Additional Offerings Enable More Rapid Implementations and Faster ROI for Suppliers and Grocers to Improve Operational Efficiency and Ensure Delivered Freshness
San Jose, Calif. – July 10, 2019 – Zest Labs, an AgTech company modernizing the post-harvest fresh food supply chain, today announced the availability of new modularized components of its Zest Fresh™ solution for growers, packers, processors, shippers, restaurants and grocers. All modules are built on the Zest Fresh platform. The new modules are Zest Fresh | Insights, Zest Fresh | Metrics and Zest Fresh | Optima. The new Zest Fresh modules make it simpler and faster for suppliers, restaurants and grocers to trial and deploy the solution. Zest Labs is a wholly-owned subsidiary of Ecoark Holdings, Inc. (OTCQX: ZEST).
The Zest Fresh platform provides fresh food companies across the supply chain with strategic insights to improve operations and manage freshness at the pallet level. Zest Fresh enhances operational efficiency for suppliers and ensures delivered freshness for restaurants and grocers, reducing field-to-store waste by 50 percent or more while improving customer loyalty.
“Until Zest Fresh, suppliers and retailers lacked a solution that provides real-time, pallet-level data and insights, helping improve their post-harvest and fresh supply chain operations,” said Peter Mehring, CEO of Zest Labs. “The new Zest Fresh modules further extend our ability to positively impact their business and provide a rapid ROI by helping them reduce costs, improve operational efficiency and ensure delivered freshness.”
The Zest Fresh platform simplifies and empowers the IoT-enabled supply chain, scaling from simple to complex ecosystems. Its SaaS-based, real-time, event-streaming architecture seamlessly harnesses business information and autonomously collected sensor data enabling the suite of on-demand Zest Fresh solutions. Its dashboards and alerts are optimized for web-based and mobile deployments.
Zest Fresh | Insights measures produce shelf-life variability and provides awareness and understanding into where shelf-life is lost, what factors are potentially impacting shelf-life, and the changes needed to improve shelf-life consistency, reduce waste and increase product margins. It uses a unique product retention process that collects and evaluates produce samples at the customer’s facility, assessing them daily to determine produce shelf-life variability.
Zest Fresh | Metrics improves product margin and reduces waste by providing suppliers and retailers improved operational visibility and control of their fresh food supply chain. It uses innovative IoT sensors and powerful SaaS-based data analytics to track and monitor produce at the pallet level in real-time, from field to store, providing visibility that helps validate the products being shipped meet the predefined process and quality metrics. Zest Fresh | Metrics also helps identify and prioritize pallets based on both harvest quality and process adherence to match long and short transit times.
Zest Fresh | Optima further improves the fresh food supply chain to maximize margin and deliver freshness. The next-generation solution for the fresh supply chain, incorporating the industry’s first freshness metric, the Zest Intelligent Pallet Routing Code (ZIPR Code), uses powerful predictive analytics to dynamically determine the remaining shelf life of product and optimize distribution as it moves through the fresh supply chain to ensure that every pallet of produce meets the customers’ freshness requirements.
About Zest Labs
Zest Labs, a subsidiary of Ecoark Holdings, Inc., to be renamed Zest Technologies™ (OTCQX: ZEST) is an AgTech company modernizing the post-harvest fresh food supply chain to improve food safety and reduce food waste. Our flagship solution, Zest Fresh, provides autonomous, field-to-shelf visibility for proactive decision making to improve delivered freshness and reduce shrink by 50% or more. Integrated blockchain technology provides true transparency for food safety, product freshness and traceability. Zest Fresh improves profitability and increases customer satisfaction and brand loyalty while promoting sustainability.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning the business and possible or assumed future results of operations of Zest Labs; and statements concerning the ability of Zest Labs’ technology to improve delivered quality consistency, significantly reduce perishable food waste, drive sustainability, and increase efficiency in the industry. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: access to growth capital on favorable terms; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.