Pressure BioSciences Announces Contracted Production Launch for Estimated $3,000,000 of UST-Processed, Nanoemulsified CBD Spray for Oral Use - Seite 2

Mr. Hollister continued: "The feedback we have received across many sample products created with UST has exceeded all expectations. The application of UST to provide greatly improved delivery and functionality of oil-based active materials and products via nanoemulsification offers enormous potential to translate into a diverse array of major commercial opportunities for our partners and for PBI, while benefitting and redefining product expectations for consumers worldwide."

Captain George Ackerson, Founder and CEO of SMM, shared his plans: "With this partnership and distribution agreement in place, our mission is now on the successful launch of the nanoemulsified CBD oral spray. This launch includes a key focus on accessing U.S. veterans, a group we believe will benefit greatly from this innovative product. We are reaching out to the Veterans Administration and developing plans to work with the not-for-profit Veteran Seal Team, Inc. ("VST"). In addition to direct sales through our website, we are setting up distribution with a network of nurses who specialize in the needs of veterans."

Captain Ackerson continued: "SMM has been distributing wellness products for many years, giving us significant experience in the best ways to get novel, breakthrough products into the hands of consumers. The PBI partnership is built upon estimated first-year sales of over $3 million dollars, to be achieved through three planned phases of roll-out at increasing scale. With our current and planned distribution channels, we believe this goal is more than attainable."

Mr. Richard T. Schumacher, President and CEO of PBI, summed up: "This first UST commercialization and partnering agreement with Captain Ackerson and Safer Medical of Montana is a pivotal transition moment in the history of PBI. We are expecting to announce significant additional agreements in the very near future, specifically in markets with an expected quick ramp to revenue, such as cosmetics, agrochem, and nutraceuticals. We also believe that our co-leadership role in the Food Industry Consortium with partner The Ohio State University, whose mission is to introduce the UST platform to food and beverage companies worldwide, will soon result in additional revenue-generating agreements. We expect that the substantial revenue expected from these future agreements will accelerate balance sheet improvements and help finance PBI's operations, investments, growth, and trajectory to profitability before the end of 2023."