Using the Internet of Things to reduce food waste (Huffington Post)

The USDA estimates that more than 30% of all food products in the United States are thrown away, costing the nation more than $161 billion per year.  This is often due to an inefficient supply chain that struggles to keep produce cool, and therefore fresh enough, from farm to store.

The temperature of produce is crucial, with even seemingly minute changes in the rate at which crops are placed in the correct temperature having a significant impact on the shelf-life of the produce.  Not only does this make for a whole lot of food waste, but it also makes it hard for consumers to trust the used by date on the produce itself.

Such challenges have encouraged a number of fascinating projects that aim to try and solve this problem and provide supply chain managers with real-time insights into the produce as it travels from field to store.

To read the entire article from Huffington Post, please click here.

Ecoark exec moved up to CEO position (ArkansasOnline)

Ecoark Holdings Inc. has named Jay Puchir its chief executive officer as part of a reorganization in advance of the company’s plan to complete its application for uplisting on the Nasdaq Capital Market.

Puchir moves into the CEO role after previously leading Ecoark’s financial planning and analysis, treasury and secretary functions. He replaces Ecoark founder Randy May as CEO. May will remain chairman of the company’s board of directors.

In addition to Puchir’s promotion, Ecoark has named former Wal-Mart treasurer Charles Rateliff as chief financial officer and treasurer. Rateliff retired from Wal-Mart in 2005 after a 25-year career and has been an independent member of the Ecoark board since May.

Roshan Weerasinghe also was appointed CEO of Pioneer Products, an Ecoark subsidiary.

Ecoark is a company in Rogers that focuses on reducing waste in operations, logistics and supply chains.

To read more from ArkansasOnline, please visit their website.

In Preparation for Nasdaq Uplisting, Ecoark Holdings Appoints Jay Puchir CEO and Adds Former Walmart Treasurer Charles Rateliff as CFO

Restructuring to Streamline Parent Company and Focus Key Subsidiaries on Profitability

Founder Randy May to Remain Chairman of the Board

 Rogers, AR – March 29, 2017Ecoark Holdings, Inc. (“Ecoark” or “Ecoark Holdings”) (OTCQX: EARK) today announced several key organizational changes to streamline parent company operations and focus key subsidiaries on attaining profitability as the company prepares to complete its application for uplisting on the Nasdaq Capital Market. As part of the restructure, the Ecoark board of directors has unanimously voted to appoint Jay Puchir CEO of Ecoark Holdings.  Ecoark Founder Randy May will remain Chairman of the Board after nominating Jay Puchir to assume the CEO role. The company also elected former Walmart Treasurer Charles Rateliff CFO and Treasurer of Ecoark Holdings.  The company’s CFO position has remained vacant since former CFO Yash Puri resigned in January 2017.

“Over the past 12 months, as a post-merger public company, we’ve successfully focused on fundraising and growth through acquisition. As we prepare for this critical next stage of the company and uplisting to Nasdaq, we’re proud to promote Jay as our new CEO to develop and execute our strategic growth plan and ensure we deliver maximum shareholder value,” commented Randy May, former CEO of Ecoark Holdings. “During his time as director of finance, secretary, and treasurer, Jay has been invaluable in helping Ecoark and our subsidiaries begin to adopt industry best practices. I’m looking forward to continuing to work closely with him as we enter this exciting next phase of the company’s maturation.”

Key Organizational Changes

In addition to appointing Jay Puchir CEO and Charles Rateliff CFO, Ecoark Holdings also announced two additional executive changes:

  • COO Roshan Weerasinghe was appointed as CEO, Pioneer Products, an Ecoark subsidiary, to focus full time on business development and not corporate operations; and
  • SVP of Business Development Gregg Hames will transition to his new role as SVP of Implementation, Zest Labs, an Ecoark subsidiary, moving from his role at Ecoark.

“Ecoark has rapidly and successfully transitioned from the development stage to a highly valuable collection of revenue-producing subsidiaries that solve major business challenges. We’re currently focused on improving our fundamentals, increasing sales through growth and acquisitions, and attaining profitability to maximize shareholder value,” said Puchir. “The fact that Charles is coming out of retirement to become CFO demonstrates his confidence in the company and the huge market opportunity in front of us.  I’m looking forward to the opportunity to lead this highly dynamic organization with disruptive technologies through one of the most exciting processes in business.”

Jay Puchir has held executive roles at several companies prior to joining Ecoark Holdings. Most recently, he led Ecoark’s financial planning and analysis, treasury and secretary functions, and worked with the Corporate Controller with financial reporting. Jay began his career as an auditor and consultant with one of the Big 4 accounting firms, ultimately earning the position of Senior Manager. He then held the role of the Director of Finance/Controller at a state college, and then Associate Chief Financial Officer within a Fortune 100 healthcare organization. A licensed Certified Public Accountant, Jay received his Bachelor of Arts from the University of North Carolina at Chapel Hill and his Master of Business Administration from Rutgers University.

Charles Rateliff retired in 2005 from Walmart Stores as a Senior Vice President after a 25-year career. Following his retirement, he served as an independent consultant to several private investment groups. After receiving an MBA from the University of Arkansas, he was hired as an internal auditor for Walmart and within five years was promoted to Assistant Treasurer and later on, Treasurer. Over the course of his career at Walmart, Charles worked across several departments including compliance, risk management, profit sharing and associate benefits.  Charles has been an independent member of the Ecoark Board of Directors since May 2016.

