Periodic Reporting for period 1 - Waste reduction (Freshness and expiration date measurement)
Reporting period: 2019-11-01 to 2020-04-30
In contrast to the human senses this device gives a measurable value for freshness and is able to predict expiration dates. In comparison to 48 hours microbiological analysis, which can also determine freshness, use of our device does not require trained personal, it is cheap and can be used on-location and gives result immediately, including prediction of shelf-life. This will significantly reduce food waste of these highly valuable but also highly unsustainable products.
1) Significantly improved the technical feasibility and validated our methodology, technology together with RTOs and universities and several partners from the food industry. The technical progress has resulted in pre-sales agreements with customers and several public disseminations of the results achieved and a scientific publication including solid proof of the feasibility and value creation of the device to the industry.
2) Based on Freedom to Operate and novelty searches, an additional patent for the technical advances is in process.
3) We have identified Key markets and performed customer feed-back loops on the functionality and value creation of our technology. First-mover markets have been identified and numerous new collaborations and partnerships has established, including production partners.
4) An elaborate Business Plan containing the results from the technical, IPR and marked feasibility study, has been compiled.