II, Sweegen continues to expand its portfolio of safe and effective taste–modulating flavors that can help food and beverage manufacturers meet the demand for healthier and delicious products to align with consumers' holistic approaches to wellness. Brazzein is the star ingredient in Sweegen's newly launched Sweetensify flavors for taste modulation, an ideal flavors tool for brands seeking to create sugar–like tastes in food and beverages.

###

About Sweegen

Sweegen provides sweet–taste solutions for food and beverage manufacturers around the world.
We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero–sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market–leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward–Looking Statements
This press release includes "forward–looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. Sweegen's actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward–looking statements as predictions of future events. These forward–looking statements include, without limitation, illustrative information regarding Sweegen's bottom–up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward–looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data
In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third–party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Cautionary Statement Concerning Forward–Looking Statements
This press release contains forward–looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen's control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward–looking statements and, therefore, should be carefully considered. Sweegen assumes no obligation to update any forward–looking statements as a result of new information or future events or developments.

Attachments


GLOBENEWSWIRE (Distribution ID 8841398)

Mosa Meat Prepares for Market Entry by Opening Largest Cultivated Meat Campus in the World to date and Working with Two Michelin-starred Chef Hans van Wolde

MAASTRICHT, The Netherlands, May 08, 2023 (GLOBE NEWSWIRE) — Mosa Meat, the pioneers in the cultivated meat space that grow beef directly from animal cells, opened a new 2,760 square metre (29,708 square feet) scale–up facility in Maastricht on Monday. This fourth facility completes the new Mosa C.A.M.P.U.S. or Center for Advanced Meat Production, Upscaling, and Sustainability for a total footprint of 7,340 square metres (79,007 square feet).

Monday's program included a ribbon cutting ceremony with the Mayor of Maastricht Annemarie Penn–te Strake, the Governor of Limburg Emile Roemer, and the Mosa Meat team, a cultivated burger cooking demonstration by Chef Hans van Wolde, and tours of the new facility. A select group of 50 investors, journalists and value chain partners from around the world attended the event. The new facility will start the first production runs in a matter of days.

Mosa Meat CEO Maarten Bosch said: “As this scale–up facility comes online next month, we will have the capacity to make tens of thousands of cultivated hamburgers. The facility is designed to grow as demand increases with regulatory approvals and regional market entries, up to hundreds of thousands of cultivated hamburgers per year. And in combination with our contract manufacturer in Singapore, even a lot more. We are excited to debut this great tasting hamburger today that even hardcore carnivores will love."

Mosa Meat Co–founder & CSO Dr. Mark Post said: "When we introduced cultivated meat to the world, we predicted it would take 10 years to create a consumer product. Now, almost exactly 10 years later, we have a consumer product that we can start making in larger quantities and that we can start serving to consumers in Singapore, pending regulatory approval" said Mark Post, co–founder and Chief Scientific Officer of Mosa Meat.

Chef Hans van Wolden said: "When I first tried a Mosa Burger as part of the internal development team, I was blown away by the beefy taste and the amazing mouthfeel of the beef fat. It gave me goosebumps. I genuinely believe this new way of making beef can delight connoisseurs and casual beef lovers alike, while enjoying the positive benefits of cultivated beef from a sustainability perspective. I am excited to work with the Mosa Meat team to make future versions even better.

ABOUT MOSA MEAT

Mosa Meat is a global food technology company pioneering a cleaner, kinder way of making real beef. Our founders introduced the world's first cultivated beef hamburger in 2013, by growing it directly from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but in a way that is better for people, animals, and the planet. A diverse and growing team of 165 food–loving problem–solvers, we are united in our mission to fundamentally reshape the global food system. Headquartered in Maastricht, The Netherlands, Mosa Meat is a privately held company backed by Blue Horizon, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and others. Follow Mosa Meat on Facebook, LinkedIn, Twitter and Instagram or visit mosameat.com to learn more about why people #cravechange.

For more information, reach out to press@mosameat.com.

