[January 20, 2016]

Torn & Glasser Purchases RF Biocidics' APEX System to Implement Chemical-Free Processing of Food Products Sold to Retailers and Restaurants

Torn & Glasser, a family-owned food importer, processor and distributor based in Southern California, purchased an APEX system from RF Biocidics, Inc. to provide a selection of chemical-free products to its retail and restaurant customers.

The fourth-generation APEX system will be used to treat at least 10 different varieties of food for Torn & Glasser (www.tornandglasser.com), which processes nuts, dried fruits, rice, beans, spices and other commodity products for customers across the U.S. RF Biocidics also worked with Torn & Glasser to develop a safe and effective processing program that would maintain the food's nutritional content, texture, color and taste.

RF Biocidics will install the APEX system this year in Torn & Glasser's processing facility in Pomona, California, where a single machine will be used to treat almonds, cashews, macadamia nuts and sesame seeds among several items. RF Biocidics' technology employs volumetric heating to remove pests and bacteria using radio frequency waves, providing an environmentally friendly solution that is suitable for both conventionally and organically grown products.

"This partnership with Torn & Glasser is a big step forward in bringing our chemical-free alternative for food processing to consumers," said RF Biocidics Chief Executive Officer Craig Powell. "We are able to provide Torn & Glasser with exceptional end quality for a wide variety of products while also offering technical and scientific expertise to support all of their needs."

RF Biocidics' patented food safety process was developed at the University of California, Davis. RF Biocidics seeks to change the way the food industry looks at food safety and the natural environment. The company brings together experts in biology, microbology, engineering, food safety and mathematics to change the way people think about the food they eat.

A subsidiary of Boston-based Allied Minds (LSE: ALM), RF Biocidics serves clientele in the food and commodities industries across the globe, from the U.S. and Europe to the Middle East, South America, Australia and Mexico. For more information, please visit www.rfbiocidics.com.

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 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 risk 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 Prospectus Rules, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160120005405/en/

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