eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) —  eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the launch of Accelerate – an incentive program focused solely on helping eXp agents build for their future by maximizing their revenue share earning potential during their first year with the company.

“In the lifespan of an agent, a critical component of long-term success is the ability to build for their retirement, so we launched Accelerate to help catalyze their potential earnings and create momentum in the first year and build for their future,” said Glenn Sanford, Founder and CEO of eXp Realty. “We continue to be relentlessly focused on delivering a model that puts agents first. I couldn’t be more proud of what we have created, especially for those looking to build long-term wealth, with our revenue share and equity programs for agents, as well as a favorable cap and split model.”

Accelerate, which is available in all 24 countries where eXp Realty operates, applies to agents who joined on or after March 1, 2023. The program automatically opens revenue share tiers 2 and 3 for 12 months beginning Sept. 7, 2023, creating the opportunity to have 10 front line qualifying agents (FLQA) immediately. This can open up the eXponential components of eXp’s revenue share program in that first year. After the 12-month period, standard revenue share criteria will apply.

“Accelerate was designed to reduce barriers and incentivize agents to grow their organizations,” said Michael Valdes, Chief Growth Officer, eXp Realty. “It enables them to focus on selling and growing their businesses while earning the maximum potential revenue share for tiers two and three for the first year. Our aligned compensation model, where agents are rewarded for both production and contributions to eXp’s growth, brings more value than ever before.”

This launch comes on the heels of the company’s June announcement that, for the first time, was refining revenue share criteria for its agents, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA. As part of its efforts to continually enhance its model, the company also launched Boost, a program designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.

Revenue share is just one part of eXp Realty’s aligned compensation model, which also includes competitive commissions and stock equity programs designed to enable its agents to build for their future.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04ad7948-9819-48ea-92e3-6e0804785bab

GlobeNewswire Distribution ID 8918619

eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) —  eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) this week announced the appointment of Net Promoter® System (NPS) creator Fred Reichheld to the Company’s board of directors, effective Sept. 7, 2023.

“We are honored to welcome Fred Reichheld to our Board of Directors,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings. “For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System. Conducting regular NPS surveys with our agents and staff since 2016 is core to delivering on our agent-centric mission, and Fred shared his wisdom with our team at this year’s Shareholder Summit. I am thrilled to have him on our Board of Directors and look forward to working even more closely together.”

In addition to creating the NPS system, Reichheld is a sought-after speaker and best-selling author. His most recent book, “Winning on Purpose: The Unbeatable Strategy of Loving Customers,” explains how NPS helps companies become truly customer-centric, experiencing profitable growth through systematically converting more customers into promoters and fewer into detractors. He is currently a Bain & Company Fellow and founder of their Loyalty practice. He graduated with honors both from Harvard College (B.A., 1974) and Harvard Business School (M.B.A., 1978).

Concurrent with Reichheld’s appointment, Sir Darren Jacklin will step down but continue to serve on the eXp Realty Canada Board of Directors. Following these changes, the eXp World Holdings board will comprise seven directors, four of whom are independent. Jacklin served on the eXp World Holdings Board of Directors for nearly 10 years.

“Darren has been an integral part of this company, and we are fortunate to have his continued insight and leadership on the eXp Canada Board of Directors,” said Sanford. “I would like to personally thank him for all his many contributions over the years. His experience traveling to four continents and over 50 countries mentoring entrepreneurs and business owners on specific and measurable strategies designed to build their success was a great asset to us. eXp Canada will greatly benefit from his experience and wisdom.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/097fbd03-129c-44d0-bb81-073f4d26b3a7

GlobeNewswire Distribution ID 8917806

Resonac fait équipe avec Matmerize pour créer un avancement de la technologie 6G en utilisant un logiciel d’IA innovant

ATLANTA, 07 sept. 2023 (GLOBE NEWSWIRE) — Dans le cadre d’une collaboration importante, Matmerize, Inc., un innovateur en IA des matériaux, et Resonac Corporation ont formé un partenariat stratégique visant à révolutionner le paysage de la technologie 6G. S’appuyant sur les fondements d’une collaboration robuste, Resonac tirera parti de la technologie du logiciel d’IA PolymRize™ de Matmerize afin d’accélérer le développement de matériaux purs et composites exceptionnels et haute performance pour la technologie 6G et plus encore.

