Key Takeaways:
- Innovative Expansion: Pluri Inc. has expanded its IP portfolio with a new patent aimed at revolutionizing the agtech sector.
- Sustainable Solutions: The patented technology allows for the efficient cultivation of plant cells, promising significant reductions in water use and land area for agriculture.
- Market Potential: Positioned to impact the $515 billion cellular agriculture market by 2030, this technology aligns with global sustainability and healthcare needs.
- Leadership and Vision: With over 140 patents, Pluri underscores its commitment to leading the way in sustainable agriculture and healthcare solutions.
Pluri Inc. (Nasdaq: PLUR) (TASE: PLUR) has recently announced the addition of a significant patent to its intellectual property portfolio. The patent, known as “A System for 3D Cultivation of Plant Cells and Methods of Use,” introduces an advanced technology in Pluri’s 3D bioreactor systems, aimed at redefining the fields of sustainable agriculture and healthcare through efficient plant cell cultivation.
Sustainable Agriculture and Healthcare Solutions
The newly patented technology underlines Pluri’s commitment to sustainability, with an immediate application in producing cell-based coffee. According to the company, this method can produce coffee requiring 98% less water and 95% less land compared to traditional farming methods. Additionally, the technology holds potential for addressing conservation concerns, particularly for medicinal plants considered at risk.
Yaky Yanay, Pluri’s CEO and President, highlighted the importance of this innovation, stating, “This key patent not only solidifies our leadership in cell expansion technology but also aligns with our strategic vision to scale the production of cell-based products industrially, potentially opening a broad spectrum of market opportunities.”
Market Prospects and Growth Trajectory
The cellular agriculture market, valued at $133 billion in 2021, is anticipated to expand to $515 billion by 2030. Pluri’s recent patent positions the company to capitalize on this growth, potentially shaping the future of cellular agriculture with its scalable, cell-based production technology.
Pluri Inc.’s Strategic Positioning
With over 140 active and granted patents, Pluri Inc. affirms its leading position in the agtech industry. The patent from the Israel Patent Office strengthens Pluri’s innovative capabilities and competitive advantage. “We believe this patent positions Pluri as a leader in cell expansion technology for the agtech industry,” Yanay remarked. He further emphasized the wide-ranging applications of their technology, from food and beverages to medicinal ingredients, showcasing the company’s potential to spearhead sustainable solutions across various sectors.
Pluri Inc.’s announcement of its latest patent is a significant development in the agtech sector, promising advancements in sustainability and healthcare. With a strategic vision and a robust IP portfolio, Pluri Inc. is set to influence the cellular agriculture market and contribute to addressing global sustainability challenges.
Expands Biotech Horizons (2024/02/29)
Pluri Inc., led by CEO Yaky Yanay, has made considerable progress across its various business areas. Pluri has expanded into new business verticals, including PluriAgtech for agriculture and PluriCDMO for biotech companies. The company has also developed sustainable, cell-based coffee and collaborated with the NIH and Bar-Ilan University for healthcare advancements. Pluri’s subsidiary, Ever After Foods, has achieved a 700% increase in productivity in cultivated meat production. Overall, Pluri is committed to building a better future through innovation and collaboration.
Launches Innovative Cell-Based Coffee Business (2024/01/24)
Pluri Inc. has launched a new cell-based coffee business under its PluriAgtech vertical. The initiative aims to revolutionize the coffee industry by providing eco-friendly alternatives to traditional farming methods using breakthrough cell technology. It is estimated to reduce water usage by 98%, minimize the environmental impact of coffee production, and reduce price instability in the traditional coffee market. The company plans to develop this initiative into a new subsidiary, led by Michal Ogolnik, who brings over 20 years of executive management experience. Pluri’s CEO, Yaky Yanay, expressed a strong belief in the potential of cell technology to enhance the productivity and sustainability of farming and food cultivation.
