ROGERS, AR--(Marketwired - July 07, 2016) - Ecoark Holdings, Inc. (Ecoark) (OTCQB: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today commented on the recently released 2016 Global Food Policy Report: Toward a more sustainable food system. The USDA has estimated the amount of food loss in the U.S. to be $161B.
"As the recent Global Food Policy Report reflects, there is strong public and private motivation to modernize our food system by significantly increasing efficiency through reduction in food loss and waste. Ecoark has embraced this goal through our Intelleflex subsidiary, offering ZEST Fresh™, a breakthrough approach for quality management of post-harvest fresh food that substantially reduces food loss and waste. With ZEST Fresh™, growers, distributors and retailers improve quality consistency, profitability and sustainability while reducing waste," stated Randy May, Chairman and CEO of Ecoark Holdings, Inc.
Quality consistency was recently recognized as a primary contributor to food loss in a recent Chainlink Research article, "Why Quality Consistency Matters." Ann Grackin, author and Chainlink Research CEO stated, "Recent studies have shown that even with a modern food supply chain defined by best practices, quality consistency remains a primary contributor to food loss. The industry will need to adopt data monitoring at the product-item-level to determine and mitigate the issues in progress. We believe that ZEST Fresh™ is the best example of a modern solution that addresses quality consistency shortcomings by combining cloud, mobile and cost effective item-level monitoring technology with real-time analytics."
Reducing food loss remains a significant goal for grocery retailers, restaurants, and food service companies, as they look to improve profitability for their investors and sustainability for their communities. Given the amount of food loss in the U.S. market, there is significant opportunity for growth in supplying an effective solution. ZEST Fresh™ represents a breakthrough quality management solution, with demonstrated effectiveness that is just beginning to deploy.
"The opportunity is to dramatically improve the quality consistency of perishable food for consumers and retailers worldwide, all while significantly reducing the massive 30% post-harvest waste, improving food safety and supply visibility, delivered with a positive cash flow solution. ZEST Fresh™ is the only real-time, unit-level freshness management tool that is both practical and immediately cost-effective," said Peter Mehring, CEO, Intelleflex.
For more information on ZEST Fresh™, please our Intelleflex web site.
About Ecoark Holdings Inc.
Based in Rogers AR and founded in 2011, Ecoark Holdings, Inc. is a growth-oriented company based in the retail and logistics hub of Northwest Arkansas. Ecoark's portfolio of technology solutions increase operational visibility and improve organizational transparency for a wide range of corporate clients.
Ecoark's technologies fight waste in Operations, Logistics, and Supply Chains across the evolving global economy. Ecoark's portfolio of companies and technologies work to integrate people, processes, and data in order to overcome ingrained operational hurdles and create new revenue streams.
Ecoark's vision is to expose the cycles of waste that reduce efficiency and cost effectiveness across the business landscape. Ecoark's strategically acquired subsidiaries have anticipated and responded to key economic factors impacting every business today.
Ecoark addresses these vital economic factors through four active subsidiaries, Intelleflex, Eco3d, Pioneer Products, and Magnolia Solar.
For more information, please visit www.ecoark.com.
Forward Looking Statement:
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; 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.