Ecoark Holdings, Inc. (OTCQX: ZEST)Posted on April 25, 2018
Ecoark Holdings, Inc. (OTCQX: ZEST) Western Precooling Selects Zest Labs to Optimize Receiving Process Efficiency
Leading Fresh Produce Precooling Company to Use Zest Fresh to Promote Optimal Produce Freshness and Adherence to Processes
Zest Labs, an AgTech company modernizing the post-harvest fresh food supply chain, today announced that Western Precooling, a leading provider of precooling services and equipment to produce shippers for the western U.S., has selected the company’s Zest Fresh solution to help optimize operational efficiency. With Zest Fresh, Western Precooling will fine tune the productivity of its field harvest receiving process at two locations and improve operational efficiency with the goal of delivering the best service to the customer and for the product. Zest Labs is a wholly-owned subsidiary of Ecoark Holdings, Inc. (OTCQX: ZEST).
Western Precooling helps growers and shippers deliver fresh produce from the field to their customers, operating over 100 sites throughout the primary growing regions in the western U.S. The company has developed and implemented best-practice processes for precooling and shipping of fresh produce, and currently provides precooling services to leading growers of strawberries, lettuce and other produce throughout California, Arizona and other western states. With Zest Fresh, Western Precooling aims to ensure that its receiving process is being followed and, if issues occur, its staff can proactively take action and update processes as needed. Zest Fresh uses IoT condition sensors, cloud-based analytics and machine learning to collect data from operations, evaluate it and identify areas where operations can be further enhanced.
“Zest Fresh provides us with the data we need to ensure our procedures are being followed, providing visibility into specific operational efficiencies, and helping us optimize our services,” said Craig Miller of Western Precooling. “Having operational visibility for both local and remote operations provides our team with the tools and information they need for effective decision making.”
To maximize freshness and shelf-life, it is vitally important that produce is chilled to the appropriate temperature, typically around 34 degrees Fahrenheit. When produce is harvested, it is at the field temperature, which can vary widely based on the location of the field, weather and time of day. Once produce is harvested and moved to a cooling facility, a variety of techniques are applied to “pre-cool” the produce and quickly reduce the temperature to the desired goal to reduce the respiration rate and aging of the produce, leading to longer shelf-life for retail distribution and the consumer. Using the Zest Fresh solution helps growers and commercial coolers to proactively respond to impacting variables, such as delays in getting the product from the field to the pack house, prioritizing for pre-cooler availability and pre-cooler optimization based on product conditions.
“Zest Labs is excited to be working with Western Precooling to provide them with data and strategies to create the most efficient operational processes,” said Peter Mehring, CEO of Zest Labs. “Zest Fresh collects and analyzes data during their receiving process to provide insights for strategic decision making for process adherence and improvements.
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 product margins 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.