Zest Labs Named to Food Logistics’ Top Green Providers List for 2018

SAN JOSE, Calif. – June 19, 2018  Zest Labs, an AgTech company focused on solutions that reduce food waste and improve product margins, today announced it has been named to the Top Green Providers list for 2018 from Food Logistics, the only publication exclusively dedicated to covering the distribution and handling of product through the global food supply chain. Zest Labs is a wholly-owned subsidiary of Ecoark Holdings, Inc. (OTCQX: ZEST), to be renamed Zest Technologies, Inc.

The Food Logistics’ annual Top Green Providers Award recognizes companies whose products, services or exemplary leadership are enhancing sustainability within the food and beverage industry.

“It’s an honor to be to be recognized as a Food Logistics Top Green Provider Award winner,” said Peter Mehring, CEO of Zest Labs. “The award reflects our dedication to improving food quality, reducing waste, enhancing sustainability and protecting the environment by utilizing predictive analytics and IoT condition monitoring solutions to deliver solutions that modernize the post-harvest fresh food supply chain to the benefit of growers, distributors, retailers and consumers.”

Zest Labs’ flagship product, Zest Fresh, provides an end-to-end solution for managing delivered freshness, using a scientific approach to capture and calculate the dynamic freshness at the pallet level to reduce post-harvest food waste. With Zest Fresh, everyone along the fresh food supply chain is armed with the data they need to make the right decision every time to ensure product freshness and decrease food waste.

“The agricultural sector and food supply chains at large have long recognized the importance of environmental stewardship for long-term sustainability in both business and for future food production globally,” said Lara L. Sowinski, editorial director at Food Logistics. “Food Logistics remains committed to promoting those in our industry who understand their leadership role in sustainability and work to raise the bar with new products, services and strategies each year.”

About Zest Labs

Zest Labs is an AgTech company modernizing the post-harvest fresh food supply chain to improve food safety and reduce food waste by 50 percent or more. Our flagship solution, Zest Fresh, provides autonomous, field-to-shelf visibility for proactive decision making to improve delivered freshness and reduce shrink. 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.

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

Contact:

Greg Wood
Zeno Group for Zest Labs
650-801-7958
Greg.Wood@zenogroup.com

Ecoark to Present at the Oppenheimer 18th Annual Consumer Growth and E-Commerce Conference

ROGERS, Ark. – June 15, 2018Ecoark Holdings, Inc. (“Ecoark”), to be renamed Zest Technologies, Inc., (OTCQX: ZEST), an AgTech company focused on solutions that reduce food waste and improve product margins, today announced it will present at the Oppenheimer 18th Annual Consumer Growth and E-Commerce Conference. The event is taking place at the Four Seasons Hotel in Boston on June 19-20, 2018. Ecoark’s presentation is scheduled on Wednesday, June 20 at 8:15 a.m. EDT. A webcast of the presentation will be available live on the Investor Relations section of Ecoark’s website.

About Ecoark Holdings, Inc.

Ecoark Holdings, Inc., to be renamed Zest Technologies, Inc., (OTCQX: ZEST) is focused on improving the agriculture and supply chain industries through innovative AgTech solutions for growers, processors, ranchers, restaurants and retail grocers. Ecoark, through its wholly-owned subsdiary Zest Labs, offers a suite of proven solutions that address the $161 billion fresh food waste problem, improve delivered freshness, and provide true transparency for the fresh produce, meat and seafood supply chains. To learn more about Zest Labs, please click here. To watch a video about Zest Fresh, please click here.

Forward Looking Statement

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.

 

Contacts:

Investor Relations:

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

 

Public Relations:

Greg Wood

Zeno Group for Zest Labs

650-801-7958

Greg.Wood@zenogroup.com

Ecoark Receives Extension for Submitting 10k for Fiscal Year 2018

ROGERS, Ark. (June 14, 2018) – Ecoark Holdings, Inc. (“Ecoark”), to be renamed Zest Technologies, Inc., (OTCQX: ZEST), an AgTech company focused on solutions that reduce food waste and improve product margins, today announced that it will file its Fiscal Year 2018 10-K on June 29, 2018 with the Securities and Exchange Commission with a permissible extension allowed for companies that need additional time. The extension was filed to support the additional time needed to complete the reclassification of the previously announced divestitures of the key assets of Pioneer Products, LLC, its subsidiary Sable Polymer Solutions, LLC, as well as the assets of Magnolia Solar, Inc., to discontinued operations. Also, expanded disclosures are required in the 10-K following the filing of the Company’s transition report on Form 10-QT required by the change in its fiscal year end from December 31 to March 31.

About Ecoark Holdings, Inc.

