Mondelez27 Mar 2019 07:58
Elric: I suppose we should start with the BB gossip around Mondelez international, which makes Cadbury chocolates, and PepsiCo India, and their response to changing consumer preferences by cutting salt, fat and sugar. The focus has been on Cadburys of course, due to the BBC highlighting the company had been working with the University of Reading on a sweet fibre extracted from plant, this being linked to an RNS on 11th July, 2017, where you reported Customised oligosaccharides derived from Stevia showed a large reduction in bitterness whilst not affecting its sweetness. I’m sure you will agree it looks tantalizing from an investor point of view.
Stephen O’Hara: I can’t mention specific companies because of NDA’s, and it often takes several weeks before an agreement on the wording of an RNS has been agreed, as you will recall in TATA’s case, this took five months, in a presentation, but not an RNS. So, I can’t disclose the partner, but we are working with and have had high level talks with the biggest corporates, these include, the Cadbury’s, mondelez, Nestle’ and the Kelloggs, all of those we speak to as there is high interest internationally in both our LPGOS and SweetBiotix.