REMINDER: Ecoark To Host Business Update Call

Business Update Call to be held today, November 15, 2017, at 4:30 p.m. ET

Rogers, AR – November 15, 2017 – Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), to be renamed Zest Technologies, an AgTech company, will host a business update call today, Wednesday, November 15, 2017, at 4:30 p.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Ecoark’s website at www.ecoarkusa.com.

Interested parties unable to access the conference call via the webcast may dial +1-877-407-9039. A replay of the conference call will be available on the company website for 30 days following the event, and can be accessed at +1-844-512-2921 using replay pin number 13672036.

About Ecoark Holdings, Inc. and Zest Labs

Ecoark is an AgTech company modernizing the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors and retailers. The company’s Zest Fresh™ solution, a breakthrough approach to quality management of post-harvest fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Through item-level monitoring and real-time predictive analytics, Zest Fresh enables customers to improve the freshness and quality of produce, realize substantial cost savings and reduce food waste. To learn more about Zest Fresh click here.

Forward Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning business and possible or assumed future results of operations of Ecoark Holdings, Inc. and its subsidiaries; 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.

Contact

Investor Relations:

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

 

Public Relations:

Keith Watson

fama PR

617-986-5001

ecoark@famapr.com

Ecoark Provides Second Quarter Fiscal 2018 Update on Recent Business Progress

Zest Labs Completes Development Phase and Recognizes First SaaS Revenue Related to Leading Global Retailer  

Company to Hold Business Update Conference Call on November 15, 2017 at 4:30 p.m. ET

Rogers, AR – November 8, 2017 –Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), to be renamed Zest Technologies, an AgTech company, is providing an update on recent business developments. In addition, the Company is filing its Form 10-Q for the fiscal second quarter ended September 30, 2017, with the Securities and Exchange Commission today. The Company previously announced that the Board unanimously determined the most prudent strategy to enhance long-term shareholder value is focusing on Zest Labs, and for Ecoark to rebrand all aspects of its company to Zest – including renaming the Company “Zest Technologies,” and changing its stock ticker symbol from EARK to ZEST – in the coming months.

“I’m very excited that we have moved from the development phase of Zest Fresh into deployment and initial revenue generation on a per pallet basis from suppliers working with one of the largest global retailers,” said Randy May, Founder, Chairman and Chief Executive Officer of Ecoark. “This milestone proves the tangible value of Zest Fresh and reaffirms our belief that we are enacting the right strategy of repositioning and rebranding the company from Ecoark to Zest Technologies. In our third fiscal quarter of 2018, we expect to announce new customers and achieve a meaningful increase in revenue as we modernize the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors, restaurants and retailers.”

May continued, “We have invested over $25 million in our Zest Labs solution and many years of research and testing with some of the largest retailers and growers throughout North America to ensure we have a leading AgTech solution. We are now officially deploying a solution that will enable retailers to significantly reduce fresh food spoilage by providing a growing suite of proprietary solutions and technologies that drive efficiency and sustainability through improved quality consistency.”

Business Highlights

  • Ecoark is actively transitioning from a diversified holding company into a company focused solely on its Zest Labs Ecoark is exploring divesting all non-core holdings, including Pioneer Products, Magnolia Solar and Sable Polymer Solutions, and will appropriate all proceeds toward working capital for Zest Labs.
  • Ecoark announced that former IBM executive Michael Green joined the Company’s Board of Directors. Green joins the Company’s Board after an impressive career with IBM, where he was most recently vice president for Strategic Services North America.
  • Zest Labs announced integrated blockchain support at no additional cost or labor for growers and shippers using the Zest Fresh platform. The addition of blockchain support creates an added layer of security and trust throughout the fresh food supply chain by creating true transparency about key food freshness and safety factors to all participants within the network.
  • Zest Labs launched its Produce Advisory Board, which enables the Company to further align products and services with industry needs. The advisory board reflects the produce grower community’s perspective and insight, which are invaluable to Zest Labs, helping it better prioritize and coordinate Zest Fresh products, roadmaps and directions.
  • Randy May has rejoined the Company full-time as its CEO and will continue to serve as Chairman of the Company’s Board. Jay Puchir transitioned from CEO to CFO and Peter Mehring was named President of Ecoark, while still keeping his role as CEO of Zest Labs.