En janvier 2023, Resonac Corporation a annoncé des projets consistant à développer de nouveaux matériaux de semi-conducteurs pour la 6G, la norme de système de télécommunication de nouvelle génération faisant suite à la 5G. Alors que la 6G s’apprête à être 100 fois plus rapide que la 5G, de nouveaux matériaux de semi-conducteurs sont nécessaires pour réduire de manière considérable la perte de transmission associée à la vitesse de communication accrue. Pour répondre à cette exigence, Resonac identifiera les matériaux optimaux avec les caractéristiques requises grâce à des méthodes computationnelles et à l’intelligence artificielle (IA) dans le cadre d’une initiative collaborative avec Matmerize, Inc. Alors que des tests manuels employant des techniques traditionnelles demanderaient trois mois pour évaluer une seule combinaison de matériaux, le logiciel d’IA de Matmerize, PolymRize™, réduit le temps requis à une seule journée et peut évaluer jusqu’à 90 combinaisons en trois mois. Le résultat promet d’être une fusion entre ingénierie des matériaux et intelligence artificielle, et devrait redéfinir le développement de la technologie 6G.

PolymRize™ exploite les données exclusives de Matmerize ou spécifiques au client pour construire des modèles prédictifs. Une fois bâtis, ces modèles prédisent rapidement les propriétés des nouveaux polymères, composites et formulations qui n’ont pas encore été synthétisés, ainsi que les incertitudes associées. Le logiciel emploie des outils de conception générative et automatisée pour recommander des candidats idéaux répondant aux exigences de propriétés des séries suivantes d’expérimentation physique. PolymRize™ accélère ainsi l’obtention des matériaux cibles, réduisant de manière considérable les coûts comme le temps requis. Par ailleurs, il introduit un cadre pour l’organisation et la gestion des données, et a démontré qu’il s’agissait d’une aide numérique de confiance pour les chimistes et ingénieurs des procédés.

Dans une initiative pilote, Resonac a évalué les capacités de Matmerize. Des modèles prédictifs ont été construits en utilisant PolymRize™ et un logiciel tiers en se centrant sur les principales propriétés de matériaux étant pertinentes pour la technologie 6G. Les propriétés incluaient l’intervalle de bande, la constante diélectrique, l’indice de réfraction, la température de transition du verre et le coefficient d’expansion linéaire. Les performances des modèles PolymRizeTM et tiers ont été évaluées en réalisant des prédictions de propriétés pour des cas d’essais inédits identiques. Les prédictions de PolymRizeTM se sont constamment montrées supérieures aux modèles tiers en termes de vitesse et de précision (voir la figure présentant les performances des modèles).

Un snippet média accompagnant cette annonce est disponible en cliquant sur l’image ou le lien ci-dessous :

Resonac PR : comparaison des performances des modèles

« Collaborer avec Resonac sur le développement de la technologie 6G est une opportunité de choix pour Matmerize », a déclaré Rampi Ramprasad, co-fondateur et PDG de Matmerize. « Dans le but de nous aligner sur la vision de Resonac consistant à révolutionner les technologies de nouvelle génération, et stimulés par l’engagement de Matmerize à faire avancer les capacités de conception de matériaux virtuels, architectures et algorithmes d’IA, nous sommes bien positionnés pour nous lancer dans une nouvelle ère de conception de matériaux intelligente et accélérée. »

Pour tout complément d’information sur la plateforme innovante PolymRizeTM, veuillez consulter la page : https://www.matmerize.com/polymrize

Pour l’annonce de Resonac concernant le développement de nouveaux matériaux de semi-conducteurs pour la 6G, veuillez consulter la page :
https://www.resonac.com/news/2023/03/13/2391.html

À propos de Matmerize :

Matmerize, récente spin-out du Georgia Institute of Technology, se trouve au premier plan des solutions innovantes qui comblent le fossé entre l’IA et l’ingénierie des matériaux. La plateforme PolymRizeTM de Matmerize emploie un filtrage virtuel et des algorithmes d’IA pour identifier les matériaux optimaux, permettant aux technologues de concentrer leurs efforts expérimentaux sur les options les plus prometteuses, accélérant ainsi considérablement le processus d’ingénierie des matériaux. PolymRizeTM représente un changement de paradigme dans le secteur, propulsant les clients devant la concurrence et favorisant l’innovation à une allure sans précédent.

