A UK technology company, with offices in the US, has designed, developed and manufactured a device that detects the inherent qualities of food products, through the use of bio-impedance technology. The device is approved by the Food and Drug Administration (FDA) and has CE marking approval pending. The company is looking for investors that might have distribution channels and/or are interested in supporting the commercialisation of the device with a top four retail supermarket.
A UK technology company has developed a device that detects the inherent qualities of food products, through the use of bio-impedance technology. The technology behind the device is bio-impedance and allows a thorough understanding of the health of cellular membranes of organisms, humans, animals or plants. The device can be used as a prognosis tool globally to: - assess the quality of food products. - avoid food waste in supermarkets; - check whether a meat or fish product is fresh or prior-frozen; - verify the quality of vegetables and fruit before being shipped/sold/consumed. The company is completing pilot trials with a large supermarket group in the UK who have recognised the importance of the device and its use in the production of meat products. The outcome of the trials will be the creation of a scoring system to allow supermarkets to work with their suppliers on quality verified foodstuffs. The device is FDA approved, costs around $200 but can be reduced significantly due to increases in purchase volumes. The company is looking for investors that could be not only potential shareholders but may have distribution channels, in their own country and abroad that may benefit from such a product within the portfolio.
Innovations and advantages
The device is smaller than products used in the research field and the data is verified through the novel use of nanotechnology within the product. Another advantage of the device is its manufacturing costs following innovations in the design. Although the costs are still high this is the result of low batch manufacturing at present. Higher values will see the manufacturing costs reduce by 50%. This product is the first device to be commercially available for the food sector at an affordable price. The product has full FDA Class II device clearance. The company is now working on obtaining CE Marking approval. Over £1.7m globally has been invested by founders in the business to date.
Market application codes
03008 Other Electronics Related
Area of partner's activity
The company is looking for investors who are willing to support the commercialisation of the product in the food sector, preferably with a top four retail supermarket. The investors are not only potential shareholders but may have distribution channels, in their own country and abroad that may benefit from such a product within the portfolio.