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SINGAPORE, Aug. 27, 2024 /PRNewswire/ -- Constellar and MY Exhibition Co., Ltd are pleased to announce a strategic partnership to boost the agri-food tech and aquaculture sectors in Singapore and Taiwan region. This collaboration will contribute to the broader goal of leveraging technology to advance Asia's agriculture industry, fostering innovation, sustainability, and economic growth. Singapore currently has the largest agrifood tech ecosystem in Southeast Asia, with over 122 companies, and US$1.4 billion worth of funds raised since 2013, accounting for 45 per cent of all companies and 38 per cent in funding for the region. This enables Singapore to lead innovation incubation, end-to-end testing and the adoption of agrifood and aquaculture technologies for the region. Singapore's robust shared infrastructure and innovation hubs also positions Singapore as the ideal hub in Southeast Asia for regional and international companies to fundraise and seek lab-pilot scale assistance[1]. Taiwan is renowned for its high-tech industry and research and development capabilities. By integrating these strengths into the agricultural sector, Taiwan has established a unique position as a leader in the advancement and future of agribusiness. With its exceptional contributions in IT, high-tech industries, and biotechnology research, Taiwan has earned international acclaim and a distinctive leadership role. These technological advantages are widely applied in agriculture, not only enhancing food self-sufficiency but also addressing climate and environmental challenges through advanced techniques and management practices. This approach ensures the production of market-driven, safe, reliable, sustainable, and traceable agricultural products, allowing the world's ecosystem to breathe and recover. Supported by the ASTEP[2], the growth of agritech to elevate farming practices and produce higher and better-quality yields more productively will continue to offer limitless possibilities for Singaporean and Taiwanese companies and organisations to collaborate for greater growth potential. This partnership will leverage the strengths and expertise of both event organisers to facilitate knowledge exchange, advance research and development, enable networking opportunities, as well as inspire transnational collaborations amongst their event participants. Constellar organises Agri-Food Tech Expo Asia (AFTEA), while MY Exhibition Co. Ltd organises Taiwan Smart Agriweek (TSA) and International Aquaculture and Fisheries Expo Taiwan (IAFET). "We are excited to embark on this journey with MY Exhibition," said Mr Paul Lee, Chief Executive (Markets), Constellar. "This partnership not only reinforces Constellar's vision of convening industry stakeholders but also underscores our shared commitment to advancing the agrifood tech and aquaculture sectors. By leveraging the combined strengths of both organisations, AFTEA, TSA and IAFET will serve as vital platforms enabling industry leaders to network, innovate, and accelerate the pathway towards secure, sustainable and climate-friendly agri-food systems. We welcome like-minded organisers from other markets to join us and forge a strong network of events to grow the industry and form a strong ecosystem of emerging agri-food tech players." Irene Liu, General Manager of My Exhibition Co., Ltd., shared, "This year marks the tenth anniversary of Taiwan Smart Agriweek, and the event has grown as technology plays an increasingly important role in agricultural production. We're focusing on five key sectors of the agricultural supply chain: AgriTech, Livestock & Feed Tech, Aqua & Fisheries Tech, AgriFresh, and Sustainable Agriculture Technology. The exhibition covers the entire supply chain, from seed to feed to food, showcasing advanced equipment, techniques, and solutions. In recent years, Singapore has made impressive progress in tackling food production and safety challenges, which led to the '30 by 30' food policy. Our partnership with Constellar is not just about boosting agricultural technology exchange between Singapore and Taiwan region, but also about speeding up the turnkey export of Taiwan's technology to southbound markets. This collaboration will help integrate technology and markets in Asia's agri-tech sector, supporting southbound countries in reaching their goals for food self-sufficiency and safety, while also creating new opportunities for the agri-tech ecosystem." To visit Taiwan Smart Agriweek (TSA) and International Aquaculture and Fisheries Expo Taiwan (IAFET), register here. For latest event updates, visit taiwanagriweek.com. To visit AFTEA 2024, register here. For latest event updates, follow AFTEA on LinkedIn and Facebook. For media enquiries and interview requests, contact the Constellar Communications team at comms@constellar.co. [1] The observations were highlighted in Singapore's Economic Development Board's report, produced in partnership with Forward Fooding - 'Agrifoodtech in Southeast Asia: 2023 Ecosystem Report'. [2] The Agreement between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Partnership (ASTEP) liberalises and facilitates investment (amongst other aspects) between both markets. ANNEX About Agri-Food Tech Expo Asia Agri-Food Tech Expo Asia (AFTEA) provides a focused exhibition platform with a "living lab" environment, thematic experiential zones, sandbox and community-based learning for emerging and established industry players in the agrifood industry to launch, showcase and testbed their solutions. Organised by Constellar with international partner DLG (the German Agricultural Society), AFTEA is the leading event of the Singapore International Agri-Food Week (SIAW), which gathers global industry leaders, policymakers, and innovators to build new partnerships and explore opportunities for agrifood technology development and adoption across the region. SIAW's other constituent events include Asia-Pacific Agri-Food Innovation Summit, the SFA Global Agri-Food Scientific Symposium, and SFA Roundtable on Novel Food Regulations. AFTEA 2024 will return for its 3rd edition from 19 to 21 November 2024 in Singapore at Sands Expo & Convention Centre, featuring over 300 exhibitors showcasing cutting-edge advancements and latest innovations in Alternative Proteins, Aquaculture, Food Safety & Security, Novel Food Technology, Smart Processing & Packaging, Sustainability & Resource Management, Technological Solutions, Urban & Smart Farming. Exhibitors include country pavilions from France, Hungary, Israel, Japan, Singapore, Spain, Sweden and The Netherlands, alongside key industry players such as DPR, Dragino, Eurofins, Grain Arianetech, JS Biosciences, Nexton, Priva, SCIEX and Shenzhen FY Lighting. Among these exhibitors are about 100 start-ups, contributing to the largest agrifood tech and agrifood start-up ecosystem in Southeast Asia. 2023's edition attracted over 7,500 attendees from 82 countries and regions, with more than 200 global exhibitors. The event also facilitated over 500 business matches and hosted 110 sharing sessions at the Sandbox and Founder's Hub, conducted by over 140 industry experts. About Constellar Constellar is Asia's preferred partner for convening businesses, curating ideas and creating opportunities for sustainable business growth and global impact. Based in Singapore with a regional footprint in China and Malaysia, we curate and develop influential trade and consumer events for key industries, connecting global marketplaces in sectors such as fintech, industrial transformation and ESG. We also manage the Singapore EXPO, Singapore's largest purpose-built venue for Meetings, Incentives, Conventions and Exhibitions (MICE). Our vision is to be a global leader made in Asia, activating impactful networks to enable cross-industry collaboration and innovation through our holistic portfolio of intellectual properties (IP) in the MICE industry. Visit Constellar.co for more information. About MY Exhibition Co., Ltd Established in 2014, MY Exhibition Co. Ltd. specializes in organizing large international exhibitions and conferences within Taiwan, functioning as a subsidiary of Worldwide Expo Services Ltd. (WES Expo). In 2015, it partnered with the Taiwan External Trade Development Council (TAITRA) to launch the 1st edition of the TAIWAN Fisheries & Seafood Show at the Kaohsiung Exhibition Center from November 19 to 21, 2015. Since then, MY Exhibition has pioneered events such as Taiwan Smart Agriweek and the International Aquaculture and Fisheries Expo Taiwan, set to mark its impressive 10th edition on September 11 to 13, 2024. The 9th Taiwan Smart Agriweek and the 10th Int'l Aquaculture & Fisheries Expo Taiwan are supported by the "Ministry of Agriculture". Under the concept of "S.M.A.R.T. - Sustainability, Market, Advance, Resilience, and Technology," the event will showcase over 2,000 innovations from 300 exhibitors across 20 countries. As Asia's largest SMART Five-in-One Trade Show for agriculture, fisheries, livestock, and cold chain, it provides a premier platform for international exchanges and procurement. Visitors can explore the latest innovations and market opportunities to address climate change and smart agriculture, enhancing product quality, efficiency, and production capacity. This year's exhibition features five major themes: AgriTech, AgriLivestock, AgriFresh, and Aquaculture & Fisheries. A new theme, "AgriGreen," has been added to ensure long-term agricultural sustainability, along with the new sub-theme "Pet Food Technology" under AgriLivestock, highlighting the latest innovations in feed technology. About Worldwide Expo Services Ltd (Parent company of MY Exhibition Co., Ltd) Established in 1994, Worldwide Expo Services Ltd (WES Expo) is not only the parent company of MY Exhibition Co., Ltd., but also the exclusive sales representative for RX Global in Taiwan region, which has a proven track record of helping SME (small and medium enterprises) expand into international markets, earning a reputation for reliability and leadership in the field of international trade show services. Over the past three decades, WES Expo has been instrumental in the success of more than 4,000 international trade shows, averaging over 300 events annually.
