The Board of BPH Global Ltd (ASX: BP8) (Company), is pleased to advise the re-appointment of Gaia Mariculture Pte Ltd (Gaia Mariculture) as the manager of the Company’s research and development programs (R&D Programs). Pursuant to the renewed consulting agreement, the Company’s wholly owned, Singapore-based subsidiary Stemcell United Pte Ltd (BP8 Singapore) has engaged Gaia Mariculture as a to manage the BP8 Group’s R&D Programs (Consulting Agreement).
Highlights
- Blockchain technology: focus on sourcing and deployment of blockchain technology to facilitate:
- biological integrity and sustainability of seaweed cultivation and processing; and
- the development of an accreditation methodology for the issue of blue carbon credits
- Artificial Intelligence technology (AI): Continued focus on AI to enhance critical mineral and nutraceutical identification and extraction
- Essential Mineral and Nutraceutical extraction: Fermentation and Phycomining techniques to unlock essential minerals and nutraceuticals
- Biohydrogen Extraction: Production of biohydrogen/biogases as a natural by-product of fermentation
- Commercialisation: commercialisation opportunities to drive R&D strategies
- Consultancy Agreement Renewed: two (2) year agreement with Gaia Mariculture
- Expanded R&D role: Gaia to conduct R&D and to oversee out-sourced R&D projects
Consulting Agreement
Pursuant to the Consulting Agreement, Gaia Mariculture will provide:
- Out-sourced Research, being the R&D that has been or will be outsourced by or on behalf of the BP8 Group to a third party to be conducted by that party under the supervision of Gaia; and.
- In-house Research, being the R&D to be undertaken directly by Gaia.
Out-sourced Research comprises the following services which the BP8 Group is seeking to out-source to third parties:
- Sourcing, development and deployment of Blockchain technologies: sourcing, development and/or acquisition of blockchain technologies and their deployment to:
- provide biological integrity and traceability and to promote sustainable farming of seaweed; and
- enable the measurement of carbon capture and storage by seaweeds to facilitate the creation of an accreditation scheme for the issue of blue carbon credits;
- AI Genetic Algorithm: continued development of an AI generated genetic algorithm to enable machine determination of variations in seaweed genomes to be applied to seaweed breeding and gene editing;
- AI-enhanced extraction: development and deployment of AI driven imaging technology to further enhance essential mineral identification and isolation so as to increase the effectiveness of phyto-hydrometallurgical techniques to extract essential minerals from seaweed; and
- Additional scope: any additional or related service relating to a project outsourced to a third party reasonably requested by the BP8 Group and agreed by Gaia from time to time.
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