Dug Foodtech

DUG Foodtech AB's patent portfolio has been strengthened by the patent offices' decision regarding the company's vegan drink based on a combination of potatoes, rapeseed oil, and a vegetable protein in the form of an emulsion. DUG Foodtech utilizes the whole potato, except for the peel, which is reused as animal feed, thereby eliminating waste products and making production highly sustainable. Additionally, the technology platform is innovative and can be quickly scaled up.

“We are pleased to note that the patent is also being approved in the Japanese and Australian markets for our unique plant-based milk alternatives,” says Professor Eva Tornberg, founder of DUG Foodtech.

DUG Foodtech AB has similar active patent applications in India, Thailand, South Korea, and the United Arab Emirates. The patent for the plant-based milk alternative has already been approved in Sweden, Europe, China, Hong Kong, Canada, and the USA.

For more information, please contact:

DUG Foodtech AB

Helene Nielsen, CEO

Telephone: +46 732 22 76 35

E-mail: helene.nielsen@dugfoodtech.com

About DUG Foodtech AB (publ)

DUG Foodtech should be the natural choice for all actors in the transition to plant-based foods. The company’s business concept is to use its own patented methods, innovative solutions and know-how to develop and sell products that the market demands. Changes are required for the food industry to reach its set climate goals. The company is contributing by its investment in plant-based foods with a low climate footprint, raw materials that are easily grown and available, and health benefits for the end consumer. The company and its well-established partners in priority markets and channels provide the conditions to grow in a global market, valued at USD 100 billion. The share is listed on Nasdaq First North and is traded under the name DUG. Read more at ir.dugdrinks.com. Mangold Fondkommission AB is the company’s Certified Adviser and can be contacted by phone: +46 8 5030 15 50 or e-mail: ca@mangold.se.