“We have gained significant momentum through active deployments this summer, validating our value to growers and retailers,” stated Peter Mehring, CEO of Zest Labs. “The addition of Michael Green to our board is both a reflection of and enhancement to that momentum. We look forward to Michael’s guidance and advice as we grow through new opportunities and technologies, such as blockchain.”

Financial Highlights for Second Quarter of Fiscal 2018:

The Company generated $1.9 million of revenue through Pioneer Products, Sable Polymer Solutions and Zest Labs.

As of September 30, 2017, the Company had $8.3 million in cash.

Conference Call

The conference call to discuss these results is scheduled for Wednesday, November 15, 2017, at 4:30 p.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Ecoark’s website at www.ecoarkusa.com. Interested parties unable to access the conference call via the webcast may dial +1-877-407-9039. A replay of the conference call will be available on Ecoark’s website for 30 days following the event, and can be accessed at +1-844-512-2921 using replay pin number 13672036.

About Ecoark Holdings, Inc. and Zest Labs

Ecoark is an AgTech company modernizing the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors and retailers. The company’s Zest Fresh™ solution, a breakthrough approach to quality management of post-harvest fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Through item-level monitoring and real-time predictive analytics, Zest Fresh enables customers to improve the freshness and quality of produce, realize substantial cost savings and reduce food waste. To learn more about Zest Fresh click here.

Forward Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning business and possible or assumed future results of operations of Ecoark Holdings, Inc. and its subsidiaries; 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; statements concerning the ability of Zest Labs to develop new customers and achieve meaningful revenue increases; and statements concerning the Company’s ability to successfully divest non-core holdings and appropriate proceeds towards working capital for Zest Labs. 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.

 

Contact

Investor Relations:

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

Public Relations:

Keith Watson

fama PR

617-986-5001

ecoark@famapr.com

Michael Green Joins Ecoark Board of Directors

AgTech Company Appoints Former IBM Executive to Help Bolster Blockchain Adoption Across Produce Growers, Distributors and Retailers

 

Rogers, AR – November 8, 2017Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), to be renamed Zest Technologies, Inc., today announced that former IBM executive Michael Green has joined the company’s Board of Directors. Green joins the Board after an impressive career with IBM, where he was most recently vice president for Strategic Services North America.

Green retired from IBM in 2015, with a career highlighted by several leadership roles. Green remained with IBM as a consultant until April 2017 and, most recently, was involved with IBM’s blockchain initiative. Blockchain has emerged as a key technology for Ecoark subsidiary Zest Labs, with the company recently announcing the availability of blockchain support at no additional cost for growers and shippers in the fresh food supply chain using the Zest Fresh solution.

“Michael’s experience in spearheading strategic initiatives for one of the world’s most innovative companies will be an invaluable resource for us as we launch our blockchain services,” said Randy May, CEO of Ecoark. “As we work to create true transparency around food freshness and safety factors through the integration of blockchain technology and our ZIPR Code freshness metric, Michael’s expertise will be instrumental to our mission of modernizing the fresh food supply chain.”

Green brings extensive international and general management experience from his career with IBM. Prior to heading up strategic services for IBM North America, he served as the general manager of IBM North America’s strategic outsourcing services, vice president of healthcare and insurance for IBM global services, and vice president of strategic services for Latin America, among other roles.

“I am excited to join Ecoark’s Board and lend my experience, especially as the company continues to define the post-harvest agriculture technology space and leverages blockchain,” said Green. “There is a huge market opportunity for organizations looking to improve the food supply chain, enhance agricultural efficiency and yields and reduce post-harvest waste. Zest Labs is the only organization directly addressing this challenge.”

Green will fill the vacancy on the Board following the previously-announced voluntary resignation of Charles Rateliff.

About Ecoark Holdings Inc.