Visual assets from the event will be loaded here by 17:00 CET on May 8th

https://drive.google.com/drive/folders/181Qd14IJ9QD55SfwarnohvzO5–rjxtHf

The general Mosa Meat press kit is here:

https://mosameat.com/press–kit

ABOUT CHEF HANS VAN WOLDE

Chef Hans is a Dutch 2–Michelin star chef who converted an old farmhouse outside Maastricht into his restaurant Brut172. Previouslyhe was the chef owner of 2–star restaurant Beluga in Maastricht and has been featured on TV shows like MasterChef and Snackmasters. He has formally joined Mosa Meat's product development, sensory evaluation and recipe formulation team to complement Mosa Meat's internal team of food scientists.

www.brut172.com

Attachments


GLOBENEWSWIRE (Distribution ID 8834249)

FEMA GRAS status for Sweegen’s sweet protein brazzein technology

Rancho Santa Margarita, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator, Sweegen has announced that its highly sought–after sweet protein Ultratia brazzein technology received the Generally Recognized As Safe (GRAS) status from the Flavor and Extract Manufacturers Association (FEMA).

“Our customers and the industry have eagerly anticipated our brazzein FEMA GRAS status, and now we are excited to offer it as the star sweet protein in our Sweetensify Flavors Collection," said Luca Giannone, SVP of Sales. "We're pleased to demonstrate our Ultratia brazzein in the newly launched Sweetensify Flavors Collection at the IFT First trade show in Chicago July 17–19, 2023."

Brands are encouraged to visit Sweegen's food and beverage application team at IFT First, the Sweegen booth, located at the South Building "" S1619 "" IFT, for a sensory experience and learn how it can easily fit into their food and beverage products.

Sweegen is the first to attain FEMA GRAS status and to produce brazzein commercially globally. The designation is important because it allows manufacturers to use Sweegen's Sweetensify Flavors confidently, including the novel sweet protein brazzein in their product formulations.

Brazzein's unique characteristics make it special, and its commercialization and scaling have been challenging until now. Brazzein is a rare sweet protein that originates from the fruit of the West African climbing plant, oubli. To produce brazzein sustainably, Sweegen uses a proprietary precision fermentation process, which creates clean high–purity ingredients.

"This important milestone in food and beverage creation symbolizes Sweegen delivering on its promise to brands for opening doors to scalable state–of–the–art technology for creating better–for–everyone food and beverages," said Hadi Omrani, VP of technical and regulatory affairs. “The FEMA GRAS status is a testament to the safety of brazzein as a flavor modifier that our customers can trust to explore new and exciting taste–modulating solutions."

Sweetensify Flavors for taste modulation improves and modulates a variety of taste attributes, which can help brands push the boundaries of healthier product innovation. Brazzein's exceptional formulation qualities inspired Sweegen to launch Sweentisify Flavors in April 2023. It is the newest flavor tool starring its novel sweet protein Ultratia brazzein, which also features thaumatin II and other unique proteins.

"Sweegen's product development teams have discovered remarkable synergies between Sweetensify Flavors and our Signature Stevia systems," said Casey McCormick, VP of global innovation.

Sweet proteins like brazzein have an affinity for different taste receptors on the tongue, especially the receptor known as T1R3, which is associated with both umami and sweetness perception. Leveraging this unique attribute, Sweetensify Flavors will enable product developers to maintain the quality of characteristic flavors and sweetness while reducing the amount of sugar they use in products.

"Sweegen's Ultratia brazzein has received great feedback from our customers during the initial formulations phase and tastings," said Casey McCormick, VP of global innovation. "Now, the timing of the FEMA GRAS status perfectly coincides with the launch of Sweegen's Sweetensify Flavors, which offers the best sensory experience in better–for–everyone products."

Sweegen recently attained FEMA GRAS status for thaumatin II, a sweet protein complementary to brazzein. With the addition of brazzein, Sweegen continues to expand its portfolio of safe and effective taste modulating flavors that can help food and beverage manufacturers meet the demand for healthier and delicious products to align with consumers' holistic approaches to wellness.

