GlobeNewswire

Fooditive upcycles food waste into innovative sweetener

Share

The story of a plant-based solution sweetener

ROTTERDAM, Netherlands, May 04, 2021 (GLOBE NEWSWIRE) -- The words ‘healthy’ and ‘natural’ are not often linked to sugar substitutes, but Fooditive BV wants to change that. Over the past decade, the Netherlands-based food ingredient manufacturer has been pear-suing sustain-apple solutions to combat global sugar intake. In 2018, this became a reality with its plant-based and chemical-freesweetener. Since then, Fooditive has focussed on improving the health status of products that use sugar replacements by providing an affordable alternative to other options on the market. And this is how.

As put by Fooditive’s Product Development Manager, Niki Karatza, "Developing a sweetener that could successfully replace sugar in food products required us to first understand the true essence of sugar. We managed that by diving into the science behind sucrose, its taste and its unique functionalities."

This was achieved through an innovative process: the reverse engineering of sucrose. By starting with the end product and working backwards, it allowed Fooditive to analyse the ingredients’ properties and therefore understand how it could mimic the characteristics of sugar in its sweetener. Combining this knowledge with apple and pear waste led to the creation of Fooditive Sweetener®, which is 70% as sweet as sugar and does not raise insulin or blood glucose levels.

With sustainability and transitioning to a circular economy as Fooditive’s core principles, it obtains the raw materials for its sweetener in two ways. Firstly, it collaborates with Dutch farmers to salvage both organic and non-organic unwanted apples and pears, and secondly, it collects the side streams of these fruits from other production processes. Once gathered, a continuous fermentation process, which means that more sweetener can be yielded in a shorter amount of time, is used to extract fructose and convert it into keto-fructose; this end product is the sweetener.

For 2021, founder and food scientist Moayad Abushokhedim has set a weekly goal to produce around 30 tonnes of Fooditive Sweetener® by upcycling 83 tonnes of third-grade fruit. With this projection, it will become more widely accessible to consumers in a range of products including Gigi Gelato and Hero jam in the Netherlands.

In Germany, Fooditive was nominated for the Healthy Living Award 2020 for its innovation and positive contribution to the organisation’s eathealthy-philosophy. Fooditive Sweetener® will also feature in the Seicha GmbH drinks as of this year.

“Since the founding of Seicha, my brother and I have been searching for a natural sweetener that has a pleasing taste and no calories. With Fooditive, we have finally found a suitable partner, with which we will revolutionize the beverage industry in Europe. Seicha will launch the world's first organic certified Zero Iced Tea in Q2 2021. The organic iced tea will be launched in three flavors: Green Tea & Ginger; Rooibos Tea & Mango Passion Fruit; and Black Tea & Orange Vanille.” (Co-founder, Benjamin Böning)

With new products in the works and many other companies going bananas for Fooditive Sweetener®, 2021 is set to be an even more promising year, as the company continues to make healthy food and drinks affordable for everyone, all the while fighting food waste.

About:

Fooditive BV was founded in 2018 with the aim to make healthy food affordable. Its core business model relies on delivering natural and healthy innovation to food companies, with the Fooditive sweetener as its main product. The company’s philosophy is based on three values: plant-based, sustainability, and innovation.

Keeping healthy and nutritious products in mind, we aim to provide food that is tasty, low in calories, high in fibre, and has a high supply chain impact. Fooditive implements the three pillars of sustainability into the business model: caring for people by providing healthy alternatives and raising health awareness; operating within a circular economy by reusing, reducing, and recycling; and minimizing environmental impact by using side streams to create products. Finally, to be able to deliver on the demand, we work with many types of partners to get the best out of new types of side-streams affordably and easily.

Fooditive is based in Rotterdam, the Netherlands. For more information about the company, contact Bahar Yalmaz

pr@fooditive.nl, call +31 10 3216167 or visit www.fooditive.nl.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/018d3ec6-6e66-4bfa-9dc7-dd44860966f2

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Novo Nordisk A/S – Share repurchase programme7.5.2021 21:31:30 CEST | Press release

Bagsværd, Denmark, 7May2021 — As part of the up to DKK 18 billion 2021 share repurchase programme, Novo Nordisk A/S has now initiated a new share repurchase programme for an amount of up to DKK 3.3 billion in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules”). For that purpose, Novo Nordisk A/S has appointed Skandinaviska Enskilda Banken, Danmark, filial af Skandinaviska Enskilda Banken AB, as lead manager to execute the programme independently and without influence from Novo Nordisk A/S. The purpose of the programme is to reduce the company’s share capital and to meet obligations arising from share-based incentive programmes. Under the agreement, Skandinaviska Enskilda Banken, Danmark, filial af Skandinaviska Enskilda Banken AB, will repurchase B shares on behalf of Novo Nordisk A/S during the trading period starting 10 May 20

Novo Nordisk A/S purchases B shares worth DKK 2,586 million from Novo Holdings A/S under the 2021 share repurchase programme7.5.2021 21:24:00 CEST | Press release