Founded in 2011, Ecoark (to be renamed Zest Technologies, Inc.) is an AgTech company modernizing the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors and retailers. The company’s Zest Fresh™ solution, a breakthrough approach to quality management of post-harvest fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Through item-level monitoring and real-time predictive analytics, Zest Fresh enables customers to improve the freshness and quality of produce, realize substantial cost savings and reduce food waste. To learn more about Zest Fresh 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 Ecoark and its subsidiaries; 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.

 

Contact

Investor Relations:                                                   

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

 

Public Relations:

Keith Watson

fama PR

617-986-5001

zest@famapr.com

Zest Labs Brings IoT and Blockchain to the Fresh Food Supply Chain

Posted on  in BLOCKCHAININDUSTRIAL

Contributing Writer.

With all the hype around blockchain, it’s a technology that’s still finding its feet when it comes to wide, mainstream adoption. Therefore it’s not every day when you come across a company that uses both IoT sensor technology and the blockchain to solve a common agricultural problem. Zest Labs have created a fresh food management solution that focuses on consistent food quality, reduced waste, and improved food safety and use technology to achieve this. I spoke to CTO Scott Durgin to find out more.

Durgin explained:

“We provide a solution from grower to grocer. We use sensor-based technologies to help suppliers and retailers manage the freshness and quality as well as tracking and traceability. And core to this concept is the fact that waste is a fairly big problem in the industry. This stems from the fact that 30% of products aren’t handled correctly, and it is difficult to differentiate them from the 70% that are. There are literally tens of millions of tonnes of produce shipped. You can’t individually check all the pallets.”

Food waste costs the nation an estimated $218 billion per year according to the NRDC. Produce picked on the same day is not all equal and will not necessarily have the same shelf life, depending on metrics such as humidity and field and storage temperatures. This brings best by dates into question. In response, Zest Labs has derived a single freshness metric — the ZIPR code — which is based on the specific product type, growing location, and actual harvest and processing conditions, that enable significantly improved freshness management decisions.

Zest Fresh software calculates a ZIPR code for each tracked pallet, using patented methodology and sensors, ensuring inventory and shipping decisions are based on actual freshness.  Growers, retailers, and restaurateurs can benefit from intelligent routing, meaning that produce with a closer best-by date can be re-routed earlier, to a nearer location or a juicer.

Testing has shown that using Zest Fresh with the ZIPR code can reduce that waste by roughly half, and significantly improve the customer experience. This provides continuous real-time visibility of the remaining freshness capacity of produce and then directs intelligent routing to optimize delivery for required shelf-life.

Screen Shot 2017-10-26 at 16.44.33

As Durgin explained:

“We see an opportunity to help suppliers in that they get paid the same amount today regardless of the freshness capacity of the product they’re putting out. So imagine if you could differentiate your product offering to be a competitive advantage in regard to its freshness.”

Zest labs introduces the blockchain

Zest Labs announced this week that they are now also offering free blockchain set up for growers and shippers using the Zest Fresh platform. Durgin believes that the blockchain creates an added layer of security and trust throughout the fresh food supply chain by creating true transparency about all key food freshness factors to all participants within the network.

“Zest Fresh quickly delivers access to blockchain technology for its customers by leveraging secure and authenticated data collection from its wireless IoT sensors, through its intelligent access points, and into the secure Zest Cloud. Further, by combining our predictive analytics, we can extend the value of blockchain through smart contracts that can automatically recognize when fresh products meet contracted specifications throughout the supply chain.”

With most industries considering how the blockchain may benefit their operations, food suppliers, in particular, are paying close attention since there’s a very real possibility that large companies may eventually require their supply chain partners to participate. This could mean many growers are forced to adopt blockchain, whether they like it or not. Forced technology adoption has happened before such as with RFID where adoption was successful until large companies mandated its use and none of the smaller suppliers could afford the tags.

Zest-Lettuce-bins-in-field

Durgin believes that the blockchain solves the problem of trust but it isn’t a replacement for conventional IoT data processing and storage:

“Would we use blockchain for our core internal processing of the system? No, it’s not designed to do that. We have the Zest platform underneath which is actually a data streaming complex event processing system and it’s designed to scale in the world of IoT and it does things in a very real time fashion and handles very complex event streams that could never be applicable to being processed in a blockchain.

