Wide Open Agriculture’s (ASX: WOA) chief financial officer Matthew Skinner joins Small Caps to discuss the company’s expansion plans.

The regenerative food and agriculture company recently signed a new distribution deal with Japanese trading house Nissei Kyoeki which will take Buntine Protein product into Asia.

Wide Open and Nissei have initially agreed to collaborate to develop the market for lupin-based proteins in Japan, with the Australian firm initially supplying its Japanese partner with Buntine Protein samples from its Kewdale facility in WA for evaluation by Japanese customers.

The Nissei deal follows on from a string of agreements and activities which Wide Open reached in 2023 that have provided the company with a strong foothold in Europe.

Wide Open has also recently secured exclusive sales partners in a number major markets including the US, Australia, New Zealand and the Pacific Islands.

The company is bringing a differentiation strategy to commodity proteins which normally require the inclusion of other ingredients to achieve the taste, texture, gelation, and solubility requirements for recipe development, while the company’s technology is overcoming those issues.

Articles:
https://smallcaps.com.au/wide-open-agriculture-continues-global-expansion-strong-start-2024/
https://smallcaps.com.au/wide-open-agriculture-japanese-market-nissei-kyoeki-collaboration/
https://smallcaps.com.au/wide-open-agriculture-global-expansion-2024-lupin-protein-innovation/

For more information on Wide Open Agriculture:
https://smallcaps.com.au/stocks/asx-woa/

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