Småbolagsjakten 06.03.2019
OptiFreeze in brief OptiFreeze AB has a patented technology that preserves the taste, shape and texture of vegetables, fruits and berries throughout the freezing and thawing process. This technology enables OptiFreeze to improve the shelf life of vegetables, fresh cut fruits, flower cuttings and other plants. The same technology can be used to dry fruits, vegetables, herbs and spices aiming to reduce the drying time while preserving the fresh-like taste, smell and color. The technology opens new business opportunities for food and plant propagation industry all around the world. • Founded in 2011 by scientists at Department of Food Technology, University of Lund (LU Innovation) and Arc Aroma Pure AB • Based on patented research (EP2201084B1; US8563060 - Method for the Conservation of Plant Material) • Listed at Spotlight Stock market since June 2014 • Located in Lund with 8 employees
Basic principles of the process Innovative Method involves two steps: 1) Vacuum Infusion 2) Pulsed Electric Field (PEF)
Increase quality of products Improve growing performance Benefits of Prolonged shelf life Speed up drying OptiFreeze technology Reduce waste, save energy, time and goods Aroma, color and taste preservation Control Treated Control Treated
Business idea • Our offering • Production line, OptiCept TM • Additives – unique to each product, OptiCap TM • Know how and technology
Application areas Innovation Marketing Proof of Concept Pilot tests Sales Industrial Standard OptiFlower OptiDry OptiFresh OptiFreeze
OptiFlower Problem Portfolio of flowers • Pelargonium Short life time! • Mandevilla Loss during and after transportations • Argyranthemum • Lavandula Solution • Aubrieta +Extended life time +Better and faster rooting +Better growing performance +Better apperance Control Treated Control Treated All cuttings are stored 10 days in the fridge
OptiFlower Market • 2.5 billion cuttings are sold each year around the world • 5 big players in the market The Netherlands Farms End Users
The Syngenta Partnership Syngenta - One of the World’s leading agriculture companies. Syngenta provide products and solutions to help farmers achieve global food security for a growing population. Syngenta is a global company with more than 28 000 employees in over 90 countries. Through the partnership, Syngenta is committed to improve farm productivity, rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. The partnership focuses on; • developing recipes for defined crops, • define market strategy, • Co-operation with interested third parties, • find new business areas for the OptiFreeze technology within the flower and plant industry. Syngenta have stated their intention to make this innovative process an industrial standard. The agreement does not include any exclusivity to Syngenta, which means the technology will be marketed to everyone.
Revenue model – Estimation of Revenues OptiFlower Timeline OptiCept OptiCap Royalty 0 Buy - - 6 months Delivery Delivery - Year 1 Payment Payment Payment - Year 2-5 Payment Payment Accumulated 7,5 - 15 MSEK * * 7,5 - 15 MSEK / per unit over 5 years.
Other application areas Status Customer site Solutions for the drying industry pilot tests Market size 40 billion €* Solutions for the fresh cut industry Customer site Market size 40 billion €* tests, pilot tests Solutions for the deep-frozen industry Customer site tests, pilot tests Market size 290 billion €* * estimates
OptiFresh OptiDry OptiFresh Control Treated Control Treated Both mango and apples are stored in the fridge for 2 weeks
Patent Portfolio 1. Method for the Cryopreservation of a plant material • EP2201084B1; US8563060 patented in 2013 2. Apparatus and Method for Extending Shelf Life of Food Products Comprimising water and soft tissue • WO2016153413 - Application is filed in 2015, pending in US and EP (Europe) 3. Method Involving PEF treatment and Drying • WO2017176201 - Application is filed in 2016, pending in US and EP 4. Method Treating a Plant Material • Swedish Application number: 1851543-7 filed on: 2018-12-11
Board of Directors and owners Shareholder (Febuary 2019) Share (%) Arc Aroma Pure AB (publ) 15,3% Avanza Pension Försäkring AB 6,5% Prof. Petr Dejmek 5,1% Göran Hedbys, Elisabeth Yllfors, Prof. Petr Dejmek, Board member , Pui Yeu Phoon, PhD 4.2% Board member Chairman Assoc. Prof. Federico Gomez Galindo 3,8% Katarzyna Dymek, PhD 3,6% Nordnet Pension Försäkring 3,1% J.O. Möllerström Brothers Operation AB 1,6% Total holding of the 8 largest shareholders 39,0% Anders Hättmark, Johan Möllerström, Prof. Federico Gomez, Board member Deputy Deputy
Looking ahead… • Breakeven results during 2020 • Sell and install 10 lines to customers in the OptiFlower segment within 3 years • Sell process lines on other applications during the same period • Explore new OptiFlower applications with the same technology • Cut flowers • Fruit and vegetable cuttings • Other plants • New application areas are likely to be found in future!
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