Partnership offers new solutions in autonomous driving, mitigating recent truck driver shortages and logistics issues in Japan MOUNTAIN VIEW, Calif. and YOKOHAMA, Japan, Aug. 27, 2024 /PRNewswire/ -- Applied Intuition, Inc., a Silicon Valley-based vehicle software supplier, and Isuzu Motors Ltd., a Japan-based manufacturer of commercial vehicles, today announced a strategic partnership to accelerate Isuzu Motors Ltd.'s plan to develop and offer autonomous trucking solutions. The partnership will usher in strong economic and social impacts by optimizing commercial logistics, directly addressing recent concerns surrounding critical driver shortages. Applied Intuition and Isuzu Motors Ltd. Enter Strategic Partnership to Develop Autonomous Commercial Trucks Truck driver overwork is a major public health issue in Japan — nearly 84% of drivers face related health problems. Recent studies showed truck drivers accounted for 34.3% of overwork-related deaths. In response, the Japanese government revised its Labor Standards Law, capping annual work hours at 3,300 hours, including breaks. This has raised concerns about driver shortages in an industry already anticipating a 36% decline in drivers by 2030. Known as "The 2024 Problem," it threatens to disrupt supply chains and challenge Japan's reputation for excellent service. The partnership will expand logistics solutions and mitigate driver shortages by introducing advanced autonomous driving technology in Japan. In April 2024, Isuzu Motors Ltd. announced its mid-term management plan called "ISUZU Transformation - Growth to 2030 (IX)," with a goal of establishing automated driving solutions as a new business pillar. Applied Intuition's technology is designed and developed with its customers' needs in mind, enabling automotive original equipment manufacturers (OEMs) to build safe and intelligent autonomous systems, ensuring they have the necessary solutions for accelerated autonomy development, validation, and deployment. "Applied Intuition is in the business of enabling our OEM customers to deploy next-generation technology in their vehicles. In this case, we're advancing commercial trucking autonomy with Isuzu," said Qasar Younis, co-founder and CEO of Applied Intuition. "What's different about Applied Intuition versus other companies in our ecosystem is we don't succeed if our customers don't succeed. Because of that, we look forward to helping one of the largest truck OEMs in the world simultaneously address needs in commercial trucking and develop in-house capabilities." "Working with Applied Intuition will greatly advance autonomous driving technology development and provide a strong foundation for Isuzu's plan to launch an autonomous trucking business," said Shinsuke Minami, representative director, president and COO of Isuzu Motors Ltd. "This strategic partnership will serve as a strong driving force for our goal to create and offer solutions to challenges faced by our customers and society as a whole." To meet executives from Isuzu Motors Ltd. and other global OEMs, register for Applied Intuition's vehicle software and artificial intelligence conference, Intersect, at appliedintuition.com/intersect. About Applied IntuitionApplied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. Founded in 2017, Applied Intuition delivers the AI-powered ADAS/AD toolchain, vehicle platform and an autonomy stack to help customers shorten time to market, build high-quality systems and create next-generation consumer experiences. Eighteen of the top 20 global automakers trust Applied Intuition's solutions to drive the production of modern vehicles. Applied Intuition serves the automotive, trucking, construction, mining, agriculture and defense industries and is headquartered in Mountain View, Calif., with offices in Ann Arbor and Detroit, Mich., Washington, D.C., Stuttgart, Munich, Stockholm, Seoul and Tokyo. Learn more at appliedintuition.com. About Isuzu Motors Ltd.Isuzu is a leading global automobile company, based in Yokohama, Japan and is engaged in the design, development, manufacturing, sale and service of commercial vehicles, pick-up trucks, diesel and natural gas engines, parts and components. Isuzu products are sold in over 150 countries and regions worldwide. Its Japan's No.1 light-duty truck brand ELF holds top shares in many countries and is acclaimed as the global standard in light-duty trucks. D-MAX pick-up truck has been manufactured and exported to approximately 100 countries from its production base in Thailand. More information can be found at www.isuzu.co.jp.
