HENDERSON, NV —
(
Minerals Corp.
6T3) is pleased to announce the diversification of its opportunities through
the acquisition of intellectual property for the preservation and protection of
fresh fruit, vegetables and flowers during extended periods of shipping and
storage. The acquisition is comprised of patents, trademarks and other
intellectual property in
United States
and
regarding systems and methods for packaging of bulk quantities of fresh produce
and flowers incorporating modified atmosphere packaging. The acquisition also
includes pending applications throughout the world regarding the active
treatment of modified atmosphere packaging.
The patented solution, the
SmartPac system, has been demonstrated commercially and provides for immediate
opportunities to license towards its worldwide adaptation and for use with Tara
branded fresh produce. The solution caters to the quality needs and wants of
the end user, opens up new distribution channels, improves the logistics service
to customers and enables lower system-wide costs. The SmartPac solution will
be made available for the packing, storage and shipment of bulk quantities of
produce to growers, packers and end-users. Examples of generic industry
applications include avocado, tomato, iceless broccoli, d’anjou pears,
cherries, stone fruits and flowers.
Deterioration and
vulnerability to pathogens (food safety) are serious and growing problems for
the fresh bulk produce industry. The SmartPac system is referred to as
“disruptive innovation” in that it solves these problems for bulk
produce by replacing the industry-standard shipping cartons with a sealed
container system that preserves produce in virtually the same condition it was
in when newly picked, for up to one month during shipment or storage. This
means produce can be picked when ripe, flavorful and at peak weight, and
enjoyed by the consumer in the same condition. The packaging system reduces
spoilage considerably, extends market reach and opens up cheaper (ship/rail vs.
air) transportation options. The SmartPac system also has an efficient
mechanism for the distribution of anti-microbial agents, which deter mold,
disease and infestation while in transit or in storage.
Mr.
Jr.
Minerals
impact and disrupt the way fresh produce is shipped and stored around the
world. For the benefit of all shareholders, we could not ignore this strategic,
rapid growth opportunity presented by the advanced technology in the
international produce and packaging supply industries. The sourcing of produce
from around the world is increasingly assisted by a reduction in trade
barriers. The acquired patented bulk packaging system positions Tara with a key
competitive advantage in the food industry. We will aggressively build this
business and I look forward to sharing our progress. At the same time, we
recognize that our mining assets have considerable unrealized value and we will
continue to progress these properties towards their potential. The revenue
generated from SmartPac will be used to advance both our mining and packaging
assets and results in significant potential added value and risk
diversification to Tara.”
Minerals
for the acquisition of the above mentioned intellectual property. Closing is
subject to delivery of appropriate documentation and warranties by FreshTec and
contractually limited to no more than 40 days from signing. The Company will
pay FreshTec a total of
also pay royalties to FreshTec related to licensing fees and packaging system
unit sales. To complete this transaction and market the technology, the Company
has raised
closing.
About
Minerals Corp.
The
patented SmartPac bulk produce packaging system is available for generic
industry applications and for licensing towards its world-wide application.
Minerals
mining projects.