###

About Sweegen

Sweegen provides sweet–taste solutions for food and beverage manufacturers around the world.
We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero–sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market–leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward–Looking Statements
This press release includes "forward–looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. Sweegen's actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward–looking statements as predictions of future events. These forward–looking statements include, without limitation, illustrative information regarding Sweegen's bottom–up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward–looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data
In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third–party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Cautionary Statement Concerning Forward–Looking Statements
This press release contains forward–looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations, but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen's control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward–looking statements and therefore should be carefully considered. Sweegen assumes no obligation to update any forward–looking statements as a result of new information or future events or developments.

Attachments


GLOBENEWSWIRE (Distribution ID 8831913)

Sweegen launches Sweetensify™ Flavors, debuting sweet protein brazzein technology

Rancho Santa Margarita, Calif., April 17, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator, Sweegen announced today the launch of Sweetensify Flavors, its newest flavor tool for food and beverage producers, to create better–for–everyone products. Powered by Sweegen's novel sweet protein technology that includes brazzein, thaumatin II, and other unique proteins, Sweetensify Flavors improve and modulate sweet flavor, creating a sugar–like experience, thereby pushing the boundaries of healthier product innovation.

"Sweetensify Flavors will change how product developers think about reducing or eliminating sugar in beverages and foods," said Casey McCormick, vice president of global innovation at Sweegen. "The flavor expression enabled by Sweetensify Flavors optimizes the sensory experience and enables a more sugar–like taste. It is substantially better than any previous technology. We target taste receptors on a biochemistry level that others simply cannot."

Sweegen's Sweetensify Flavors debuts brazzein, the company's highly sought–after sweet protein, as well as thaumatin II. At the time of the Sweetensify announcement, Sweegen's thaumatin II received the Flavor Extract Manufacturer's Association (FEMA) GRAS status.

"Our regulatory vision is to open global markets and enable brands to access unique ingredients that will support their food and beverage creativity while delivering on health and wellness," said Hadi Omrani, senior director of technical and regulatory affairs at Sweegen.

Sweet proteins like brazzein have an affinity for different taste receptors on the tongue, especially the receptor known as T1R3, which is associated with both umami and sweetness perception. Leveraging this unique attribute, Sweetensify Flavors will enable product developers to reduce the amount of sugar they use in products while maintaining the quality of characteristic flavors and sweetness.

Thaumatin II belongs to a family of sweet–tasting proteins called thaumatins. Thaumatin II is a variant of the original thaumatin protein with a similar structure and sweetness profile. Thaumatins are known for their intense sweetness, several times greater than sucrose (table sugar). Brazzein is also several thousand times sweeter than sugar, making it a cost–effective tool for brands on a large scale. Thaumatin II is considered safe for consumption by the U.S. Food and Drug Administration (FDA).

The entire collection of Sweetensify Flavors has a wide range of benefits across sweet and savory applications, including enhancing flavor tonalities, blocking bitterness, reducing astringency and sweet linger, eliminating unwanted aftertastes, reducing sugar use, and blocking the burn from alcohol.

"Our product development teams are finding incredible synergies between Sweetensify Flavors and Sweegen's state–of–the–art stevia systems," said McCormick. "Ultimately, our solutions challenge the taste and cost of artificial sweeteners currently on the market." McCormick further states, "Our customers are excited about the cross–application utility of the flavor collection enabled by the great pH and heat stability we see for these flavors along with high solubility."

Sweegen's Sweetensify Flavors are available for use in countries that allow flavors approved by the FEMA GRAS protocol. The company plans to expand its global availability rapidly.

To scale brazzein and thaumatin II sustainably, Sweegen uses a proprietary precision fermentation process, a technology that produces clean and sustainable ingredients. This allows for cost–effective commercial production of highly–sought after ingredients in global sugar reduction solutions. Sweegen's innovation and strategic partner, Conagen, developed brazzein and thaumatins I and II with its proprietary protein and peptide production platforms and announced the development of the sweet proteins in 2021.

"We are the only company that has successfully scaled brazzein," said Luca Giannone, senior vice president of global sales at Sweegen. "The launch of Sweetensify Flavors is one more example of how Sweegen brings to market the industry's very best ingredient platforms and tools for enabling sugar reduction for health and wellness. This is our mission and our promise to our customers."

Within one year of Sweegen announcing its ability to commercialize brazzein, it has received great interest in its proprietary sweet protein–based solutions. It has collaborated with several large food and beverage companies on sensory reformulations and new product developments.

