915 Labs, the exclusive provider of a new food processing and packaging technology called Microwave Assisted Thermal Sterilization (MATS), exceeded product development targets with proceeds from its recent $3 million initial round of funding. The use of funding includes engineering and designing the MATS-150 commercial-scale system and supporting international food companies in developing new products with MATS, a technology that will enable the consumer packaged goods (CPG) sector to meet growing consumer demand for high-quality, natural, and additive-free packaged food. The total invested to date in the MATS technology, including R&D investment, is $25 million.
Pilot-scale MATS systems are now deployed at a major CPG company and two co-packers, including Wornick Foods, where several of the largest CPGs in the country have been developing and testing new recipes. “For some food categories, the resulting food quality is better than any other sterilization process ever used. The flavor, appearance, and texture are top restaurant quality,” said John Kowalchik, Wornick Foods president and CEO.
Building the first commercial-scale MATS-150 system, capable of processing 150 food packages per minute, will commence in early 2016, and MATS-processed foods are due to hit store shelves in early 2017.
Continue reading article at Business Wire.
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