Today, Protein Industries Canada announced the launch of the second
phase of a partnership that will improve traceability and marketing
opportunities by creating a platform for Canada's plant-based food,
feed and ingredient sector. A $17.1 million co-investment has been
committed to the project, with Protein Industries Canada providing
50 per cent and Farmers Edge, OPIsystems and TrustBIX providing
investments of $6 million, $2.2 million and $334,000 respectively.
Each partners' expertise will intersect to enhance production
practices and storage and marketing decisions, increasing returns
and creating a reliable food supply to feed the growing population.
Farmers Edge provides the field-level analysis and advanced
predictive modeling; OPIsystems’ technology helps producers dry,
condition and store grain in ways that optimize quality while
reducing energy consumption and spoilage losses; and TrustBIX
provides blockchain connectivity between the partners to verify
traceability for grain marketing.
“The Protein Industries Supercluster is helping innovators,
researchers and game changers in the agricultural sector turn bold
ideas into global opportunities through better access to experience
and expertise. This project led by Farmers Edge, a Winnipeg-based
business, is a great example of how data science and advanced
technology such as artificial intelligence is helping to improve
the production and quality of Canadian protein crops,” said the
Honourable François-Philippe Champagne, Minister of Innovation,
Science and Industry.
“Canadian producers and processors continue to adopt innovative
approaches and tools to ensure they can supply Canada and the world
with their high-quality products. This partnership will help the
sector to make even bigger technological advances. Thanks to
Protein Industries Canada and Winnipeg’s Farmers Edge, this
partnership will improve the efficiency, sustainability and
competitiveness of our agricultural output across the country,”
said the Honourable Marie-Claude Bibeau, Minister of Agriculture
and Agri-food.
In this phase, the partners will leverage the power of connected
field sensors, artificial intelligence and big data analytics to
create a high-tech solution to enhance predictive modeling, digital
traceability, and connectivity within the agri-food supply
chain.
"Improving the competitiveness of Canada's plant-based foods
sector includes demonstrating our sustainability efforts and
producing our crops in a way that meets our customers'
needs—whether that be domestic or international ingredients and
food processors," Protein Industries Canada CEO Bill Greuel said.
"Farmers Edge, OPIsystems, and TrustBIX are developing a program
that not only helps accomplish that but also connects processors
and other buyers directly with the Canadian producers who can
provide them with the feedstocks that meet their exact
specifications. This is the sort of technology our sector
needs—that which meets the needs of every step of our value chain
while improving traceability and sustainability to better meet
customer expectations."
The platform's marketing element will build on traceability work
with the Standards Council of Canada, focusing on matching buyers
to producers, executing contracts, and searching out or monitoring
regulatory and other standards. The transparency of this process
presents the potential for new market opportunities while also
providing buyers and consumers with assurance that their food was
produced in a way that meets regulatory standards and best aligns
with their values. The fully digitized, streamlined process makes
it easy for producers to participate in the program and access
higher-value global markets, which leads to increased farm income
here in Canada.
"We look forward to continuing this important work with our
partners, the federal government and Protein Industries Canada, as
we invest through this project to enhance our digital platform,"
said Wade Barnes, founder and CEO of Farmers Edge. "Collectively,
we're seizing the opportunity to create a comprehensive program
that will ensure high quality crop production and complete
traceability from field to market. The opportunity to harness the
Farmers Edge expertise in data and AI-driven technologies and apply
it to the growers' and consumers' benefit is gratifying. Growers
will be able to share verified crop records with a simple click,
and consumers will gain transparency on the origin of their food,
enhancing their level of trust in farms across Canada."
“Ongoing support from the Protein Industries Canada program
greatly enhances our ability to connect post-harvest storage to the
overall value-chain, from the development and production of
protein-based crops, through to processing and retail,” said Dave
Crompton, CEO of OPIsystems. “This program has created a unique
opportunity for Canadian agriculture to lead the way in bringing
commercially viable solutions that can be applied across a broad
range of applications, both in Canada and abroad.”
