One World Products, Inc. (OTCQB: OWPC) and Los Gatos Tomato Products, a leading California tomato processor, announced their intention to enter into a strategic collaboration to expand the AgriBlend™ agricultural biomaterials platform. The companies have agreed in principle to establish a joint venture that combines Los Gatos Tomato Products' agricultural expertise and renewable feedstock resources with One World Products' advanced materials engineering, compounding, manufacturing, and commercialization capabilities.
The collaboration aims to develop next-generation engineered materials utilizing renewable agricultural feedstocks, including tomato pomace and almond byproducts, for commercial markets such as automotive, infrastructure, agriculture, packaging, logistics, industrial, and consumer products. This initiative represents a further step in One World Products' long-term strategy of transforming recycled and renewable resources into advanced engineered materials.
AgriBlend™, the company's agricultural biomaterials platform, currently encompasses work with tomato pomace, almond byproducts, rice hulls, corn fiber, soy fiber, jute, and agricultural cellulose feedstocks. The partnership with Los Gatos Tomato Products is expected to significantly broaden the platform by adding new renewable feedstocks and strengthening the ability to develop innovative material solutions.
One World Products previously commercialized hemp-based biocomposite materials, including reusable industrial containers, and developed advanced engineered compounds for automotive and industrial applications. The company's advanced sustainable materials portfolio includes EcoBlend™, an engineered polymer platform; AgriBlend™; advanced polypropylene compounds; natural fiber composite technologies; recycled rubber material technologies; cellulose-based material technologies; and circular economy material solutions.
“Our objective is to build a platform company that transforms recycled and renewable resources into high-performance engineered solutions for the world’s largest industries,” said Isiah Thomas, Chairman and Chief Executive Officer of One World Products. “Our intended collaboration with Los Gatos Tomatoes significantly expands AgriBlend™ by adding new renewable feedstocks and strengthening our ability to develop innovative material solutions for customers across multiple industries.”
Dan Green, President and Chief Executive Officer of Los Gatos Tomato Products, added, “This proposed collaboration enables us to create additional value from tomato pomace and agricultural resources while partnering with an organization that shares our commitment to sustainability, advanced materials, and long-term commercial growth. Together, we believe we can develop innovative products that benefit agriculture, industry, and the environment.”
Beyond product development, the companies intend to collaborate on research, manufacturing, commercialization, and future technology development while evaluating additional agricultural feedstocks and engineered material applications. Additional information regarding the proposed joint venture will be announced following completion of definitive agreements.
One World Products, which will operate under the new name Isiah Enterprises, Inc. upon completion of its corporate name and symbol change with FINRA approval, is building a platform company for advanced sustainable materials. Los Gatos Tomato Products is recognized for its commitment to agricultural innovation, sustainability, and responsible stewardship of agricultural resources.
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