Friday, November 27, 2020

BlueNalu signs MOU to bring cell-based seafood to South Korea

BlueNalu, a San Diego food-tech company developing cell-based seafood products, has partnered with Pulmuone to bring cell-based seafood to South Korea.

The Memorandum of Understanding builds on an existing relationship between BlueNalu and Pulmuone, a healthy lifestyle and environmentally-friendly food products specialist.

Earlier this year, the company participated in BlueNalu’s A round of financing, which was announced earlier this year.

The agreement marks the beginning of the first collaboration for BlueNalu in South Korea and represents Pulmuone’s interest in the commercialization of cell-based seafood products that offer consumers healthy, trusted and safe solutions that are sustainable for the planet.

The companies will collaborate in areas such as marketing, regulatory, operations and distribution with an aim to bring BlueNalu’s products to markets in South Korea during the coming years.

BlueNalu’s cellular aquaculture technology will allow it to produce a wide array of seafood products from a variety of species, without genetic modification, and will be free of microplastics, toxins, mercury and other environmental contaminants.

The global pandemic has brought awareness to the vulnerability of our food supply. Cell-based seafood is a solution to food security and addresses the important issues of traceability, transparency and safety.

“This agreement with Pulmuone represents our shared values and respect for healthy families, a healthy ocean, and a healthy planet,” stated Lou Cooperhouse, president & CEO of BlueNalu.

“We plan to launch BlueNalu cell-based seafood products initially in the United States, but we also recognize there is significant and increasing market demand for high quality seafood in South Korea, while supply becomes increasingly vulnerable and potentially contaminated with microplastics, mercury, and environmental pollutants. Partnerships are critical for our success and we are proud to partner with Pulmuone.”

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