Wide Open Agriculture Limited ('WOA' or the 'Company') announced that the company has signed an Option and Licence agreement with Curtin University for the development and commercialisation of a proprietary plant-based lupin protein technology. The agreement provides WOA with an option to an exclusive global licence that covers the unique method for creating a novel plant-based protein from Australian sweet lupin (Lupinus angustifolius), its use as a plant-based protein food ingredient and allows WOA to develop and launch products to compete in multiple food categories. Researchers at Curtin University have developed a novel modification technique that enables protein derived from the seed of lupin to form a gel, making it suitable for new applications in a wide range of food sectors. Using a novel technology to unfold the constituent protein, a stable 3-D network is formed which can entrap water, flavours and other functional components required for food products. Previous market uptake concerns relating to lupin have centred around its texture and its capacity for gelling and thickening. This innovation addresses these issues, opening up the potential for lupin protein to be used in the formulation of plant-based alternative meat, eggs, dairy and gluten-free products. Under the agreement, both WOA and Curtin University will begin to refine the novel technology's production process to convert raw lupin into a viable protein source for the production of high-quality food products. To secure initial pilot scale supply for production, WOA will engage with regenerative lupin farmers to identify suitable options from a variety of climatic and soil conditions in Western Australia's Wheatbelt. WOA plans to manage the product development and testing of meat, egg, pasta, dairy and other analogues using the lupin protein. Where possible, this activity will be conducted in partnership with Curtin and potentially an experienced consultant within the food sector. WOA will then conduct prototype testing through its established `Tasting Tribe' that includes a cross-section of customers from a variety of demographics across Western Australia. After establishing product viability, the Company will develop a market entry strategy and begin discussions with food manufacturers. It is anticipated that initial sales will come from the Australian market, with the potential to distribute globally or partner with global food leaders in plant-based protein development.