Pressure BioSciences, Artisan Industries enter strategic agreement

Pressure BioSciences and Artisan Industries announced a strategic agreement between the companies. The agreement focuses on two highly important areas: PBIO will rent space and ancillary support in Artisan’s state-of-the-art facilities, which will dramatically increase PBIO’s manufacturing capacity for servicing the needs of its growing portfolio of Ultra Shear Technology-based nanoemulsion clients; and the relationship is expected to facilitate discussions between the companies towards an agreement that would secure Artisan as the exclusive manufacturer of PBIO’s revolutionary UltraShear equipment. PBIO will continue to accept contracts for toll processing of customer’s nanoemulsions requirements for the foreseeable future. Beginning in 2024, PBI’s business plan will add a lease and license model, whereby the Company will be placing UltraShear equipment in the hands of customers at the cost of a monthly lease payment plus a toll/royalty rate on the output of the UST equipment. Under this growth strategy, the Company believes it may need hundreds or thousands of instruments over the coming years. The UST System contains a number of unique and complex designs and components; Artisan has an impressive history of innovation, professional manufacturing, and quality management – making them a natural and ideal choice for a prospective equipment building contract.