BEIJING, Aug. 23, 2024 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, is pleased to announce the appointment of Mr. Weibin Yan as the new Chief Executive Officer (CEO) and member of the Board of Directors, effective immediately. Dr. Gengchen Han, who has served as CEO, will continue as Chairman of the Board. Mr. Yan brings a wealth of experience and leadership to Origin Agritech, with a distinguished career in the agricultural and industrial sectors. He is currently the Vice-Chairman of the Hunan Provincial Federation of Industry and Commerce. Mr. Yan was one of the principal founders of Ausnutria Dairy Corporation Ltd. ("Ausnutria"), a company listed on the Hong Kong Stock Exchange, where he served as Chairman from its establishment until September 2023. Under his leadership, Ausnutria became a leading global player in the dairy industry. Mr. Yan also served as a director of Yuan Longping High-tech Agriculture Co., Ltd. ("Longping High-tech"), listed on the Shenzhen Stock Exchange, from 2004 to January 2016. At Longping High-tech, he held various executive roles, including Chief Executive Officer from 2004 to April 2010 and Vice Chairman of the Board of Directors from 2010 to January 2016. In addition, Mr. Yan has a history with Origin Agritech, having served as an independent director of the Company from 2017 to 2018. His deep understanding of the Company's operations and strategic direction, combined with his vast experience, positions him well to lead Origin Agritech through its next growth phase. Mr. Yan holds an MBA in Business Administration from Hunan University, where he also earned his Bachelor's degree in Industrial and Foreign Trade. Dr. Gengchen Han, Chairman of Origin Agritech, commented: "We are delighted to welcome Mr. Weibin Yan as our new CEO and as a member of our Board of Directors. His extensive experience in agriculture and his proven leadership in building and growing successful companies make him the ideal person to lead Origin Agritech into its next phase of growth and innovation. His experience as an independent director furthers his understanding of our mission and strategic goals. I look forward to working closely with him as we continue to advance our mission of providing sustainable agricultural solutions to meet global food security challenges." Mr. Weibin Yan, CEO of Origin Agritech, stated: "I am honored to rejoin Origin Agritech at such a pivotal time in the company's history. The advancements in GMO technology and gene editing that Origin has achieved are truly impressive, and I am excited to lead the company as we work to commercialize these innovations and expand our impact on global agriculture. I look forward to contributing to the Board and leading the talented team at Origin to push the boundaries of what's possible in crop development and deliver significant value to our shareholders." About Origin Agritech LimitedOrigin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company's website at www.originagritech.com. The Company also maintains a Twitter account for updating investors on Company and industry developments which is https://x.com/origin_agritech. For more information, please contact:Origin Agritech Limited Contact:Kate Lang (Mandarin/English)Director of Investor RelationsPhone: +86 186-1839-3368Email: bing.lang@originseed.com.cn Investor Relations Contact:Matthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
LISHUI, China, Aug. 23, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (Nasdaq: FAMI), an agriculture products supplier in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 3,433,167 ordinary shares of the Company (the "Ordinary Shares") in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors Series A warrants to purchase up to 3,433,167 Ordinary Shares. The combined effective offering price for each Ordinary Share and accompanying Series A warrant is $0.30. The Series A warrants are immediately exercisable, expire five years from issuance, and have an initial exercise price of $0.75 per share, which exercise price is subject to standard adjustments for dividends, splits and similar events and is also subject to adjustment for certain dilutive issuances, upon reset following certain capitalization events (including a reverse stock split) and upon reset on a Reset Date (as defined in the Series A warrant). The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $1.0 million before deducting the placement agent's fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about August 26, 2024, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as the sole placement agent in connection with the offering. The Ordinary Shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-280348), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on June 27, 2024. The offering of Ordinary Shares will be made only by means of a prospectus supplement that forms a part of such registration statement. The Series A warrants to be issued in the concurrent private placement and the Ordinary Shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the sales of Ordinary Share will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500. About Farmmi, Inc. Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's website. Forward-Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Act, and applicable state securities laws. Certain statements in this press release concerning the Company's future growth prospects are forward-looking statements regarding its future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements are based on the Company's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events, including statements related to the completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of proceeds therefrom The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the COVID-19 pandemic on the Company's customers' businesses and the end purchasers' disposable income, the Company's ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, the Company's ability to realize revenue from expanded operation and acquired assets in China, its ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect the Company's future operating results are more fully described in the Company's SEC filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the xSEC and its reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that the Company believes to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. For more information, please contact Investor Relations: Farmmi, Inc.Investor RelationsTel: +86-0578-82612876ir@farmmi.com
HONG KONG, Aug. 23, 2024 /PRNewswire/ -- The 10th edition of GS1 Hong Kong Food Safety Forum concluded successfully today, drawing more than 200 attendees from the food and catering industry to join in-person. Ms. Diane Wong, Under Secretary for Environment and Ecology of the HKSAR Government, kick-started the event as the Guest of Honour. Mr. Anthony Li, Deputy Secretary for Environment and Ecology (Food) of the HKSAR Government, Hon. Peter Shiu, Legislative Councilor (Wholesale and Retail) were also on-site as Award Presenters to give out recognitions to 31 outstanding "Quality Food Scheme" companies, including the new "Quality Food Scheme ESG" launched this year. (Front row lady in black dress, from left to right) Ms. Anna Lin, Chief Executive of GS1 HK; Ms. Diane Wong, Under Secretary for Environment and Ecology of the HKSAR Government; Mr. Keith Wu, Chairman of GS1 HK’s Food and Beverage Industry Advisory Board; Ms. Betty Leung, GS1 HK Director of the Board and Vice-chairman of the GS1 HK Food and Beverage Industry Advisory Board, kick-started the GS1 HK Food Safety Forum 2024 with other distinguished guests. Environmental Protection Department recorded that some 3,300 tonnes of food waste, about 30% of municipal solid waste, are disposed at landfills each day, which is not sustainable and is environmentally undesirable as it depletes the limited landfill space[1]. Themed "Rethinking our Future: Where Food Safety and Sustainability Meet", this year's GS1 HK Food Safety Forum focus on the challenges of the local food supply chain, and the sustainable development of the food sector ecosystem. The guest of honour of the event, Ms. Diane Wong, said in the opening remarks, "Advanced technology plays an important role in food safety and sustainability. It can help preserve the environment and improve traceability throughout the food supply chain. Advanced technology can also help reduce food loss and waste by improving storage, handling, and distribution practices. We hope that the food manufacturing industry can continue to explore how the effective adoption of international standards and technologies can help address challenges in food traceability and safety, and also promote sustainable development for the food safety regime. The Government will continue to review the existing policies and measures to ensure that food safety and hygiene standards are met and consumers in Hong Kong can have access to safe and high quality food products." Building a Safe and Sustainable Food Ecosystem with Technology Mr. Keith Wu, Chairman of GS1 HK's Food and Beverage Industry Advisory Board, highlighted the importance of the sustainability of local food ecosystem in his welcome remarks, "Consumers behavior has shifted significantly, with sustainability becoming a priority in purchasing decisions. Regulations over ESG & sustainability are also becoming increasingly common worldwide, making sustainability no longer a choice, but a business imperative, just like food safety. "Traceability" & "transparency" are always the essential pillars to achieve food safety & sustainability goals. Food industry stakeholders have a shared responsibility to continuously strive towards these goals." He cited GS1 HK's "1QR", a QR code with