This particular scent is widely regarded as one of the most valuable fragrance raw materials in the world, with premium grades commanding prices exceeding tens of thousands of U.S. dollars per kilogram and demand growing across the Middle East, Asia, and luxury Western perfume markets.

Under the terms of the agreement, BioHarvest will serve as the exclusive manufacturing partner for the Company's proprietary unique fragrance cell culture composition and will reserve manufacturing capacity to support the anticipated commercial requirements. Specifically, BioHarvest will prepare to start limited production in the first half of 2027 and the agreement anticipates planned production volumes totaling 20 metric tons of a product with specifications to be finalized over the course of the next few months. Contingent upon delivery of the product, this could allow BioHarvest to recognize between $20-$30 million in revenue at the time of completion.