If you think about quality in freshness, it’s more than just sensor data thrown into a block or a transaction in a block and so we see the opportunity to take this universal ZIPR code and for those folks where blockchain makes sense to their business. Given the very nature of what blockchain does it creates a very interesting information sharing network opportunity that ensures consistency up and down the supply chain.”

Durgin also likens the blockchain’s adoption challenges to his days as Product Manager at IBM working on Lotus Notes :

“Back in the day we actually used to license the TCAP IP protocol and the AppleTalk protocol amongst others. We had to license the protocols and include them in the product so that it could talk with a client server. Such a thing would be unheard of today. So when you think about blockchain technologies, I liken them to when we had to do extra heavy lifting to build a platform like Lotus Notes, designed to make it easy for people to solve business problems also.”

As agtech becomes increasingly automated and connected, the blockchain may just become another business tool in a farmer’s arsenal.

Zest Labs Bolsters Fresh Food Security and Trust with Integrated Blockchain Support for Produce Growers and Shippers for No Added Cost

Company’s Zest Fresh Platform Embeds Food Freshness Metrics into the Blockchain for True Transparency Across the Supply Chain to Ensure the Safest Produce to Retailers and Restaurants

 

San Jose, Calif. – October 26, 2017 – Zest Labs, a subsidiary of Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), today announced integrated blockchain support at no additional cost or labor for growers and shippers using the Zest Fresh platform. The addition of blockchain support creates an added layer of security and trust throughout the fresh food supply chain by creating true transparency about all key food freshness and safety factors to all participants within the network.

 

“You can’t put a price on food safety and security,” said Peter Mehring, CEO of Zest Labs. “Consumers have become much more interested and informed about the safety and handling of their food. As a result, premier retailers and restaurants are now demanding blockchain technology be used to ensure the accuracy of this important information. To help make it easy for our growers and shippers to meet this new demand, we’ve seamlessly implemented this technology at no cost to them.”

 

Zest Fresh is the only freshness management solution that autonomously tracks and reports in real time the freshness of products from harvest to the retail store or restaurant kitchen. With the industry’s first dynamic freshness metric – the ZIPR code – Zest Fresh provides continuous real-time visibility of the remaining freshness capacity of produce and then directs intelligent routing to optimize delivery for required shelf-life.

 

“Zest Fresh quickly delivers access to blockchain technology for its customers by leveraging secure and authenticated data collection from its wireless IoT sensors, through its intelligent access points and into the secure Zest Cloud,” said Scott Durgin, CTO at Zest Labs. “Further, by combining our predictive analytics, we can extend the value of blockchain through smart contracts that can automatically recognize when fresh products meet contracted specifications throughout the supply chain.”

 

This unique combination of secure traceability and the ZIPR code freshness metric provides true transparency and intelligent routing that significantly improves freshness consistency for consumers and reduces waste for retailers. In fact, Zest Fresh is proven to reduce waste from spoilage by more than 50 percent for grocery retailers.

 

About Zest Labs
Zest Labs, a subsidiary of Ecoark Holdings, Inc., provides a growing suite of freshness management solutions that substantially improve quality consistency and drive sustainability for a wide range of clients. Zest Labs provides solutions to modernize the existing food distribution and delivery system by significantly increasing efficiency through continuous condition monitoring and real-time prescriptive analytics.

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

 

About Ecoark Holdings Inc.

Founded in 2011, Ecoark is an AgTech company modernizing the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors and retailers. The company’s Zest Fresh™ solution, a breakthrough approach to quality management of post-harvest fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Through item-level monitoring and real-time predictive analytics, Zest Fresh enables customers to improve the freshness and quality of produce, realize substantial cost savings and reduce food waste. To learn more about Zest Fresh 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.

 

Contact

Investor Relations:                                                   

John Mills

ICR

646-277-1254

John.Mills@icrinc.com

 

Public Relations:

Keith Watson

fama PR

617-986-5001

ecoark@famapr.com