Ann: TPM Improves Negative Effects of Heat Stress in Poultry, page-32

This really is a tale of two companies. Pre Murdoch era which was run by a corrupt individual who obviously wasn't focussed or disciplined in driving the technology of POH into a commercially viable product. Through that regime the company has been left in an absolute shambles.
The Murdoch era has brought with it a very deliberate and disciplined approach. POH was criticised for not having any published scientific papers, this he addressed. The company has been criticised for not having scientific data to support the value of TPM. Murdoch set about implementing a series of scientific trials which has provided the data to commercialise the TPM platform. We obviously had the first poultry study, the pig study and finally the soon to be released cattle study. Along with this (and what we don't know) is the data sets that Terumo is building through the relationship POH has with them. A multi billion dollar company that obviously has a high level of credibility and wouldn't be developing this relationship if the research didn't support the technology.
Under Murdoch's stewardship we have deals/potential deals with "Terumo, Credit Pharma, Thermis, Rodan Fields, Pure Beauty and Ashland." All companies who wouldn't explore the possibility of deals if the TPM had no scientific value.
And now another independent study to support TPM. What interests me with this latest study is what has been left unsaid. Murdoch said at the investor presentations that there were a number of companies doing their own due diligence on TPM. Last week we found out that Rodan Fields was one. Today we find this study was conducted. Obviously we didn't initiate this study otherwise we would have announced it. So who did. Murdoch, who has built up a lot of credibility, suggested that a number of companies in the animal feed sector were doing their own DD. Is this one of those companies and hence the study came from left field? I would suggest so. And that leaves the possibility of another company coming on board soon.