Invest in patented and trademarked products that address the untapped market for refrigerated product quality control
The Company makes smart sensor (RFID) tags to capture the condition of perishable products in real-time, the software to retrieve tag data and issue alerts, and a cloud storage solution to store tag data and analytics for mapping and to aggregate and curate data for freshness-based business decisions. The Company’s trademarked and patented products address a multi-billion dollar worldwide market, which is growing rapidly due to increased spoilage rates from the globalization of the cold storage chain, product recalls, regulatory oversight and, most importantly, customer desire for quality. The Company’s key staff and consultants include experts in food technology, software development, RF design, batteries, QA and processes. Additionally, the Company’s core management has a proven record in creating markets and achieving leadership in these markets. They have a record of skill in successful mass-market brand creation and management with a focus on quality of product and quality of service.
Each year there are more than $500 billion temperature sensitive products made, transported, sold and consumed each year in the United States alone. Over 50% of all food products globally end up going to waste, and grocers and consumers throw away $48 billion worth of food annually. In the United States, 70% of cut flowers purchased come from Ecuador or Columbia, and approximately 80% of seafood comes from Asia. Just 1% of imported food is inspected before it enters the country. Temperature sensitive pharmaceuticals represent 25% of the $900 billion 2012 pharmaceutical market. Seven of the top ten selling biopharmaceuticals are extremely temperature sensitive. A biopharmaceutical can have as many as 1,000 temperature sensitive ingredients. Temperature sensitive adhesives and sealants, cosmeceuticals and cut flowers represent an additional $90 billion market. The Company is seeking $10 million of funding to be used to finance marketing, sales, inventory/assembly and additional development.
Sector: Information Technology
Segment: RFID Sensors
Location: USA
Financing Size: $10m
Contact: Gregory A Donelson
Company : International Mergers & Acquisitions
Telephone: +1 602 258 2895
E-mail: [email protected]