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Food and Beverages | Monday, August 02, 2021
NextFerm Technologies, a food-tech business developing ProteVin has earned its first commercial Purchase Order for ProteVin from a US customer.
FREMONT, CA: NextFerm Technologies, a food-tech business that is developing ProteVin, a vegan, yeast-based, non-GMO protein replacement, and other revolutionary yeast-based nutrients, has earned its first commercial Purchase Order for ProteVin from a US customer.
PrimaLife Nutrition, a new brand aspiring to be the first in the US to release a vegan sports protein powder built on ProteVin and offer athletes for the first time a vegan formula with nutritional content comparable to whey protein powder and outstanding taste, placed a $70,000 Purchase Order.
According to the company's strategic plan for the commercialization of ProteVin in 2022, this Purchase Order signifies the accomplishment of the second of three goals established for 2021. ProteVin is expected to get further Purchase Orders by the end of 2021, based on developments with several potential customers.
On the manufacturing side, the organization is now in discussions with many potential food industry subcontractors and is on track to sign a deal with one by the end of 2021.
Boaz Noy, Chief Executive Officer of NextFerm, said, "We are happy to announce of the receipt of first commercial Purchase Order for Protevin by PrimaLife Nutrition LLC, an emerging vegan-based sports' nutrition brand from Florida. This order represents the achievement of yet another important milestone for commercialization Protevin by 2022, earlier than anticipated, and serves as a great vote of confidence in our technology and the benefits it has to the end consumers. In light of our progress with other potential customers, we expect to receive additional orders in the coming months as we advance towards engagement with manufacturing sub-contractor before the end of this year."
Walter Ross, Owner of PrimaLife Nutrition, said, "I intend to promote Protevin through multiple channels, including digital campaigns as well as traditional brick and mortar stores. As someone who has received education and certifications in Sports Nutrition and Personal Training, I see great value in Protevin due to its high degree of sustainability and complete amino acid profile. Having a single-ingredient, environmentally friendly, and complete protein, with digestibility comparable to whey, makes Protevin a perfect solution. I also believe its flavor-neutral profile and a shelf-life similar to current market categories make implementing the technology and creating a demand feasible," Mr. Ross concluded.