DSM Venturing, the corporate venturing unit of Royal DSM N.V., today announced
that it has made an investment in Food Quality Sensor International Inc.
(FQSI). FQSI is a US-based company which develops and commercializes novel
technologies to detect the freshness levels of perishable foods. FQSI’s
advanced sensor technology will be incorporated in packaging concepts for
fresh products such as meat and poultry. This is DSM’s first equity investment
in the field of
Specialty Packaging, one of the
Emerging Business Areas selected in DSM’s strategy
Vision 2010 – Building on Strengths.
FQSI’s latest product SensorQ™ is a stick-on sensor label applied by the meat
packer to the inside of meat and poultry packages. The label detects the
gaseous byproducts of food-borne bacteria growing inside the package. The
technology correlates to U.S. and international standards of meat and poultry
spoilage and is the only concept known to date to be able to sense freshness
of meat in a cost-effective way. FQSI is currently in the final stages of
testing and validating SensorQ™ and expects to launch the product later this
year.
The investment in FQSI provides DSM a window on the market in food packaging
in the USA. Tony de Vrught, Vice President EBA Specialty Packaging: ‘
This is an important milestone for our activities in this new market. Next to
our investment, FQSI will be one of the companies we will work with to develop
intelligent packaging concepts.’
Responding to trends such as growing food quality awareness, increasing
interaction between a product and its packaging and upcoming changes in
regulations, DSM’s Specialty Packaging group is working on the development of
breakthrough packaging solutions for food products with innovative barrier
properties relating to freshness, release of odors, and the ability to monitor
the history of the product.
FQSI
FQSI (
www.FQSInternational.com) was incorporated in 2004, when The Charles Stark
Draper Laboratory, Inc. partnered with key members of the Draper sensor
technology development team, Navigator Technology Ventures and Marco Bonné, an
entrepreneur and food industry executive, to commercialize its food spoilage
sensor technology. FQSI develops and commercializes novel technologies to
detect the freshness levels of perishable foods. FQSI's headquarters and
laboratories are located in Lexington, Massachusetts.
DSM Venturing
DSM Venturing is an active investor in emerging
companies and Venture Capital Funds in DSM’s strategic growth fields
Nutrition, Pharma and Performance Materials. DSM Venturing's mission is to
explore emerging markets and technologies in these strategic growth fields in
order to enhance DSM's product portfolio and create value. DSM Venturing also
plays an active role in the development of several new DSM business
opportunities in the so-called emerging business areas Biomedical, Industrial
(White) Biotechnology, Specialty Packaging and Personalized Nutrition. For
more information about DSM Venturing see
www.dsm venturing.com.