"We look forward to the sensory results and feedback from our customers in anticipation of brazzein joining thaumatin II's FEMA GRAS status," said Giannone. "Sweegen is forging a path for better health and wellness in food and beverages with stellar ingredients. We are preserving Sweegen's ability to continue perfecting these unique solutions with patents issued or pending worldwide."

###

About Sweegen

Sweegen provides sweet–taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero–sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market–leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward–Looking Statements

This press release includes "forward–looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. Sweegen's actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward–looking statements as predictions of future events. These forward–looking statements include, without limitation, illustrative information regarding Sweegen's bottom–up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward–looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data

In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third–party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Cautionary Statement Concerning Forward–Looking Statements

This press release contains forward–looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener, brazzein, and thaumatin. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and beyond Sweegen's control.

Relevant risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward–looking statements and, therefore, should be carefully considered. Sweegen assumes no obligation to update any forward–looking statements as a result of new information or future events or developments.

Attachments


GLOBENEWSWIRE (Distribution ID 8809463)

Crurated Launches First of its Kind Virtual Cellars for Gifting French and Italian Wines This Holiday Season and Beyond

LONDON, Dec. 12, 2022 (GLOBE NEWSWIRE) — With an eye on innovation in the wine industry, Crurated, a blockchain and member–based wine community, has launched virtual cellars for gifting wines this holiday season and beyond. This first of its kind program lets members gift French and Italian fine wines from the platform that are stored in the Crurated cellar in Burgundy and available virtually. Wines for gifting start at 50 Euro and come with a complimentary Explorer Membership and a virtual cellar that allows the recipient to view their wines and ship to many countries across the globe. The wines are authenticated and traced via blockchain technology and come straight from the Domaine.

"While our members can give from their personal Crurated cellars, we've also added a full range of French and Italian wines that are perfect for gift giving," said Alfonso de Gaetano, Founder of Crurated. "This new program makes last minute gifting easy. No stores to visit or shipping to do because the gift is instantaneously available and can be shipped out when the recipient is ready to enjoy their wine."

"Our direct–to–consumer partnership with Crurated ensures that any and all wine lovers have the opportunity to gain access to our wines," said Charles Lachaux, Burgundy's most forward–thinking winemaker. "This new offering will help to foster a larger community of oenophiles and is the perfect gift not only for the holidays but any time of the year."

In addition to selections from a member's personal cellar additional wines are available for purchase from Crurated producers from regions including Barolo and Burgundy to Tuscany and beyond.

Each gift comes with a complimentary and upgradable Explorer Membership with benefits that include:

  • Access to discovery collections that highlight the unique styles of various regions and producers
  • Blockchain certificate on all bottles
  • Complimentary storage up to 50 bottles
  • Maximum Barrel allocation 3L
  • No Buyer's premium

More details on Crurated Memberships can be found here: https://crurated.com/levels/.

About Crurated
Launched in 2021 with an emphasis on France and Italy, Crurated is a membership–based wine community designed to connect connoisseurs directly with world–class producers. A team of specialists provides personalized services and authentic experiences, while Crurated's seamless logistics service guarantees quality and provenance thanks to secure wine cellar storage and innovative blockchain technology. For more on Crurated, visit crurated.com.

PR Contact
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3c662f1–094a–4df5–91aa–e94030935bcf

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85efcd66–fe45–4964–96f2–5aafc01e5797


GLOBENEWSWIRE (Distribution ID 8711939)

Sweegen announces growth capital investments and manufacturing partnership ahead of Food Ingredients Europe 2022

Rancho Santa Margarita, Calif., Dec. 05, 2022 (GLOBE NEWSWIRE) — Sweegen announced its strategic investment and partnership snapshot ahead of the FI Europe 2022, where it will exhibit zero sugar solutions in immersive food experiences, displaying consumers' favorite foods and beverages with zero sugar solutions in Paris, France, Dec. 6–8.

In the wake of the 2022 company developments of major customer launches, a growing global footprint, and regulatory approvals on its sweeteners and stevia technology, Sweegen is attracting major partners and moving forward with additional growth capital raised from current shareholders, Pasaca Capital and Sumitomo Chemical Co. (Sumitomo), reaching the "unicorn" status.

