Smart food label trials to commence

The funding will enable the Biocity Scotland-based company to complete commercial trials with supermarkets and packaging companies in the US and Europe.

Insignia Technologies has developed a smart label that changes color over time to show how long a packet of food has been open. This uses a patented smart pigment technology.

The smart label is intended to tackle the issue of food waste by removing uncertainty about how long a pack has been opened.

Insignia Technologies is to initially target the food production and processing sector, but has plans to expand into other areas including healthcare, cosmetics and pharmaceutical.

David Kilshaw, chief executive officer of Insignia Technologies, said: ‘The recent investment provides Insignia Technologies with the opportunity to continue to grow our existing customer base, move forward with customer trials in the UK, US and Europe, driving the business towards commercialization and positive cash flow.

‘As importantly, the investment provides the necessary funding to drive the development program being carried out by our technical team, both with regards to the existing technologies, as well as future research projects.’