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Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.013 0.003 (30%)+
Announcement
Release
10 Aug 2026 8:35AM
Price at Release
$0.010
Full Release
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Summary
Wide Open Agriculture Ltd (WOA) has signed a non-binding framework agreement with Proeon Foods B.V. for the contract manufacturing of its lupin-based ingredients. This agreement is a strategic move to develop a definitive commercial partnership, aiming for a lower-cost, capital-light production model. The agreement ensures robust intellectual property protections, enabling technical and commercial collaboration. Proeon gains exclusive distribution rights in India upon approval of commercial production by WOA. The agreement allows WOA to continue discussions with other prospective partners while seeking to identify its preferred long-term manufacturing partner.
Key Points
  • WOA signs a non-binding framework agreement with Proeon Foods B.V.
  • Framework focuses on manufacturing WOA's proprietary lupin-based ingredients.
  • Agreement aims for a lower-cost, capital-light production model.
  • Strong IP protections facilitate technical and commercial collaboration.
  • Proeon gains exclusive rights to distribute WOA's products in India.
  • WOA continues discussions with other potential manufacturing partners.
  • No commitment to minimum order volumes or exclusivity with Proeon.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.