À propos de Resonac :
Le groupe Resonac est une nouvelle société établie en conséquence de l’intégration de Showa Denko et de Showa Denko Materials (anciennement Hitachi Chemical) en janvier 2023. Le chiffre d’affaires annuel du groupe pour ses semi-conducteurs et matériaux électroniques s’élève à environ 400 milliards de yens, représentant environ 30 % du chiffre d’affaires net annuel du groupe. Le groupe possède en particulier une grande part mondiale des matériaux de semi-conducteurs pour le processus de conditionnement. L’intégration des deux sociétés a permis au groupe Resonac de concevoir des fonctions de matériaux ainsi que de les développer en interne, en allant jusqu’aux matières premières. Le nouveau nom commercial « RESONAC » a été créé en combinant le mot « RESONATE » (résonner) et la lettre « C » de CHEMISTRY (chimie). Le groupe Resonac tirera le meilleur parti de sa plateforme co-créative et accélèrera l’innovation technologique avec des fabrications de semi-conducteurs, des fabricants de matériaux et des fabricants d’équipements au sein et en dehors du Japon.

Pour en savoir plus, veuillez consulter notre site Web : Resonac Holdings Corporation : https://www.resonac.com/

Contact : 
Matmerize, Inc.
https://www.matmerize.com
E : [email protected]
Y : regardez les vidéos de Matmerize sur YouTube
L : suivez notre page LinkedIn

GlobeNewswire Distribution ID 8918560

Resonac Faz Parceria com a Matmerize para Revolucionar o Avanço da Tecnologia 6G com Software Inovador de IA

ATLANTA, Sept. 07, 2023 (GLOBE NEWSWIRE) — Em uma colaboração significativa, a Matmerize, Inc., inovadora em IA de materiais, e a Resonac Corporation fecharam uma parceria estratégica com o objetivo de revolucionar o cenário da tecnologia 6G. Com base na sólida base colaborativa, a Resonac utilizará o poder da tecnologia do software de IA PolymRize™ da Matmerize para acelerar o desenvolvimento de materiais puros e compostos excepcionais de alto desempenho na tecnologia 6G e além.

Em janeiro de 2023, a Resonac Corporation anunciou planos de desenvolvimento de novos materiais semicondutores para 6G, o padrão de sistema de telecomunicações da próxima geração após 5G. Com o 6G definido para ser 100 vezes mais rápido que o 5G, novos materiais semicondutores são necessários para reduzir substancialmente a perda de transmissão associada ao aumento da velocidade de comunicação. Para atender a esse requisito, a Resonac identificará materiais ideais com as características necessárias por meio de métodos computacionais e de Inteligência Artificial (IA) em um empreendimento colaborativo com a Matmerize, Inc. Onde o teste manual usando técnicas tradicionais exigiria três meses para avaliar uma única combinação de materiais, o software de IA da Matmerize, PolymRize™, reduz o tempo necessário para um único dia, podendo avaliar até 90 combinações no mesmo período de três meses. O resultado promete ser uma fusão de engenharia de materiais e inteligência artificial, pronta para redefinir o desenvolvimento da tecnologia 6G.

O PolymRize™ utiliza os dados proprietários da Matmerize ou específicos do cliente na criação de modelos preditivos. Uma vez criados, esses modelos predizem rapidamente as propriedades dos novos polímeros, compósitos e formulações ainda a serem sintetizados, completos com todas as suas incertezas. O software emprega ferramentas de design automatizadas e generativas para recomendar candidatos ideais que atendam aos requisitos de propriedade para rodadas subsequentes de experimentação física. O PolymRize™ acelera assim a jornada em direção aos materiais-alvo, reduzindo drasticamente o tempo e os custos. Além disso, introduz uma estrutura para gerenciamento e organização de dados, sendo um auxiliar digital confiável para químicos e engenheiros de processo.

Em uma iniciativa piloto, a Resonac avaliou a capacidade da Matmerize. Os modelos preditivos foram criados com o software PolymRize™ e de terceiros com as principais propriedades do material relevantes para a tecnologia 6G. As propriedades incluíram bandgap, constante dielétrica, índice de refração, temperatura de transição vítrea, e coeficiente de expansão linear. O desempenho do PolymRize TM e dos modelos de terceiros foi avaliado com previsões de propriedade para casos de teste invisíveis idênticos. As previsões do PolymRize TM superaram consistentemente os modelos de terceiros em velocidade e precisão (veja a figura que mostra o desempenho dos modelos).