Bagsværd, Denmark, 7 May2021 — Novo Nordisk A/S has today entered into an agreement to purchase 5,610,000 B shares of DKK 0.20 to a value of DKK 2,586 million from Novo Holdings A/S. This transaction is part of Novo Nordisk A/S’ 2021 share repurchase programme of up to a total of DKK 18 billion to be executed during a 12-month period beginning 3 February 2021. The transaction price is DKK 461.04 per share and has been calculated as the three-day volume weighted average market price from 5 May 2021 to 7 May 2021 in the open window following the announcement of Novo Nordisk A/S’ quarterly financial results. Prior to the sale of B shares, Novo Holdings A/S’ ownership of Novo Nordisk A/S was 28.5% of the share capital and 76.9% of the votes. Following the transaction, Novo Holdings A/S owns 537,436,000 A shares of DKK 0.20 and 116,129,000 B shares of DKK 0.20, corresponding to 28.3% of the capital and 76.8% of the votes in Novo Nordisk A/S. The transaction is in line with the announcement

RomReal: Mandatory notification of insider trade - Chairman and CEO of RomReal Kjetil Gronskag7.5.2021 19:34:48 CEST | Press release

Kjetil Gronskag, Chairman and CEO of RomReal Ltd has today 07 May 2021, purchased 2000 shares of RomReal at NOK 1.74 per share in RomReal Ltd. Following this trade, Kjetil Gronskag controls privately and through holding companies 4,546,127 shares in RomReal Ltd. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

PRFOODS NOTICE OF NOTEHOLDERS’ MEETING7.5.2021 16:58:01 CEST | Press release

AS PRFoods (registry code 11560713, registered address at Pärnu mnt 141, 11314 Tallinn, Estonia; “PRFoods”) hereby notifies persons holding the notes (the “Noteholders”) of the Issuer, due on 22 January 2025 and bearing ISIN code EE3300001577 (the “Notes”), issued under the Terms and Conditions of Secured Note Issue of AS PRFoods dated 14 January 2020 (which have been amended on 25 February 2020; the “Terms”), of convening a meeting of Noteholders (the “Meeting”). The Meeting will be held on 24 May 2021 at 12:00 (EET) at Peetri 12 (Kai Kunstikeskus), 10415 Tallinn, Estonia. Registration for the Meeting will be open at the venue of the Meeting from 11:00 to 11:45 (EET). The management of PRFoods requests all Noteholders to consider that due to COVID-19 caused by the coronavirus, it is advised to minimise the extent of physical gatherings and the participation therein. For this purpose, the management of PRFoods advises to consider authorising representatives of the collateral agent to p

AS PRFoods is Planning an Issue of Subordinated Convertible Notes and Tap-Issue of Secured Notes7.5.2021 16:44:03 CEST | Press release

THIS NOTICE IS NOT INTENDED FOR PUBLICATION, ALLOCATION OR TRANSMISSION, IN PART OR WHOLLY, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, OR ELSEWHERE THE DISCLOSURE OR TRANSMISSION OF THIS INFORMATION IS NOT ALLOWED. AS PRFoods (registry code 11560713, “PRFoods”) announces that due to the continuing pandemic caused by COVID-19 and the extraordinary effects the pandemic and the measures implemented to combat the pandemic have had on the economic environment, including on the economic operations of PRFoods during the pending 2020/2021 financial year (i.e. the financial year 01.07.2020 – 30.06.2021), PRFoods deems necessary to reinforce its capital structure for the purposes of ensuring a smoother and faster recovery from the negative impacts caused by COVID-19 in the upcoming 2021/2022 financial year (i.e. financial year 01.07.2021 – 30.06.2022). In connection with the above, PRFoods hereby informs that, for the

CONDITIONS FOR PURCHASES OF CORPORATE BONDS7.5.2021 16:20:00 CEST | Press release

Bid procedure, 2021-05-12BondsBonds issued in SEK by Swedish non-financial undertakings. The following bonds are eligible for delivery: ELLEVIO AB: XS1562583937, 2024-02-28 HUSQVARNA AB: SE0013359486, 2024-12-04 HUSQVARNA AB: SE0010869677, 2023-02-14 LUNDBERGFORETAGEN AB: SE0012676609, 2025-11-13 LUNDBERGFORETAGEN AB: SE0009241524, 2023-10-24 WILLHEM AB: SE0012193985, 2025-02-22 WILLHEM AB: SE0013882966, 2024-04-08 CASTELLUM AB: SE0011062827, 2023-05-17 CASTELLUM AB: SE0012675916, 2025-11-27 Delivery of a Bond may not occur if the Counterparty has purchased the Bond from the issuer more recently than one month prior to the date of announcement of the Special terms, that is, the purchase may not have taken place after: 2021-04-12Bid date2021-05-12Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)XS1562583937: 30 mln SEK +/-30 mln SEK SE0013359486: 30 mln SEK +/-30 mln SEK SE0010869677: 30 mln SEK +/-30 mln SEK SE0012676609: 30 mln SEK +/-30 ml

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK GOVERNMENT BONDS7.5.2021 16:20:00 CEST | Press release

Bid procedure, 2021-05-14BondsSWEDEN I/L BOND: 3113. SE0009548704. 2027-12-01 SWEDEN I/L BOND: 3111, SE0007045745, 2032-06-01 Bid date2021-05-14Bid times09.00-10.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)3113: 500 mln SEK +/-250 mln SEK 3111: 500 mln SEK +/-250 mln SEK Highest permitted bid volume (corresponding nominal amount)3113: 500 mln SEK per bid 3111: 500 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 10.15 (CET/CEST) on the Bid dateDelivery and payment date2021-05-18Delivery of bondsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383 Stockholm, 2021-05-07 This is a translation of the special terms and conditions published on www.riksbank.se. In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms and conditions can be