Ecoark Holdings, Inc., to be renamed Zest Technologies, Inc., (OTCQX: ZEST) is focused on improving the agriculture and supply chain industries through innovative AgTech solutions for growers, processors, ranchers, restaurants and retail grocers. The Company offers a suite of proven solutions that address the $161 billion fresh food waste problem, improve delivered freshness, and provide true transparency for the fresh produce, meat and seafood supply chains. To learn more about Zest Labs, please click here. To watch a video about Zest Fresh, please click here.

Forward-Looking Statements Disclaimer

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.

 

Contacts

Investor Relations:

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

Public Relations:

Greg Wood

Zeno Group for Zest Labs

650-801-7958

Greg.Wood@zenogroup.com

Zest Labs is Working with a Leading Retailer, Distributor and Multiple Growers Related to Programs for Improving Delivered Freshness and Operational Efficiencies

SAN JOSE, Calif. – June 13, 2018 – Ecoark Holdings, Inc. (“Ecoark”), to be renamed Zest TechnologiesTM, (OTCQX: ZEST), an AgTech company focused on solutions that reduce food waste and improve product margins, is providing an update on recent business developments for its Zest Labs™ subsidiary.

“Zest Labs is seeing increased traction and interest in its solutions from the retail grocery and the produce grower, processor and distribution industries,” said Peter Mehring, CEO and President of Zest Labs, a wholly-owned subsidiary of Ecoark. “The grocery retail market is fundamentally changing with the combination of increased pricing pressure on fresh foods from discounters, increased expense in e-commerce support, and increased costs associated with freight delivery. These industry trends put a squeeze on fresh product margin, and fresh products are critical to grocery retailers as they drive customer traffic. Zest Fresh has been recognized as a proven approach to improve fresh product margin by reducing shrink in distribution and retail, while improving shelf-life consistency for consumers.”

Zest Labs recently began early phase implementations of Zest Fresh with a national retailer and a national distributor, each with two suppliers, to show how operational savings can be quickly realized from coast to coast. Mehring continued, “Waste in retail groceries is nothing new, but with the increased margin pressure it can no longer be tolerated. We are experiencing a significant increase in interest as the industry has become aware that Zest Fresh delivers real savings.” Zest Labs is continuing discussions with these companies for expanding coverage to additional products. Initial revenue from these programs will be recognized in First Quarter Fiscal 2019.

Zest Labs also continues to gain traction with growers and processors, as the benefits of improving operational efficiency are recognized. In June, two new sites were added for a national grower, with additional deployment work scheduled. “To maximize effectiveness for retailers, Zest Fresh is used to capture data from the field through processing and distribution. Delivering real value to growers and processors is critical to broad adoption and use. Zest Fresh has proven value for growers and processors, ensuring reliable data capture and operational insights for both food safety and freshness management.

Zest Labs continues to work with previously announced growers and retailers, each recognizing the delivered value and exploring broader use of Zest Fresh.

“We’re excited by the progress of the Zest Labs’ Zest Fresh solution in the marketplace,” said Randy May, Chairman of the Board and CEO of Ecoark Holdings. “Leading retailers, distributors and growers are increasingly recognizing the value we provide them with our autonomous, end-to-end cold chain visibility solutions for proactive decision making that improve delivered freshness and reduce shrink by 50 percent or more.”

About Ecoark Holdings, Inc. and Zest Labs

Ecoark Holdings, Inc. dba Zest Technologies (OTCQX: ZEST) is focused on improving the agriculture and supply chain industries through innovative AgTech solutions for growers, processors, restaurants and retail grocers. Through its Zest Labs subsidiary, the company offers a suite of proven solutions that address the $161 billion fresh food waste problem, and provide true transparency for the fresh produce, meat and seafood supply chains. Zest Labs’ 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. To learn more about Zest Labs, please click here. To watch a video about Zest Fresh, please click here.

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.

 

Contacts

Investor Relations:

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

 

Public Relations:

Greg Wood

Zeno Group for Zest Labs

650-801-7958

Greg.Wood@zenogroup.com

Reducing food waste with IoT

Guest Contributor Peter Mehring, CEO Zest Labs, 31 May 2018

With all the technological advances we’ve made, from self-driving cars to IoT-enabled personal assistants, it’s hard to understand why we still waste nearly 40% of the fresh food produced in the United States. Certainly, some of it can be chalked up to consumer carelessness — we routinely buy things, including food, that we end up throwing away. However, a close study of the numbers reveals that roughly half of food waste occurs at the consumer level, meaning the other half happens somewhere within the fresh food supply chain, between the grower or processor and the retailer. With all the technology available to us today, how can our food supply chain still be this inefficient?

