BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 BEND, Ore., June 26, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetablebased products, today announc ...

Core Insights - BranchOut Food Inc. is entering the industrial food ingredients market, which was valued at $335.32 billion in 2023 and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate (CAGR) of 4.8% [5]. Company Overview - BranchOut Food is an international food-tech company specializing in dehydrated fruit and vegetable-based products, utilizing its proprietary GentleDry Technology that preserves up to 95% of the original nutrition of fresh produce [2]. - The company holds more than 17 patents for its dehydration technology, positioning itself as a leading provider of high-quality dehydrated products and a trusted private label supplier [2]. Market Strategy - The company plans to build an internal sales and marketing team to effectively pursue the industrial food ingredients channel [5]. - CEO Eric Healy emphasized the competitive advantage of BranchOut Food due to its proprietary technology and large-scale manufacturing facility in Peru, which allows for better quality control and cost management [5]. - The recent acquisition of a fourth EnWave radiant energy vacuum (REV) machine will enhance production capabilities to meet rising demand from major retailers [5]. Upcoming Events - BranchOut Food will showcase its products and services at the IFT FIRST annual expo in Chicago, IL, in July 2024, which aims to bring together professionals from the global food value chain [5].

Core Insights - BranchOut Food Inc. has been selected by the U.S. Army for a field test of its innovative MRE products, specifically the Cinnamon Churro Banana Bites and potentially the Chili Lime Pineapple Chips, utilizing its GentleDry technology [1][3] Company Overview - BranchOut Food Inc. is a pioneering food technology company specializing in dehydrated fruit and vegetable-based products, with a commitment to high-quality, nutritious snacks [3][5] - The company’s GentleDry technology preserves up to 95% of the original nutrition of fresh produce, supported by over 17 patents [5] Product Development and Testing - The U.S. Army's Combat Capabilities Development Command (DEVCOM) has conducted successful shelf-life and sensory tests on BranchOut's products, leading to their selection for further field testing [3][4] - If successful in the field, each selected product could see a volume of approximately 1,500,000 units per year incorporated into MREs, with potential increases if multiple items are selected [3] Strategic Collaboration - The partnership with the U.S. Army aims to enhance the variety and enjoyment of MREs, focusing on delivering functional and appealing nutritional options for soldiers [3]

Core Viewpoint - AmpliTech Group, Inc. has regained compliance with Nasdaq's periodic filing requirement, indicating a positive trajectory for the company and its operations [1]. Group 1: Company Overview - AmpliTech Group, Inc. designs, develops, manufactures, and distributes advanced radio frequency (RF) microwave components for various markets including satellite communications, telecom (5G & IoT), space, defense, and quantum computing [2]. - The company has a track record of over 13 years in delivering high-performance, custom solutions to major global industries [2]. - In December 2021, AmpliTech acquired the assets and operations of Spectrum Semiconductor Materials Inc., enhancing its capabilities in semiconductor distribution [2]. Group 2: Business Strategy and Future Outlook - The CEO expressed confidence in the company's ability to extend its impact to Fortune 50 companies, focusing on advancements in communications and connectivity [1]. - AmpliTech is committed to developing solutions for critical areas such as True 5G ORAN Radios, AI, Telemedicine, AR/VR, and Fixed Wireless Access (FWA) [1]. - The company is focused on executing its growth strategy, with healthy inventory levels and high business development prospects for its 5G Division [1].