PURE Bioscience Announces an International Supply and License Agreement with AgroVet Alliance

Rhea-AI Summary

PURE Bioscience has signed a multi-year international supply and license agreement with AgroVet Alliance. This partnership will see the distribution of PURE's patented, non-toxic silver dihydrogen citrate (SDC) antimicrobial products across the Middle East and North Africa. Jeff Kitchell, VP of Operations at PURE, highlighted the strategic fit between PURE's vision and AVA's established network in the animal health sector. AVA's CEO, Nick Nikooforsat, expressed excitement about offering SDC products to their network, emphasizing the potential business impact for their customers. SDC stands out due to its dual-action mechanism, effectively killing a broad spectrum of microbes and having a long shelf life, unlike traditional silver-based disinfectants.

Positive

• PURE Bioscience has entered into a multi-year international agreement, expanding its market reach.
• The partnership taps into AVA's established distribution network in the Middle East and North Africa.
• SDC products are positioned as superior to traditional silver-based disinfectants due to their long shelf life and dual-action mechanism.
• AVA’s excitement highlights the positive reception and potential for success in the market.

Negative

• The press release does not specify any immediate financial gains or projected revenue increases from the agreement.
• Dependence on AVA’s network could pose a risk if their distribution capabilities falter.

EL CAJON, Calif.--(BUSINESS WIRE)-- PURE Bioscience, Inc. (OTCQB: PURE) (“PURE,” the “Company” or “we”), creator of the patented non-toxic silver dihydrogen citrate (SDC) antimicrobial, and AgroVet Alliance, FZE (“AVA”), have entered into a multi-year international supply and license agreement for the purchase and selling of SDC products under special terms and conditions.

Jeff Kitchell, VP of Operations for PURE, said, “AVA has been doing business worldwide in the animal health and livestock industry for decades. We are excited about AVA’s opportunity to add the SDC family of products to an existing network of distributors and customers in the Middle East and North Africa. Our vision for SDC products in this industry aligns perfectly with AVA’s business model, and we are thrilled to partner with AVA.”

Nick Nikooforsat, Chief Executive Officer for AVA, said, “We are extremely excited to add PURE’s SDC products to our network of distributors and partners. This is an opportunity to help our customers make a real difference in the success of their business with SDC.”

How SDC Works

SDC kills microorganisms by two modes of action: 1) the silver ion deactivates structural and metabolic membrane proteins leading to microbial death; 2) the microbes view SDC as a food source, allowing the silver ion to enter the microbe. Once inside the organism, the silver ion denatures the DNA, which halts the microbe’s ability to replicate and leads to its death. This dual action makes SDC highly and quickly effective against a broad spectrum of microbes. Traditional silver-based disinfectants have short shelf lives – from hours to days. SDC is a stabilized silver ion complex with a shelf life of several years. The unique bond between the silver ions in SDC allows the silver ion to remain in solution while at the same time making it more bio-available for antimicrobial action.

About AgroVet Alliance

AVA has served the Middle East and North Africa for over 20 years with quality products. It distributes premium animal healthcare products such as, feed and feed additives, feed sanitizers, veterinary pharmaceuticals, vaccines, disinfectants, feed enzymes, horse and camel nutrition, and specialty mycotoxin binders. This allows them to be a single source supplier for many poultry integrators, dairy farms, commercial feed mills, veterinary clinics, veterinary pharmacies, and even a small family farm. AVA has adapted to the needs of the ever-changing animal health market. This strength has allowed them to position themselves in the Middle East, North Africa, and other locations to provide excellent efficacy in their product offerings and customer service. AVA’s growth over the past 20 years has made them the leader in supplying premium animal health products and solutions to the many regions they serve. AVA is committed to offering its customers the best product selection, sales support, services, logistics, and technical support. They are experts in animal health, feed milling, animal nutrition, water quality, and biosecurity and help their customers maintain the highest level of productivity. Their staff are highly trained in the industry and are always willing to go the extra mile. Customer success is the goal and they will continue to provide value-added services and a wide array of products to help them succeed.

About PURE Bioscience, Inc.

PURE focuses on developing and commercializing our proprietary antimicrobial products primarily in food safety. We provide solutions to combat the health and environmental challenges of pathogens and hygienic control. Our technology platform is based on patented, stabilized ionic silver, and our initial products contain silver dihydrogen citrate, better known as SDC. This is a broad-spectrum, non-toxic antimicrobial agent, and formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity, and mitigation of bacterial resistance. PURE’s mailing address of 771 Jamacha Rd. #512, El Cajon, California 92019 (San Diego County area) serves as its official address for all business requirements. Additional information on PURE is available at www.purebio.com.

Forward-looking Statements: Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Statements in this press release, including quotes from management, concerning the Company’s expectations, plans, business outlook, future performance, future potential revenues, expected results of the Company’s marketing efforts, the execution of contracts under negotiation, and any other statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are “forward-looking statements.” Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s failure to implement or otherwise achieve the benefits of its proposed business initiatives and plans; acceptance of the Company’s current and future products and services in the marketplace, including the Company’s ability to convert successful evaluations and tests for PURE Control and PURE Hard Surface into customer orders and customers continuing to place product orders as expected and to expand their use of the Company’s products; the Company’s ability to maintain relationships with its partners and other counterparties; the Company’s ability to generate sufficient revenues and reduce its operating expenses in order to reach profitability; the Company’s ability to raise the funding required to support its continued operations and the implementation of its business plan; the ability of the Company to develop effective new products and receive required regulatory approvals for such products, including the required data and regulatory approvals required to use its SDC-based technology as a direct food contact processing aid in raw meat processing and to expand its use in OLR poultry processing; competitive factors, including customer acceptance of the Company’s SDC-based products that are typically more expensive than existing treatment chemicals; dependence upon third-party vendors, including to manufacture its products; and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission (the SEC), including its Form 10-K for the fiscal year ended July 31, 2023, Form 10-Q for the fiscal first quarter ended October 31, 2023, Form 10-Q for the fiscal second quarter ended January 31, 2024, and Form 10-Q for the fiscal third quarter ended April 30, 2024. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618592188/en/

Mark Elliott, VP Finance

PURE Bioscience, Inc.

Phone: 619-596-8600 ext.: 116

Source: PURE Bioscience, Inc.

FAQ

What is the recent agreement between PURE Bioscience and AgroVet Alliance?

PURE Bioscience has entered a multi-year international supply and license agreement with AgroVet Alliance to distribute SDC antimicrobial products across the Middle East and North Africa.

What is the significance of the PURE Bioscience and AgroVet Alliance deal?

The deal allows PURE Bioscience to expand its market reach, leveraging AgroVet Alliance's established network in the animal health and livestock industry.

How does SDC antimicrobial work?

SDC kills microorganisms through two modes of action: deactivating membrane proteins and denaturing DNA, leading to microbial death.

Why is SDC considered superior to traditional silver-based disinfectants?

SDC has a longer shelf life and a dual-action mechanism that makes it highly effective against a broad spectrum of microbes.

What regions will benefit from the PURE and AgroVet Alliance agreement?

The agreement targets the Middle East and North Africa regions.

How long is the shelf life of SDC products?

SDC products have a shelf life of several years, unlike traditional silver-based disinfectants that last from hours to days.