The short answer is that technology, particularly IoT, has historically been underutilized in post-harvest agriculture. Yes, there are drones and irrigation monitors in preharvest agriculture, but when it comes to post-harvest agriculture, once product is picked or harvested, advanced technology hasn’t been broadly applied — yet.

In the world of post-harvest ag-tech, IoT sensor technology coupled with cloud-based analytics have the power to transform the fresh food supply chain by improving decision-making at every step and, as a result, dramatically reduce food waste. IoT sensors can transform a supply chain that still operates based on assumptions into one that operates based on the real-time, granular data that provides visibility as to how to truly optimize decision-making. By adopting a data-driven approach enabled by IoT and cloud analytics, growers, processors, distributors and retailers can address the hidden issues currently impacting the fresh food supply chain to reduce waste — and improve food safety and supply chain transparency as well.

Before examining how utilizing IoT can improve supply chain operations, it’s important to understand why it hasn’t done so already. Fresh food has traditionally not been very margin sensitive, so losses due to spoilage have been absorbed as a cost of doing business. Retail grocers and restaurants carried buffer stock to account for culling, and charged a premium for out-of-season products. With little financial motivation to improve supply chain efficiencies, retailers and restaurants invested in other strategies. However, in the last year, discounting has started to impact fresh food prices, as well as cost increases due to freight charges and overhead cost of supporting recent consumer delivery options (e.g., online shopping, click and collect, home delivery). With both price pressure and delivered costs increasing, there is now real interest to explore how technology can reduce fresh food waste and improve margins.

Over the past few decades, the time and distance our fresh food travels has increased from a few days to a more typical six to 10 days. This was a result of large retail grocers and restaurant chains wanting to buy from large suppliers who drove growing efficiencies by consolidating farms in preferred growing regions. While there has been a trend back to locally grown fresh food, it has not been significant in terms of volume. So, where strawberries were once locally grown, the variation in delivered shelf life from seven to 11 days was not a big deal. However, now that the bulk of strawberries are grown in California (summer time), they can travel six to eight days just to arrive on the store shelf — leaving little room for variations in shelf life. New processing techniques have improved the ideal strawberry shelf life to roughly 12 days, but in typical operations, the actual variation of delivered product is from seven to 12 days, as not all product is processed according to best practices. This variation leads to food waste due to unexpected early spoilage. The supply chain assumed all the product had the same consistent shelf life, and reflected that misperception with date labels. However, inconsistent processing leads to considerable variability that remains unaccounted for today.

This is where IoT can save the day. None of the issues impacting remaining freshness become actual issues if supply chain professionals know about them as they are happening. Remaining freshness is a function of product handling from field to shelf. An IoT sensor placed in each pallet of produce that monitors a wide range of variables, combined with cloud-based predictive analytics, can provide an up-to-the-minute snapshot of the product’s handling and accurately forecast its remaining freshness. If the IoT sensor detects a pallet has a temperature excursion, an alert can be sent in real time to proactively take action to minimize the impact on the freshness and quality. Further, if the data from the IoT sensor is analyzed to identify that a pallet has only eight days of shelf life instead of the desired 12, the supplier can modify the shipping decision to have the pallet routed locally instead of cross-country. This allows supply chain professionals to proactively manage based on real product data, rather than the current simplifying assumptions based on harvest date (assumes uniform processing) or visual inspection. Current visual freshness checks have been ineffective in reducing waste as visual freshness indicators only change in the very last days of remaining freshness, which is often too late to prevent waste. IoT sensors and cloud analytics provide product-level feedback to make improved decisions that avoid food waste.

There will always be bumps in the road, and expecting the supply chain to operate perfectly 100% of the time is not realistic. But now we can do away with poor assumptions in favor of actual product data collected in real time by IoT condition sensors. This data drives improved decision-making, providing growers, distributors and retailers alike with a better view into the freshness and quality of the food that is being harvested, shipped and displayed on store shelves.

By making use of the power of IoT and cloud analytics, growers, processors, distributors and retailers no longer have to accept the losses associated with food waste as the cost of doing business. By proactively managing their products through the supply chain, growers can improve profitability on the food they work so hard to produce, retailers can deliver a top-quality product to their customers, and consumers gain confidence in their purchases.

You can’t address an issue if you don’t know about it or only react to it after it has happened. IoT and cloud analytics can make the food supply chain proactive and enable growers, distributors and retailers to actively manage issues as they happen, preventing losses.

All IoT Agenda network contributors are responsible for the content and accuracy of their posts. Opinions are of the writers and do not necessarily convey the thoughts of IoT Agenda.