Carbiotix, a leading biotechnology company, has announced a remarkable expansion in its NutraCycle customer projects. According to CEO Erik Deaner, the company has added eight new customers in the third quarter, bringing the total to 61 projects across 75 different side-streams. This growth highlights Carbiotix's commitment to leveraging plant-based side-streams for healthier and more sustainable food production.

The company's NutraCycle Formulation Lab service, recently launched, targets food and beverage CPG companies, aiming to capitalize on the extensive knowledge gained from these projects. This strategic move is expected to strengthen Carbiotix's market position and drive further customer engagement.

Looking ahead, Carbiotix has outlined ambitious plans, including the initiation of five JCDA projects in the latter half of 2025. Additionally, the company plans to integrate its Pilot Pre-Study project into JCDA, simplifying customer acquisition and focusing on formulation validation as a crucial first step. These initiatives are part of Carbiotix's strategy to enhance its collaborative onsite upcycling and fortification business model.

Investors should consider holding their position in Carbiotix as the company continues to demonstrate robust growth and strategic foresight. The expansion of NutraCycle projects and the potential for further developments make Carbiotix a promising player in the biotechnology sector.