ASX-LISTED Perth-based biotech Holista CollTech, focused on natural ingredients and wellness products, has signed a memorandum of understanding (MoU) with New York-based Holista Foods to supply its patented low glycemic index (GI) mix to Ontario-based Wing's, North America's leading noodle supplier.
The MoU marks Holista's entry into the noodle market, and is expected to have a significant impact on revenue from the present fical year, a company statement claimed.
Pursuant to the MoU, sales of US$6m are expected for fiscal 2018, projected to increase to US$12m in 2019 and to US$25m in 2020.
Although headquartered in Perth, Holista CollTech says it has extensive operations in Malaysia.
See more at holistaco.com.
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