With Sales Up Over 120%, Pressure BioSciences to Host Q1 2021 Financial Results and Business Update on Wednesday, May 19, 2021

Rhea-AI Summary

Pressure BioSciences, Inc. (PBIO) reported a significant rebound in its Q1 2021 financial results, marking the strongest quarter since Q4 2018, with revenue surpassing Q2 2020 levels. The company is also nearing the acquisition of an accretive, eco-friendly agrochemical supplier, which aligns with its strategic growth objectives. A teleconference is scheduled for May 19, 2021, to discuss these results and provide further business updates.

Positive

• Q1 2021 financial results were the strongest since Q4 2018.
• Revenue already exceeds Q2 2020 figures.
• Acquisition of a promising agrochemical supplier in progress.

Negative

• None.

Q1 Financial Results Strongest Since Q4 2018; Q2 Revenue Already Exceeds Q2 2020.

Purchase of Accretive, Eco-Friendly Agrochemical Supplier Nearing Close.

SOUTH EASTON, MA / ACCESSWIRE / May 18, 2021 / Pressure BioSciences, Inc. (OTCQB:PBIO) ("PBI" and the "Company") today announced that the Company will host a teleconference to discuss its First Quarter 2021 financial results and provide a business update. Anyone interested may listen to the teleconference either live (by telephone) or through a replay (by telephone or via a Company website link).

The teleconference will include a Company presentation followed by a Question & Answer period.

Date: Wednesday, May 19, 2021. Time: 4:30 PM Eastern Time (ET).

To attend this teleconference, live by telephone: Dial-in (877)-407-8033 (North America); 201-689-8033 (International). Verbal Passcode: PBI Q1 2021 Financial Call and Business Update.

For those unable to participate in the live teleconference, a replay will be available beginning Thursday, May 20, 2021. The replay will be accessible via telephone and the Company's website for 30 days. Replay Number: (877)-481-4010 (North America); (919) 882-2331 (Int'l); Replay Passcode: 41416.

About Pressure BioSciences, Inc.

Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or PCT) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to control biomolecular interactions safely and reproducibly (e.g., cell lysis, biomolecule extraction). Our primary focus is the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired, patented technology from BaroFold, Inc. (the "BaroFold" technology) to allow entry into the bio-pharma contract services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology ("UST") platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.

For more information about PBI and this press release, please click on the following link:
http://www.pressurebiosciences.com

Please visit us on Facebook, LinkedIn, and Twitter.

Investor Contacts:

Richard T. Schumacher, President and CEO (T) (508) 230-1828
Jeffrey N. Peterson, Chairman of the Board (F) 508-230-1829

SOURCE: Pressure BioSciences Inc.

View source version on accesswire.com:
https://www.accesswire.com/647913/With-Sales-Up-Over-120-Pressure-BioSciences-to-Host-Q1-2021-Financial-Results-and-Business-Update-on-Wednesday-May-19-2021

FAQ

What were the Q1 2021 financial results for PBIO?

PBIO reported the strongest Q1 financial results since Q4 2018, with notable revenue growth.

When is the PBIO teleconference to discuss financial results?

The teleconference is scheduled for May 19, 2021, at 4:30 PM ET.

What acquisition is Pressure BioSciences pursuing?

PBIO is nearing the acquisition of an eco-friendly agrochemical supplier, which is expected to be accretive.

How does PBIO's revenue compare to previous quarters?

PBIO's Q1 2021 revenue already exceeds that of Q2 2020.