Para um Snippet de Mídia deste comunicado, clique na imagem ou link abaixo:

Resonac PR: Comparação de modelos de desempenho

“A colaboração com a Resonac no desenvolvimento da tecnologia 6G é uma oportunidade incrível para a Matmerize”, disse Rampi Ramprasad, cofundador e CEO da Matmerize. “Com o alinhamento com a visão da Resonac de revolucionar as tecnologias da próxima geração e impulsionados pelo compromisso da Matmerize do avanço dos algoritmos, arquiteturas e recursos de design de materiais virtuais de IA, estamos preparados para uma nova era de design acelerado de materiais inteligentes”.

Para mais informação sobre a plataforma PolymRizeTM visite: https://www.matmerize.com/polymrize

Para o anúncio da Resonac sobre o desenvolvimento de novos materiais semicondutores para 6G, visite
https://www.resonac.com/news/2023/03/13/2391.html

Sobre a Matmerize:

A Matmerize, uma recente subsidiária do Georgia Institute of Technology, está na vanguarda das soluções pioneiras que preenchem a lacuna entre a IA e a engenharia de materiais. A plataforma PolymRizeTM da Matmerize utiliza triagem virtual e algoritmos de IA para identificar os materiais ideais, permitindo que os tecnólogos concentrem seus esforços experimentais nas opções mais promissoras, acelerando significativamente o processo de engenharia de materiais. O PolymRizeTM representa uma mudança de paradigma na indústria, impulsionando os clientes à frente da concorrência e conduzindo a inovação em um ritmo sem precedentes.

Sobre a Resonac:
O Grupo Resonac é uma nova empresa criada como resultado da integração do Grupo Showa Denko e do Grupo Showa Denko Materials (antigo Hitachi Chemical Group) em janeiro de 2023. As vendas anuais de semicondutores e materiais eletrônicos do Grupo totalizam cerca de 400 bilhões de ienes, representando cerca de 30% das vendas líquidas anuais do Grupo. O Grupo tem uma grande participação global com materiais semicondutores para o processo de embalagem. A integração das duas empresas permitiu que o Grupo Resonac projetasse e desenvolvesse funções de materiais concentrados nas matérias-primas. O novo nome comercial “RESONAC” é uma combinação de duas palavras em inglês, a palavra “RESONATE” (Repercutir) com “C”, a primeira letra de CHEMISTRY (Química). O Grupo Resonac aproveitará ao máximo sua plataforma co-criativa e acelerará a inovação tecnológica com fabricantes de semicondutores, de materiais e de equipamentos dentro e fora do Japão.

Para mais detalhes, consulte o nosso site: Resonac Holdings Corporation: https://www.resonac.com/

Contato: 
Matmerize, Inc.
https://www.matmerize.com
E: [email protected]
Y: Assista Vídeos da Matmerize no YouTube
L: Siga nossa página no LinkedIn

GlobeNewswire Distribution ID 8918560

EB5 Capital’s Kensington Place of Redwood City (JF7) Project Obtains I-829 Approvals from USCIS

WASHINGTON, Sept. 07, 2023 (GLOBE NEWSWIRE) — EB5 Capital, a private real estate investment firm and leader in the EB-5 investment industry, is thrilled to announce a significant achievement as investors in its Kensington Place of Redwood City (JF7) project have begun receiving I-829 approvals from the United States Citizenship and Immigration Services (USCIS). The I-829 approval is a pivotal milestone in the EB-5 immigration process. It is a testament to the fulfillment of stringent job creation requirements mandated by the EB-5 Program, thereby granting investors the opportunity to secure their US permanent residency.

EB5 Capital successfully raised $6.5 million for the development of Kensington Place of Redwood City (JF7), an assisted living residence facility specializing in memory care support, situated in the San Francisco Bay Area. The project generated 294 new jobs for the Redwood City community and serves as proof to the power of the EB-5 Program to create jobs and drive economic growth in the region.

This summer, EB5 Capital achieved another remarkable landmark with I-829 approvals granted to five additional projects in their portfolio. In addition to Kensington Place, EB5 Capital also received approvals across two boutique hotels – located in Los Angeles, California, and Portland, Oregon, and two projects in Washington DC – a Marriott branded hotel and a waterfront multifamily development. Altogether, these projects generated over 4,775 new jobs. These approvals further solidify EB5 Capital’s reputation for delivering successful and impactful projects across various locations and sectors.

“We are delighted that USCIS has approved five of our projects this summer,” said Juline Kaleyias, Vice President of Business Development at EB5 Capital. “Witnessing investors you have engaged with for years attain their immigration aspirations and objectives is truly rewarding.”