GS1 Digital Link standard, as a good way to promote food safety and sustainability. Retailers can scan the "1QR" at check-out counter and shows the 'Best Before' or 'Sell By' dates – allowing expired foods to be rejected at checkout, and those close to expiry to be sold at a bargain – to reduce food waste. On the other hand, consumers can simply scan the "1QR" with a smart phone to access information like nutritional values, industry certifications, allergy advice, etc., and also the sustainability details such as sources of materials, carbon footprint, recycling method, helping to uplift consumers' confidence and attachment. Senior executives from Data Literacy Association, FrieslandCampina (Hong Kong) Ltd., Kerry Logistics (HK) Limited, Maxim's Caterers Ltd., Swire Coca-Cola HK, Tai Po Chun Hing Ltd., Uni-China Group and Wong & Associates Global Ltd. shared their insights at the Forum, exploring how the effective adoption of international standards and digital technologies can assist the industry in ensuring food safety and promote a sustainable future. The New "Quality Food Scheme ESG" The new "Quality Food Scheme ESG" has awarded 17 enterprises with recognition, which are assessed mainly in accordance with GS1 Global Traceability Standard (GTS), MSCI ESG Indexes[2] and United Nations' Sustainable Development Goals (UN SDGs)[3] etc. The scheme aims to encourage businesses to not only put efforts in food traceability and safety, but also act on ESG practices. Quality Food Scheme has been evolving since 2015 that also covers "Quality Food Scheme" and "Quality Food Scheme Plus". The 2 schemes have recognised 21 companies this year. Please refer to appendix for the awardee list, and visit https://www.gs1hk.org/quality-food-scheme for details of Schemes. Ms. Anna Lin, Chief Executive of GS1 HK, noted, "I'm very pleased to see the encouraging responses for our inaugural "Quality Food Scheme ESG" from the industry, which shows their commitment to sustainable development. We will continue to work with all the parties, by means of consultation, training and award schemes, to elevate food safety standard and more sustainable practices. Photos download: https://gs1hongkong.box.com/s/xuadt1xh6n4hviwyqwst20atz7j4ikfw Remarks： [1] Environmental Protection Department: https://shorturl.at/DqbRk [2] MSCI ESG Index: https://bit.ly/47vsvfd [3] United Nation's Sustainable Development Goals: https://www.un.org/sustainabledevelopment/ Appendix Recognised Companies of "Quality Food Scheme Plus" 2024 (in alphabetical order): Diamond Enterprise Café de Coral Holdings Ltd. DKSH Hong Kong Ltd. FrieslandCampina (HK) Ltd. Hop Hing Oils & Fats (HK) Ltd. Integrated Market Services Asia Ltd. International Gourmet Foods Ltd. Kerry Logistics (HK) Ltd. Maxim's Caterers Ltd. Sims Trading Co. Ltd. Swire Coca-Cola HK Tai Hing Worldwide Development Ltd. Tai Luen Coffee Co., Ltd. Tong Shun Hing Poultry (HK) Co. Ltd. Tsit Wing Coffee Co., Ltd. Vitasoy International Holdings Ltd. Watsons Water Gold Enterprise Hei Yan Tong Recognised Companies of "Quality Food Scheme" 2024 (in alphabetical order): Gold Enterprise AEON Stores (HK) Co. Ltd. Aquaculture Technologies Asia Ltd. DCH Logistics Hong Kong Co. Ltd. Silver Enterprise Sun Yik Food Ltd. Recognised Companies of "Quality Food Scheme ESG" 2024 (in alphabetical order): Innovation CATALO Natural Health Science Limited Kerry Logistics (HK) Ltd. Tong Shun Hing Poultry (HK) Co. Ltd. Technology DKSH Hong Kong Ltd. Loscam (Hong Kong) Ltd. Meiriki Japan Company Ltd. Nestlé Hong Kong Ltd. Sun Fat Heung Food Products Ltd. (Top Soya) Achievement Hop Hing Oils & Fats (HK) Ltd. International Gourmet Foods Ltd. King Bakery Holdings Limited Sa Sa Cosmetic Co. Ltd. Tai Hing Worldwide Development Ltd. Tai Luen Coffee Co. Ltd. Tai Po Chun Hing Ltd. The Garden Company Limited Wah Yuen Foods (H.K.) Co. Ltd. About GS1 Hong Kong Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong is the local chapter of GS1®. GS1 Hong Kong's mission is to empower businesses of their digital transformation, improve supply chain visibility and efficiency, ensure product authenticity, facilitate commerce connectivity and enable sustainable value chain through the provision of global supply chain standards (including GTIN & barcodes), and a full spectrum of platforms, solutions and services. GS1 Hong Kong currently supports close to 8,000 corporate members from 20 sectors including retail & consumer packaged goods, food & beverage and food services, healthcare, apparel & footwear, logistics & ICT. By working closely with communities of trading partners, industry organizations, government, and technology providers, we can foster a collaborative ecosystem, paving the way for "Smarter Business, Better Life". Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 118 national chapters serving 150 economies globally. For more information, please visit www.gs1hk.org.
