2. Increasing pressure on food industry to
provide more information on food content
Class action lawsuits for food
labeling issues rose from 19 5
years ago to 102 last year…
Courtesy of pictures4cool.com
Courtesy of news.health.com
Courtesy of screenjunkies.com
…while 5 in 6 food producers
surveyed claim current food
scanner overpriced, unsatisfactory
3. Current food sensor technology does not give
a complete picture of the scanned food
• Current technology
requires meticulous
samples to be taken
and analyzed,
rather than
complete food item
• Gives components
of food rather than
‘nutritional label’ –
quantities and
exact content
Current food scanner technology - Spectroscopy
Courtesy of Technische Universitat Berlin
7. The magic – our tech provides simple
quantified content on entire food piece
From this To this
Sample Entire foodstuff
8. Industrial segment ~$6B, consumer market
will be secondary target down the road
Industrial market
Consumer market
Description Market size (current year)
• Heavy duty industrial sensors
monitoring food content at
point of production
• Consumer-friendly products
that check food at point of
consumption
Key focus
$6B
$0.8B
9. Competition substantial in industrial spectroscopy,
limited in new crossmorphic market
Mass Spectroscopy Crossmorphic
• Large, diversified tech incumbents
• Technology used for variety of applications,
not focused specifically on food
• TruuScan specializes in monitoring hospital
food
• Spektrotech specialization currently
unknown
Lower cost
Ease of use
Quantities
provided
Speed
Detects trace
particulates
10. Rolling out first product line for
manufacturers, already have traction
• Have supplied $250k worth of initial stock
to beta users
• Product performing as expected, results
within allowable errors
• Early users specifically noted ease of use and
adoption; very shallow learning curve
Successes Improvements
• Working on request for faster scans
• Working to make technology more thorough
in detection of trace elements
14. Appendix: Two budding competitors in
consumer space perform only cursory scans
• Performs cursory scan to identify
object, then provides results from
database as to what is in a ‘typical’
version of the object
• Provides simple scan that
provides presence and density of
most particulates, does not
accurately measure full
quantities or trace particulates