Eat Well Updates on its Plant-Based FoodTech Portfolio Company Led By Top Food Scientist and Twisted Cheetos Inventor
Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) (FRA: 6BC0) released an operational update this morning on its food technology portfolio company Sapientia Technology. Eat Well closed its acquisition of Sapientia, along with pulse processing company Belle Pulses, this summer.
Led by Dr. Eugenio Bortone, one of the world’s most preeminent food scientists, extrusion processing experts, and inventor of PepsiCo (NASDAQ: PEP) owned Frito-Lay Twisted Cheetos, Sapientia has created and filed four foundational patents revolving around the “protein curl” and crispy puff style snack. By focusing on the texture and crunch, Sapientia’s disruptive patents solve one of the significant problems large-scale snack-food companies have struggled with for years; the utility of the snack; including texture, flavour, and offering a guilt-free, not fried, natural and healthy alternative to the majority of snack food products on the market today.
Commenting on today’s operational update, Dr. Gino Bortone, Founder and CEO of Sapientia, stated:
Source: Eat Well Investor Presentation
Sapientia Technology is focused on disrupting the entire snack food market, estimated to reach $736 billion by 2026.
Sapientia has developed a breakthrough in fried vs. baked extrusion technology processing, creating a proprietary trade secret. Sapientia has created a unique process that produces the textural attributes of a fried product that is instead baked, with an immense nutritional value as a “better for you” source of protein and fibre, with reduced fat.
Dr. Eugenio Bortone and his team of culinary chefs who work in partnership with seasoning houses have developed natural 100% plant-based seasonings that are entirely vegan. Intellectual property centred around process and formula that uniquely creates plant-based food snacks with very high nutritional value, palatability, and a crispy eating experience.
Sapientia owns a significant portfolio of process trade secrets and patents, most notably a transformational path of a puffy snack into a crunchy crisp, something that has presented a tremendous challenge to leading international CPG players over the past 30 years. The goal is to include increased nutritional credentials to a product that has historically been full of empty calories, fat, and carbs, which is precisely what Sapientia has achieved.
Source: Eat Well Investor Presentation
Sapientia is focused on product development in several areas of the snack food market. With years of R&D behind the company, Sapientia is pleased to announce it will be commercializing its products in the coming months, including a wide array of new protein products targeting people and pets.
In addition to the existing patents, Sapientia is pleased to announce that it has formed a strategic plant-based Eat Well phytoIP platform in addition to the existing patents. This new strategic initiative will research high moisture meat analogue (“HMMA”) alternatives, fermentation processes, plant-based protein cultivation, and phytonutrient-forward formulae to deploy across foods and beverages. Led by Dr. Bortone and his team and leveraging Dr. Bortone’s extensive network and global reach in the plant-based food industry, Sapientia is in active discussions with several marquis players in bioinformatics biomimicry and extrusion technology to develop the next generation of plant-based foods.
Saskatchewan Food Industry Development Centre
Through its portfolio companies, Eat Well Group continues to collaborate with the Saskatchewan Food Industry Develop Centre Inc. (“Food Centre”) to commercialize and expand the product offerings of its investee companies, Dan Prefontaine, President of the Food Centre and strategic advisor to Eat Well Group has been an essential liaison between the two organizations to help drive continued innovation in plant-based food products. Dan Prefontaine has assisted over 400 companies to develop over 900 CPG products in his 30+ year career to date.
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