Second-generation TheiaVu® WD-300 system offers precision, reliability, and speed – up to 10x faster than manual product checks WESTBOROUGH, Mass., Aug. 22, 2024 /PRNewswire/ -- Meat and poultry processors face ongoing challenges with quality control, consistency, and labor shortages. Traditional manual inspection methods are time-consuming, subjective, and provide limited data. KPM Analytics introduces TheiaVu® WD-300, the first AI-enabled at-line vision inspection system designed specifically for meat and poultry applications. The new AI-Powered TheiaVu WD-300 includes advanced features and capabilities from previous system generations to answer specific demands from users in the meat and poultry industry. It eliminates the need for calipers and color charts to save labor and avoid subjective assessment. The at-line visual inspection reduces all these manual measurements into a single pass through a conveyor for greater precision, reliability, and speed compared to other visual inspection methods. The TheiaVu WD-300 is optimized for a wide range of meat and poultry products, including chicken portions, beef cuts, processed meats and other further breaded products such as chicken nuggets and sandwich patties. Sophisticated, Trainable Artificial Intelligence Analyzes Range of Product Features In addition to traditional rule-based vision techniques, the TheiaVu WD-300 vision inspection system leverages sophisticated artificial intelligence to analyze product attributes quickly and accurately. It can assess key quality indicators such as product thickness, fat distribution, and cook color even on breaded products, as well as measure size, shape, and detect blood spots or foreign materials. Each TheiaVu WD-300 is equipped with measuraAITM, available in measura® 4 software, which provides a simple interface that allows users to take advantage of recent developments in artificial intelligence and train their own AI models based on provided templates for their unique products. The measura® 4 software is also available in all TheiaVu models, including the TV-250 product line for the baking industry. As optional add-ons, the TheiaVu WD-300 also interfaces with an integrated weighing scale or product temperature probe to complete quality assessment needs. This comprehensive analysis provides processors greater insights into their production process, ensuring consistent quality and maximizing value. Unlike infrequent manual measurements, which are difficult to standardize, the new system offers rapid, objective analysis of multiple product attributes in a single pass. Customers participating in beta testing of the new system report significant increases in inspection speed, more consistent results, valuable data insights, and allows them to get the highest value for their products. Rapid Return on Investment The TheiaVu WD-300 vision inspection system offers a rapid return on investment. Rather than installing a vision inspection system over each processing line, a less expensive at-line system like TheiaVu WD-300 can be located on the production floor or in the quality lab and used to inspect every line. In this way, the TheiaVu WD-300 system provides a steppingstone for more automated in-line inspection in the future. KPM Analytics inline inspection systems, such as the KPM P-Series utilize the same software interface as the TheiaVu WD-300 for seamless measurement transfer to the production line. Processors can dramatically increase the amount and consistency of data collected. As labor challenges persist in the industry, company managers will appreciate the opportunity to: Ensure compliance with customer specifications and reduce the risk of costly product rejections. Increase sampling rates with the speed and consistency of the AI-powered analysis. Realize a more representative picture of overall product quality by collecting data on more samples in less time. Enjoy a user-friendly setup due to the system's AI programming. This allows new product specifications to be added in minutes rather than hours for a line change or product reformulation. Save time by using included AI libraries for meat and poultry products, with digitally stored data for easy retrieval. Designed with Meat Processors in Mind Additionally, the system is specifically designed for the harsh environments typical of meat processing plants. Its washdown-ready housing and removable, easy-to-clean conveyor belt supply the combination of durability and hygiene required in the meat industry. The system also includes an IP69-rated touchscreen operator interface with integrated PC. Jon Gilchrist, Technical Solutions Director for Protein Vision Inspection Systems at KPM Analytics, said, "Our system can increase sampling rates by tenfold or more compared to manual methods while also expanding the range of measurements taken. This level of data collection and speed is simply not possible with manual inspection or modified, basic camera systems while adding in objectivity and reliability that reduces waste and positively impacts profitability." Companies can leverage these capabilities to future-proof quality control operations. As labor challenges persist, TheiaVu WD-300 allows processors to optimize labor while dramatically increasing the amount and consistency of data collected. This comprehensive data collection enables processors to identify trends, anticipate issues, and make data-driven decisions to improve their overall operations. Available Now The TheiaVu WD-300 at-line vision inspection system is available now. Request an on-site assessment at sales@kpmanalytics.com. About KPM Analytics KPM Analytics is a global leader in scientific instrumentation, focused primarily on analyzing critical parameters within the food, feed, agriculture, and environmental sectors. We provide a comprehensive range of products and services to uniquely solve our customers' problems. Our product brands are AMS Alliance, Bruins Instruments, CHOPIN Technologies, EyePro System, Process Sensors Corporation, Sensortech, Sightline Process Control, Smart Vision Works, and Unity Scientific. Each has a long history of delivering advanced and reliable analysis solutions to ensure product quality and optimize process efficiency, with customer service at the center of everything we do. Visit www.kpmanalytics.com to learn more. Media contacts: Andy Dambeck adambeck@kpmanalytics.com 774-399-0477
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