\u201cWe saw the opportunity in a transformative solution that is simple to scale but has potential to reduce food waste thus reducing CO2 emission\u201d, Dr. Fei Ye says.<\/em><\/strong><\/p>\n <\/p>\n \u201c<\/em>I am very pleased that we have created something that can make a significant difference and revolutionize supply chains and the handling of fruits and vegetables. A whopping 40% of all produced food goes to waste, which could have fed 3 billion people and is equivalent to emitting 3.5 gigatons of carbon dioxide<\/em>, says Michael Neuman founder and CEO of Kitocoat.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n <\/p>\n Currently pilot trials are being run on various fruits and vegetables with potential customers. The next steps also include to scale up production of the proprietary coatings to meet the large volumes of coating solutions needed for the food and vegetables market. Should that not be enough, additional applications exist where antimicrobial properties are desired, for example in fish aquaculture and to prevent black mold on surfaces.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=”3415″ img_size=”full” add_caption=”yes” el_class=”resize-image”][\/vc_column][\/vc_row][vc_row el_class=”hero”][vc_column][vc_column_text el_class=”description-hero”]The company has been developed with support of KTH Innovation and KTH Holding now chose to invest as Kitocoat fits the strategic investment focus of research-based companies, especially those addressing sustainability challenges.<\/p>\n <\/p>\n \u00a0\u201cThe Kitocoat technology addresses the very large and growing foodtech market. The solution shows promising results and there is customer interest.\u00a0 We are glad to be an investor taking part in building the company further and to explore additional application areas<\/em>\u201d, says Daniel Carlsson, Investment Manager at KTH Holding AB.<\/strong><\/p>\n <\/p>\n Contact: Michael Neuman: michael@kitocoat.com, phone +46 73-770 11 12<\/p>\n <\/p>\n About Kitocoat:<\/strong><\/p>\n Our vision is to be a global pioneer in sustainable food technology and to revolutionize the way we package and preserve our food. Our main innovation is a biodegradable and edible packaging solution, additive, and coating. This unique technology is designed to protect and extend the shelf life of food without compromising quality and safety. By constantly driving innovation and collaborating with stakeholders in the food industry, we aim to change the playing field and contribute to a more sustainable world. By using edible materials and avoiding plastic-based components, we strive to contribute to a cleaner and more sustainable planet.<\/p>\n www.kitocoat.com<\/a><\/p>\n <\/p>\n <\/p>\n About KTH Holding:<\/strong><\/p>\n KTH Holding invests in early stage start-up companies based on research or education at KTH. KTH Holding is part of the innovation ecosystem at KTH supporting commercialization via investments in companies and intellectual property rights. The aim is to make research, new ideas and knowledge from KTH generate a positive impact in society. The investment portfolio comprises more than 50 companies in many technology fields and development stages.\u00a0www.kthholding.se<\/a>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=”stretch_row” el_class=”top-bot” css=”.vc_custom_1648030392493{background-color: #05101f !important;}” el_id=”move-down”][vc_row][vc_column][vc_custom_heading text=”Nyheter” font_container=”tag:h1|text_align:left|color:%23ffffff” use_theme_fonts=”yes”][\/vc_column][\/vc_row][vc_row el_class=”blog”][vc_column][vc_basic_grid post_type=”post” max_items=”4″ element_width=”3″ orderby=”rand” item=”514″ grid_id=”vc_gid:1714046056135-c44e4ed3-5144-3″][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":" New investment in Kitocoat- biobased coatings for reduced food waste<\/p>\n","protected":false},"author":5,"featured_media":3413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-17","description-off"],"acf":[],"yoast_head":"\n
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