The first is a joint development agreement which allows for the continued joint investigation and development of a stevia sweetener product as a commercially viable food ingredient.
The second agreement is an ingredient supply agreement where the Company is appointed the supplier of certain stevia products. The agreement establishes a framework pursuant to which TCCC shall, based on its requirements, purchase the products from the Company at prices to be agreed between the parties, subject to pre-agreed pricing parameters, for a five-year period.
PureCircle does not expect either agreement to have a significant impact on the Company’s short-term revenues or earnings. Barring any unforeseen circumstances, it is expected that they may have a positive impact beyond that.
Source: PureCircle
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