“TrustBIX is very pleased to bring the BIX platform along with
our experience in managing chain-of-custody and supply chain
traceability solutions for major Canadian agri-food processors and
retailers to this collaboration,” said Hubert Lau, CEO of TrustBIX.
“With Farmers Edge, OPIsystems and Protein Industries Canada, we
see a collaborative innovation process that will help us accelerate
our diversification into the plant-based protein sector and
contribute real value to our partners and the ecosystem.”
The project marks Protein Industries Canada's 18th technology
project announcement, and 19th overall. Together with industry,
Protein Industries Canada has committed more than $349 million to
the Canadian plant-protein sector. They are currently accepting
Expressions of Interest (EOIs) for both their Technology and
Capacity Building programs.
Media may contact:Miranda BurskiProtein Industries CanadaRegina,
SK306-581-1340miranda@proteinsupercluster.ca
About Farmers Edge (TSX: FDGE)
Farmers Edge is leading the next agricultural revolution with
the industry's broadest portfolio of proprietary technological
innovations, spanning hardware, software and services. Powered by a
unique combination of connected field sensors, artificial
intelligence, big data analytics and agronomic expertise, the
company's digital platform turns data into actions and intelligent
insights, delivering value to all stakeholders of the agricultural
ecosystem. Farmers Edge disruptive technologies accelerate digital
transformation on the farm and beyond, protecting our global
resources and ensuring sustainable food production for a rapidly
growing population.
For more information, please visit www.farmersedge.ca.
About OPIsystems
For more than 36 years, OPI has provided leading-edge grain
management solutions to the worldwide marketplace. OPI has
empowered more than 25,000 farm and commercial customers in more
than 71 countries to effectively manage their grain in storage and
prevent losses.
OPI is proud of the contribution it has made to the agricultural
industry in Canada and around the world. Its ongoing commitment to
advancing grain storage management has yielded numerous innovations
to help farmers and agri-businesses protect and optimize the value
of their stored grain assets. As a result, OPI has become the
recognized world-leading supplier of grain storage management
solutions—helping to secure the planet's essential grain supply in
an environmentally-friendly way through reduced energy consumption
and spoilage losses. By integrating products and systems at OPI,
OPIsystems hopes to expand the partner ecosystem across agriculture
strengthening future partnerships through technology.
To learn more about OPIsystems,
visit http://www.advancedgrainmanagement.com/.
About TrustBIX (TSXV: TBIX)
As an innovative leader, TrustBIX provides agrifood
traceability. By addressing consumer and agrifood business demands,
the company has a goal to become the most trusted and largest
source of third-party food traceability and sustainability
information globally—Gate to Plate. TrustBIX Inc.'s focus is to
create a world where we trust more, waste less and reward
sustainable behaviour. The company's proprietary platform, BIX
(Business infoXchange System), is designed to create trust without
compromising privacy through innovative use of data and technology.
Extensive R&D has allowed TrustBIX to create a new
blockchain-derived technology to complement its mature and proven
traceability systems. By leveraging BIX and its unique use of
incentive solutions, the company can deliver independent validation
of food provenance and sustainable production practices within the
supply chain. ViewTrak Technologies Inc., a wholly owned
subsidiary, provides a suite of hardware and software solutions to
the livestock industry in Canada, United States, Mexico and China,
such as Auction Master Pro, Market Master, Feedlot Solutions and
pork grading probes. For more information,
visit www.trustbix.com, or follow them on Twitter at
twitter.com/@TrustBIX_Inc, Facebook at www.facebook.com/BIXSco
or LinkedIn at https://www.linkedin.com/company/bixsco-inc-/.
Forward-Looking Information
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within the meaning of applicable securities legislation. Such
information includes, but is not limited to, statements related to
the anticipated results and future business prospects,
partnerships, and opportunities. Forward-looking information is
based on several assumptions and is subject to risks and
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