OptiCept Technologies signs agreement with Dole
OptiCept Technologies enters into an agreement with Dole, the aim is to investigate how the CEPT® platform can contribute to making Dole's production facilities more efficient. If the result is successful, a multi-billion dollar market in fruit and vegetables opens up for OptiCept.
OptiCept has signed an initial agreement with Dole. A juiceCEPT® BALDER will be used during the project in one of Dole's facilities in Southeast Asia. The collaboration intends to be further developed across several processes and areas. The purpose is to verify the technology in Dole's extraction process, in addition to increased extraction and improved quality of juices, the possibility of expanding the extraction of valuable substances from residual products from juice production will be investigated.
The project is planned to begin in April and is co-financed by both companies, the total project budget amounts to SEK 385,000.
"This is a project that Dole and OptiCept jointly see great potential in, both parties are investing time, money, and resources. The agreement is fully in line with our new strategic focus where, together with global partners, we want to develop our technology for applications that are not within our three focus areas for 2023, Olive Oil, Cut Flowers, and Cuttings. There is a very large potential given Dole's extensive operations with around a hundred production facilities around the world. I am very happy that a global company like Dole is signing an agreement with us. This shows the potential of the technology and it is the first step to a long-term collaboration and an exciting entry into a new large market", says Thomas Lundqvist, CEO, OptiCept Technologies.
Dole is a world leader in the production, distribution, and marketing of fresh fruit and vegetables. With operations in 30 countries by 40,000 employees and includes, among other things, approximately 162 distribution and manufacturing facilities.