In addition to the aforementioned executive changes, the Board voted to increase the number of Directors from seven to nine and will immediately begin searching for two additional independent Directors to fill the vacancies.

About Ecoark Holdings Inc.

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. The company’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. Its 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, Zest Labs, Eco3d, Pioneer Products, and Magnolia Solar. For more information, please visit www.ecoarkusa.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.

Zest Labs Demonstrates Proactive Fresh Food Management throughout the Supply Chain

Zest Labs combines pallet-level produce monitoring with real-time analytics to provide proactive fresh food management, improving quality consistency and reducing post-harvest food waste

Rogers, AR (March 23, 2017) – Zest Labs Inc., a wholly owned subsidiary of Ecoark Holdings, Inc. (OTCQX: EARK) and provider of Zest Fresh, a freshness management solution for produce, meats, seafood and dairy recently demonstrated the benefits of a field-to-shelf, proactive freshness management solution, as highlighted by a recent industry white paper discussing available technologies to address the issue.

Historically, post-harvest agriculture operations have been managed by experience and summary reports or audits. Whether due to the very distributed nature of harvesting and processing, or the predominantly manual processing involved, little has been done to collectively monitor each of these processes in real time. While many other industries have adopted real-time process monitoring and feedback to improve quality consistency – such as car manufacturers in the 1980s – this methodology has not yet been adopted in post-harvest agriculture. Zest Labs has shown the benefits of real-time monitoring and feedback for post-harvest processing, through a significant improvement in the quality consistency of delivered product.

A recent article, “Preemptive Freshness Management,” published by Chainlink Research, highlights the benefits of real-time, data driven feedback in managing the fresh food harvest and distribution processes. “Zest Fresh leads the industry in providing preemptive freshness management capabilities for fresh food, addressing core industry challenges with its approach. Zest Fresh offers both the breadth and depth to cover critical processes from the field to the pack house, and through distribution and retail delivery,” stated Bill McBeath, Chief Research Officer at Chainlink Research. As the Chainlink Research article states, empowering the worker in real time is critical to delivering quality consistency, which is a primary contributor to customer satisfaction and avoiding fresh food waste.

Zest Fresh monitors products at the pallet level from harvest through pack house operations, providing real-time feedback that empower workers to maintain best practices. Real-time feedback includes alerts, process specific mobile applications and web dashboards, all of which reflect pallet-level process adherence against product and vendor specific parameters. Zest Fresh feedback includes prescriptive corrective actions that consider many variables including the current product condition and product volume at each process step, processing equipment availability, daily product demand, and required freshness for planned shipments. The knowledge driving the corrective actions, combined with the real-time availability of the information, equip workers to make better tradeoffs, and consistently deliver high quality product.

“Zest Fresh provides an end-to-end solution for managing freshness, using automated data capture and Cloud-based, real-time analytics to enable workers to make the best decisions,” states Peter Mehring, CEO of Zest Labs. “By knowing the condition of each individual pallet, and the current constraints at each process step, Zest Fresh can optimize the trade-offs at key decision points in real-time, making it easy for workers to do the right thing.”

About Zest Labs Inc.

 Zest Labs is a company of passionate problem solvers, addressing the significant challenge of reducing fresh food waste. Zest Fresh is a fresh food management solution that focuses on three primary value propositions – consistent food quality, reduced waste, and improved food safety. Zest Fresh empowers workers with real-time tools and alerts that improve efficiency while driving quality consistency through best practice adherence on every pallet. Zest Fresh drives both business success and environmental sustainability by significantly reducing waste. Zest Labs delivers best-in-class solutions such as Zest Fresh, by addressing the science at the core of the problem, and then provides the tools that make it easy to do “the right thing” every time.

To learn more about Zest Labs, please click here.
To watch a video about Zest Fresh, please click here.

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, Zest Labs, Eco3d, Pioneer Products, and Magnolia Solar.

For more information, please visit www.ecoarkusa.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 and statements relating to our expectations regarding the completion of the proposed registered offering. 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. Other factors that may cause such a difference include, without limitation, risks and uncertainties related to market and other conditions, the satisfaction of customary closing conditions related to the proposed registered offering and the impact of general economic, industry or political conditions in the United States or internationally. 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.

Ecoark Takes Steps to Acquire 440labs (Arkansas Democrat Gazette)

Ecoark Holdings Inc., a Rogers company that focuses on reducing waste in operations, logistics and supply chains, is acquiring software development and information solutions provider 440labs.

Ecoark said it has completed a nonbinding term sheet to acquire the Massachusetts company in an all-stock transaction. 440labs has partnered with Zest Labs — an Ecoark subsidiary — for the past four years, providing cloud solutions and mobile applications.

Ecoark Chief Executive Officer Randy May said in a statement that the transaction is consistent with the company’s capital deployment strategy of acquiring “high performing niche businesses.” 440labs’ name, brands and office locations will not change as a result of the transaction.

“440labs is a terrific company with clear leadership in its niche market, strong technical expertise with numerous growth opportunities, and a management team that will thrive as part of Zest Labs,” May said in the statement.

To read more from Arkansas Democrat Gazette, please visit their website.