"Our growth is meaningful in the world of sweetener innovation as we are bringing wellness solutions to food and beverage brands and consumers in new global regions where sugar reduction is not only a major health trend and need but also a movement for a wellness lifestyle," said CEO Steven Chen. "We're grateful that these shareholders continue to have confidence in our vision to open new markets with our global regulatory plans and explore exciting wellness technologies for food and beverages."

Largest CPG Companies as Customers

Sweegen's Signature Bestevia Reb M was the first new–generation stevia technology to receive approval from the European Food and Safety Authority (EFSA).

This landmark approval in 2021, combined with the approval of the regulatory framework for steviol glycosides by the international food safety authority CODEX in 2022, is opening new markets and creating significant opportunities for Sweegen's customers to launch new products.

The world's largest food and beverage producers, including top brands for beverage (non–alcoholic and alcoholic), condiment, dairy, and plant–based products, have entered into commitments, contracts, and purchase orders with Sweegen.

Manufacturing Alliance

With Sumitomo, Sweegen entered into a strategic alliance in which Sumitomo will contribute one of its manufacturing factories in Asia to a joint venture between the two companies.

Sumitomo will assist in quality assurance and quality control at both the Asian facility and Sweegen's manufacturing site in Europe.

"Our manufacturing alliance with an exceptional partner like Sumitomo gives Sweegen's customers the added security and benefit of multiple production facilities and is expected to accelerate Sweegen's market penetration greatly," said Chen.

New Technologies

In addition to the industry's widest range of non–GMO better, tasting Signature stevia ingredients, Sweegen is introducing more advanced sugar–reducing products, such as the sweet proteins Ultratia brazzein and thaumatin.

Sweegen's disruptive peptide technology enables industrial–scale production of brazzein for great cost savings to CPG customers. The commercialization of brazzein has already begun, and Sweegen anticipates a first regulatory approval for the product in 2023.

Thaumatin is 100,000 times sweeter than sugar on a molar basis. The high sweetness factor can translate into a strategic, cost–effective sugar reduction solution for brands seeking to get the most out of natural sweeteners. Sweegen has recently announced the successful scale–up production of these high–intensity sweeteners, and the company expects to receive regulatory approval in the near future.

The Market

The global sugar market is currently at $160 billion. Many global food and beverage companies are currently incorporating Sweegen's products to replace artificial sweeteners, reduce sugar, and launch branded products containing these Sweegen products.

Contacts at FIE

At the FI Europe 2022 trade fair in Paris, Sweegen's booth will be at Stand #7.1D20, where Sweegen's management and global food and beverage applications teams will welcome all food and ingredient customers and business partners.

About Sweegen

Sweegen provides sweet–taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce sugar and artificial sweeteners in the global diet. Partnering with customers, we create delicious zero–sugar products that consumers love. With the best modern sweeteners in our portfolio, such as Bestevia Rebs B, D, E, I, M, and N, and sweet proteins brazzein and thaumatin, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market–leading solutions that customers want, and consumers prefer. Well. Into the Future.

Forward–Looking Statements
This press release includes "forward–looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. Sweegen's actual results may differ from the estimates, assumptions, and other illustrative material contained herein, and consequently, a reader should not rely on these forward–looking statements as predictions of future events. These forward–looking statements include, without limitation, illustrative information regarding Sweegen's bottom–up assumed market potential, assumed hit rate, and the resulting revenue based on these model inputs. These forward–looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Industry, Market, and Other Data
In this press release, we rely on and refer to information and statistics regarding market participants in the sectors in which Sweegen competes and other data. We obtained this information and statistics from our own internal estimates and third–party sources, including reports by market research firms and company filings. We do not expressly refer to these sources. All of this information involves a number of assumptions and limitations, and the sources of such information cannot guarantee the accuracy or completeness of such information. The industry in which Sweegen operates is subject to a high degree of uncertainty and risk due to a variety of important factors, any of which could cause results to differ materially from those expressed in the estimates made by Sweegen or third parties.

Attachments


GLOBENEWSWIRE (Distribution ID 8708571)