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Wide Open Agriculture (ASX:WOA) - Managing Director, Ben Cole - The Market Herald
Managing Director, Ben Cole
Source: Countryman
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  • Wide Open Agriculture's (WOA) lupin protein has successfully been developed into early-stage food and drink prototypes
  • This news follows a three-month intensive research program led by Curtin University and food scientist and co-inventor of the lupin technology Dr Stuart Johnson
  • The research confirmed that modified lupin protein can be added to WOA's oat milk product OatUP, which will increase the milk's protein levels
  • Plans are now underway to rapidly develop and launch a protein-enhanced oat milk product
  • Results have also shown the lupin protein can form a gel-like matrix using additional gelation mixtures, which can then be used to create plant-based yoghurt, cheese and mayonnaise products
  • WOA says this marks a significant milestone in the company's lupin product to date
  • WOA last traded at 73 cents per share

A number of early-stage food and drink prototypes have been successfully developed using Wide Open Agriculture's (WOA) lupin protein.

This news follows a three-month intensive research program led by Curtin University and food scientist and co-inventor of the lupin technology Dr Stuart Johnson.

The research confirmed that modified lupin protein can be added to WOA's oat milk product OatUP, which will increase the milk's protein levels. Plans are now underway to rapidly develop and launch a protein-enhanced oat milk product.

Results have also shown the lupin protein can form a gel-like matrix using additional gelation mixtures, which can then be used to create plant-based yoghurt, cheese and mayonnaise products.

WOA says this marks a significant milestone in the company's lupin product to date.

Additionally, there has also been a development in the early stages of a plant-based burger. The product has displayed good texture and gelation for the burgers. This product can now be used as the base material for further development to create a plant-based burger, sausage or mince for taste, sensory and nutritional testing.

"The research has also provided WOA with the critical data and building blocks to transition into consumer product development across five food and beverage categories, including plant-based meat, non-dairy milk alternatives, noodles, plant-based snacks and protein supplements," the company said.

"The research has also provided WOA with the critical data and building blocks to transition into consumer product development across five food and beverage categories, including plant-based meat, non-dairy milk alternatives, noodles, plant-based snacks and protein supplements."

Just before the market opens this morning, WOA is trading at 73 cents per share.

WOA by the numbers
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