Calyxt’s High Fiber Wheat Deemed Non-Regulated by USDA

Calyxt’s First Consumer-Centric Wheat Product, and Seventh Product Overall, to Receive this Designation

MINNEAPOLIS & ST. PAUL, Minn.--()--Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and agriculture-focused company, today announced that the Company’s high fiber wheat product has been declared a non-regulated article under the “Am I Regulated?” process by Biotechnology Regulatory Services of the Animal and Plant Health Inspection Service (APHIS), an agency of the United States Department of Agriculture (USDA). This is Calyxt’s first consumer-centric wheat product and second wheat product (following Calyxt’s powdery mildew resistant wheat, which received non-regulated status by the USDA in February 2016), and seventh product overall, to be given this designation.

“Receiving this additional USDA letter for Calyxt’s high fiber wheat is an important next step in bringing to market food crops and plant based ingredients with the healthier characteristics for consumers and food companies,” said Federico Tripodi, Calyxt CEO. “As fiber is essential for healthy digestion, there has been a strong demand in the market for great tasting high fiber products due to their potential to not only decrease the risk of food-related chronic diseases like coronary heart disease and diabetes but also lower cholesterol as well as control weight gain. Most adults only consume about half of the recommended amount of fiber in their diet, and a single serving of Calyxt’s high fiber flour may provide the recommended daily requirement.”

Calyxt’s high fiber wheat was developed using the Company’s proprietary gene-editing technology, TALEN®, and does not contain any foreign DNA. With this USDA confirmation, Calyxt will now continue its trait validation in small- and large-scale field trials and food application development. According to industry sources, the wheat market in North America was estimated at 98 million tons in 2017, with approximately 43 percent used for human consumption in the U.S. While traditional white flour is losing ground, premium products including demand for fiber is estimated to grow at a compound annual growth rate of 11.6% globally.

“Once commercialized, Calyxt’s high fiber wheat flour can be used by food manufacturers to produce premium bakery and pasta products that consumers regularly enjoy, like bread and macaroni, all the while allowing them to potentially reach their daily fiber requirement without changing existing food preferences,” added Manoj Sahoo, Calyxt CCO. “On top of that, Calyxt’s high fiber wheat flour will have up to three times more dietary fiber than standard white flour, with enormous potential to disrupt the multi-billion-dollar industry at large.”

Calyxt’s high fiber wheat is currently in Phase 1 of the development process and on track for commercialization as early as 2020/2021. This product is now part of a total of seven Calyxt products that have been deemed non-regulated by the USDA, including powdery mildew resistant wheat, high oleic soybean, high oleic / low linolenic soybean, improved quality alfalfa, cold storable potato and reduced browning potato.

About Calyxt

Calyxt, Inc. is a consumer-centric, food- and agriculture-focused company. Calyxt is pioneering a paradigm shift to deliver healthier food ingredients, such as healthier oils and high fiber wheat, for consumers and crop traits that benefit the environment and reduce pesticide applications, such as disease tolerance, for farmers. Calyxt develops non-transgenic crops leveraging processes that occur in nature by combining its leading gene-editing technology and technical expertise with its innovative commercial strategy. Calyxt is located in Minneapolis-St. Paul, MN, and is listed on the Nasdaq market (ticker: CLXT).

For further information please visit our website: www.calyxt.com
Calyxt™ and the corporate logo are trademarks owned by Calyxt, Inc.
TALEN® is a registered trademark owned by the Cellectis Group.

Calyxt Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed under the caption entitled “Risk Factors” in our Annual Report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Contacts

For Calyxt
Media
Jennifer Moore, 917-580-1088
VP Communications
media@calyxt.com
or
KCSA Strategic Communications
Caitlin Kasunich / Nick Opich
212-896-1241 / 212-896-1206
ckasunich@kcsa.com / nopich@kcsa.com
or
Investor Relations
Simon Harnest, 646-385-9008
VP Corporate Strategy and Finance
simon.harnest@calyxt.com

Release Summary

Calyxt’s High Fiber Wheat Deemed Non-Regulated by USDA; 1st Consumer-Centric Wheat Product, & 7th Calyxt Product Overall, to Receive this Designation

Contacts

For Calyxt
Media
Jennifer Moore, 917-580-1088
VP Communications
media@calyxt.com
or
KCSA Strategic Communications
Caitlin Kasunich / Nick Opich
212-896-1241 / 212-896-1206
ckasunich@kcsa.com / nopich@kcsa.com
or
Investor Relations
Simon Harnest, 646-385-9008
VP Corporate Strategy and Finance
simon.harnest@calyxt.com