SAO PAULO, Brazil – ProfilePrint, a Singapore-based company that provides A.I. driven solutions to ascertain and predict the quality and profile of food ingredients, officially announced the signing of commercial contracts to deploy the ProfilePrint technology with three of Brazil’s largest food companies – Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil.
Latin America is responsible for 16% of total global exports of food and agricultural products.
However, one of the main challenges facing the industry is not being able to ascertain the quality of the food ingredients that are produced and traded as production conditions vary across high-tech farms and small producers. ProfilePrint has managed to address this struggle faced by many in the food ingredient supply chain and has caught the attention of industry giants including Cargill, Olam, Sucafina, Louis Dreyfus Company and Sinarmas. The agrifood tech startup developed an A.I.
technology, which predictively and prescriptively analyzes food ingredients such as coffee, cocoa, grains, sugar and juices, with a portable analyzer and a software platform in just a few seconds. Such a technology solution can potentially revolutionize the food ingredient supply chain, by empowering human graders and speeding up the assessment process, thereby significantly reducing the sales cycle by 10 times.
The signing of the commercial contracts with Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil was witnessed by Desmond Ng (Head of Mission of the Singapore Embassy in Brazil), Josiah Choy (Regional Director, Enterprise Singapore Brazil), as well as key industry players at the Agrifood Tech Networking Reception on February 27 that brought together some of the biggest names in the food industry.
“We are delighted to hear of ProfilePrint’s entrance into Brazil, one of the world’s largest agrifood economies. The Singapore Embassy and Enterprise Singapore will continue to support the strengthening of technology collaboration and trade relations between the two countries.” says the Head of Mission of the Embassy of Singapore in Brazil, Mr Desmond Ng.
“We are excited to see ProfilePrint establishing their footprint in Brazil and across Latin America, coming from a country where less than 1% of our land is used for agriculture, ProfilePrint developed a solution to empower agribusinesses across the supply chain to be more effective and efficient,” says the Regional Director for Enterprise Singapore (South America), Mr. Josiah Choy.
“Our technological solution powers people to be more effective and advances agribusinesses across the entire chain in Brazil, initially with coffee and cocoa. Without prior training, producers will be able to rapidly ascertain the quality of their crop and get a fairer price on their sales based on its true quality. The buyer on the other hand will be able to instantly and digitally assess the quality of the crops, thereby minimizing the need for sending samples as he will be able to access the independently trusted ProfilePrint report online. As a result, carbon footprints will be significantly reduced with less onerous physical grading as well as a reduction of samples shipped. Beyond rapid assessment, agribusinesses will also be able to use the ProfilePrint AI solution to propose blends based on tailored flavor requirement of their clients”, comments Mr. Alan Lai, CEO and founder of ProfilePrint.
About ProfilePrint
ProfilePrint is an A.I.-driven ingredient profiler and standards translator powered by patented digital food fingerprinting technology. We aim to equip our users with the ability to rapidly ascertain the suitability of ingredients based on their own requirements without the need to see, touch and taste.
ProfilePrint is a Singapore-based company with a global footprint. For more information, visit: https://profileprint.ai/
