[VentureSquare] Deeplant and Canada's Galaxy AG Ventures Sign Business Agreement

https://www.venturesquare.net/864917 

Deeplant, a company developing and selling various value-added products with its meat deep-aging technology and pioneering new markets, announced that it has signed a business agreement with Canada's Galaxy AG Ventures to grow into a global company. Concurrently, it also signed an agreement with the Canada Alberta Meat Association focused on active cooperation for the mutual development of the livestock industry in both countries.

Deeplant is currently dedicated to developing high value-added products using less-preferred cuts of meat. On July 29th, the company was selected for the ‘2022 Global Accelerating’ program, overseen by the Korea Institute of Startup & Entrepreneurship Development (KISED) and managed by CNT Tech. As part of this program, Deeplant's Global General Director, Choi Jae-ha, is currently in the United States and Canada conducting market research and seeking partners for local business cooperation.

Canada is home to many global companies that export eco-friendly agricultural and livestock products, produced in large quantities across its vast territory, to the U.S. and the rest of the world. Among them, GALAXY AG VENTURES, an agri-food specialist company, signed the business agreement to promote Deeplant's unique deep-aging technology through the distribution networks of its subsidiaries (KORAKTA AGRI BUSINESS INC., WEST COAST AGRO LTD., NANUM FOODS INC.) in Canada and the U.S. The goal is to secure a share of the domestic markets in the U.S. and Canada and to facilitate exports to the Asian region, including Korea.

On the day of the signing, Chairman Park Se-hong of the GALAXY AG VENTURES group stated that, like in Korea, consumer preference for less-preferred cuts in Canada is significantly low, leading to a skewed production and consumption pattern. He noted that the industry is seeking a new breakthrough and expressed his expectation that Deeplant's deep-aging technology could create high added value by allowing less-preferred cuts to substitute for traditionally popular ones.

Director Albert Eringfeld of Canada Beef and Martin Waldner, CFO of Alberta Pork, who attended with Chairman Park, showed immense interest upon being introduced to the deep-aging technology, calling it 'the technology Canada needs most right now.' Stating that it seems capable of solving the problems associated with less-preferred cuts, the Alberta Pork representative immediately requested on the spot that Canadian pork samples be sent to Deeplant in Korea to conduct research on the technology's effects.

Deeplant CEO Kim Cheol-beom stated that through the ongoing ‘2022 Global Accelerating’ program and the sustainable livestock industry cooperation with GALAXY AG VENTURES group, Canada Beef, and Alberta Pork, Deeplant will not cease its efforts to build a more advanced livestock industry. He affirmed their commitment to solving the problems caused by less-preferred cuts not only in Korea but also globally in countries like Canada and the U.S., thereby fostering the development of the livestock sector into an eco-friendly industry through wiser breeding and butchering practices.