RF Biocidics’ Chemical-Free Treatment Process Receives Greenlight from Almond Board of California

SACRAMENTO, Calif.–(BUSINESS WIRE)–RF Biocidics’ state-of-the-art food safety equipment has been validated by the Almond Board of California Technical Expert Review Panel (TERP). The decision confirms third-party test results that show RF Biocidics’ chemical-free process in use at Madera-based Ready Roast Nut Company effectively eliminates pathogens like Salmonella from almonds, making them safe to eat.

“We are proud to be a part of the almond industry’s continued efforts to provide high quality and safe almond products for consumers to enjoy.”

“RF Biocidics prides itself on helping growers and processors navigate a new era of food safety,” said RF Biocidics Chief Executive Officer Craig Powell. “We are proud to be a part of the almond industry’s continued efforts to provide high quality and safe almond products for consumers to enjoy.”

Ready Roast is a leading supplier of dry roasted and oil roasted almonds and pistachios. The company purchased RF Biocidics’ Generation 3 APEX system in November 2014. It is RF Biocidics’ first Generation 3 APEX to receive TERP validation.

All almond pasteurization techniques used in California are evaluated by the Almond Board’s Technical Expert Review Panel (TERP). After thorough testing and third-party laboratory validation, TERP reviewed results submitted by Ready Roast for the RF Biocidics Generation 3 APEX machine and found that it exceeded the Board’s requirements.

Unlike traditional pasteurization methods that use chemicals and may diminish foods’ nutritional value, RF Biocidics employs volumetric heating to remove pests and bacteria using radio frequency waves.

Essentially an energy absorption process, the RF process targets dipoles, or molecules with separated positive and negative charges, and exposes them to an oscillating electrical field. The dipoles rotate and create friction, which generates heat. Application of the electric field also leads to the polarization of cells, which alters the cells’ metabolism, effectively removing bacteria, molds, insects and other undesirable elements often found in foods, without changing the nutrient content and taste.

The APEX system is specifically designed for use in the tree nut industry to eliminate harmful contaminants. Easy to use and operate, the APEX system is environmentally friendly and is suitable for use on both conventionally and organically grown products.

RF Biocidics’ patented food safety process was developed at the University of California, Davis. A subsidiary of Boston-based Allied Minds (LSE: ALM), RF Biocidics serves clientele in food and commodities industries across the globe, from the U.S. and Europe to the Middle East, South America and Australia.

About RF Biocidics

RF Biocidics manufactures equipment and processes that use specialized radio frequency technology to safely eliminate harmful contaminants from foods. The resulting process is an effective, chemical-free and environmentally friendly alternative to conventional steam heat or chemical pasteurization methods. This process has a broad range of other applications, including use in agriculture, import/export compliance and wood and wastewater treatment. RF Biocidics works to the meet the specific needs of its customers worldwide, ultimately designing and building custom process systems that will best meet goals and yield integrated, immediate solutions. RF Biocidics is an Allied Minds company headquartered in Sacramento, Calif. www.rfbiocidics.com.

About Allied Minds

Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risks and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.