Pressure BioSciences (OTCQB: PBIO), a leader in the
development and sale of broadly enabling, pressure-based technology and
products to the worldwide life sciences and other industries, today announced
financial results for the second quarter ended June 30, 2019, provided a
business update, and offered guidance for the remainder of the fiscal year and
for FY 2020. In the update, the company reported 2019 second quarter highlights
that include record consumables sales, strong growth in BaroFold and UST
Services, and launch of a revolutionary CBD processing system. “Because of the
poor water solubility of today’s oil-based CBD products, most ingested CBD is
flushed from the body, leaving little of the product to provide its beneficial
properties,” Pressure BioSciences President and CEO Richard T. Schumacher said
in the news release. “After much diligence and analysis, we concluded that we
have the expertise and experience to successfully address this critical issue.
Consequently, we pulled significant hours away from many of our staff over the
past few months and had them focus on the development of an instrument system –
based on our patented UST platform – that would increase the water-solubility,
and thus the absorption, of CBD Oil. We succeeded; the result of that success
is the BaroShear K45 processing system.”
To view the full press release, visit http://ibn.fm/M9QEC
About Pressure BioSciences Inc.
Pressure BioSciences (OTCQB: PBIO) is a leader in the
development and sale of innovative, broadly enabling, pressure-based solutions
for the worldwide life-sciences industry. The company’s products are based on
the unique properties of both constant (i.e., static) and alternating (i.e.,
pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a
patented-enabling technology platform that uses alternating cycles of
hydrostatic pressure between ambient and ultra-high levels to safely and
reproducibly control biomolecular interactions (e.g., cell lysis, biomolecule
extraction). PBIO’s primary focus is in the development of PCT-based products
for biomarker and target discovery, drug design and development,
biotherapeutics characterization and quality control, soil and plant biology,
forensics and counter-bioterror applications. Additionally, major new market
opportunities have emerged in the use of the company’s pressure-based
technologies in the following areas: (1) the use of its recently acquired
PreEMT technology from BaroFold Inc. to allow entry into the
biologics-contract, research-services sector, and (2) the use of its recently
patented, scalable, high-efficiency, pressure-based Ultra Shear Technology
(“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible
fluids (e.g., oils and water) and (ii) prepare higher-quality, homogenized,
extended shelf-life or room-temperature stable, low-acid liquid foods that
cannot be effectively preserved using existing nonthermal technologies. For
more information, visit the company’s website at www.PressureBiosciences.com.
NOTE TO INVESTORS: The latest news and updates
relating to PBIO are available in the company’s newsroom at http://ibn.fm/PBIO
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