EB5 Capital remains dedicated to identifying and executing projects that not only meet the rigorous requirements of the EB-5 Program but also contribute meaningfully to local communities and economies. The successful I-829 approvals for the Kensington Place of Redwood City (JF7) project and other projects recently approved serve as evidence of EB5 Capital’s commitment to driving economic growth across the country.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). As one of the oldest and most active Regional Center operators in the country, the firm has raised approximately one billion dollars of foreign capital across more than 35 EB-5 projects. Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 70 countries. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
[email protected]

GlobeNewswire Distribution ID 8918074″

Mosa Meat Becomes B Corp Certified

Cultivated meat pioneer joins the global community of businesses that meet high standards of social and environmental impact.

Maastricht, Netherlands, Sept. 07, 2023 (GLOBE NEWSWIRE) — Mosa Meat, a leader in cultivated beef production, announced today to have become a Certified B Corporation™. This marks a significant milestone in the company’s commitment to creating a more sustainable food system and bringing together partners, investors and suppliers who use business as a force for good. Upon certification, Mosa Meat became the first cultivated meat company worldwide to become B Corp™ Certified.

Founded in 2016, Mosa Meat gained international acclaim in 2013 when its founders, Mark Post and Peter Verstrate, introduced the world’s first cultivated beef hamburger grown directly from cow cells. Since then, the company has been dedicated to producing real beef in a manner that benefits people, animals, and the planet. Mosa Meat’s B Corp™ Certification validates its mission to fundamentally reshape the global food system, showcasing its environmental and social performance, commitment to accountability, transparency and leadership in driving economic systems change.

“We are thrilled to become B Corp Certified,” said Maarten Bosch, CEO of Mosa Meat. “This certification validates our commitment to sustainable practices and ethical foundations as well as strengthens our position as trendsetters in the global cellular agriculture movement. We believe in creating real, delicious meat that positively impacts the climate and our food system and are optimistic that these values will be shared across the many stakeholders in our nascent field of cellular agriculture.”

Leonardo DiCaprio, advisor and investor said “Mosa Meat continues to be a champion for change. I am proud to see Mosa Meat be the first cultivated meat company in the world to become B Corp Certified and hope it is the first of many.”

To receive B Corp™ Certification businesses are assessed on performance, accountability, and transparency in their social and environmental impact. They are holistically evaluated on aspects ranging from governance and mission to environmental practices, workers’ welfare and supply chain practices. With this certification Mosa Meat joins a community of caring, responsible and courageous leaders like Patagonia, Amy’s Kitchen, and Ben & Jerry’s that have become a Certified B Corporation™ previously.

After more than a year of thorough evaluation, Mosa Meat became B Corp™ Certified with two Impact Business Models (IBMs): ‘Resource Conservation’ and ‘Mission Locked’.

  • Resource Conservation recognizes products/services that reduce resource use (energy and water)
  • Mission locked recognizes companies that protect their mission and ability to formally consider stakeholders in decision making through their corporate structure or corporate governing documents

For an IBM certification, companies need to demonstrate principles that are specific, material, verifiable, lasting, and extraordinary. While the B Corp™ process is quite selective for companies to go through, gaining an IBM is considered to be even more challenging.

To realise the biggest positive climate impact, Mosa Meat is focused on cultivating beef over other types of meat first, and uses 100% renewable energy at their production facility. According to an independent, peer-reviewed Life Cycle Analysis study, cultivated beef production could reduce climate impact by 92%, air pollution by 93%, use 95% less land and 78% less water when compared to industrial beef production. Additionally, cultivated beef production offers the opportunity to free up land for more regenerative agriculture and re-wilding of habitats, which would further reduce negative impacts of food production. The automated process through which cultivated meat is produced, and the clean environment of its manufacturing, will also drastically reduce the need for antibiotics use and the risk of pathogens, contaminants and foodborne illnesses associated with intensive animal farming.

ABOUT MOSA MEAT
Mosa Meat is a global food technology company pioneering a cleaner, kinder way of making real beef. Our founders introduced the world’s first cultivated beef hamburger in 2013, by growing it directly from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but in a way that is better for people, animals, and the planet. A diverse and growing team of food-loving problem-solvers, we are united in our mission to fundamentally reshape the global food system. Headquartered in Maastricht, The Netherlands, Mosa Meat is a privately held company backed by Lowercarbon Capital, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and others.

Follow Mosa Meat on Facebook, LinkedIn, Twitter and Instagram or visit mosameat.com to learn more about why people #cravechange.

Attachments

Tim van de Rijdt
Mosa Meat
[email protected]

GlobeNewswire Distribution ID 8916610