CCP Technologies wins food industry award with internet of things safety product

CCP Technologies ASX CT1 wins Food & Beverage Industry Awards internet of things safety product
CCP Technologies received the award for 'Food Safety Equipment & Materials' at the 2018 Food & Beverage Industry Awards.

Food industry internet of things company CCP Technologies (ASX: CT1) received independent industry recognition of its innovative wireless products after it won the ‘Food Safety Equipment & Materials Award’ at this year’s ‘Food & Beverage Industry Awards’.

This particular category focuses on new products and advancements in technology designed to raise food safety standards in manufacturing facilities around Australia.

The news effectively validates the quality of CCP’s wireless monitoring devices and means end-users are likely to be highly satisfied with its product offering.

One of the prime reasons why CCP scooped the award was because of its ability to keep food adequately refrigerated including providing in-depth tracking capabilities ensuring food safety standards are maintained and that all temperature records are accurately preserved.

2018 Food & Beverage Industry Awards CCP Technologies Earth Walker & Co
CCP Technologies director and COO Anthony Rowley pictured with the owners of Earth Walker & Co at the 2018 Food & Beverage Industry Awards.

Global food supply chains contain hundreds of millions of critical control points, with various checks routinely performed to ensure satisfactory standards. Given the extensive list of requirements, manual checks often lead to mistakes and lost revenue due to spoilt goods.

Following several years of development, the tech solution provided by CCP makes it easier for food supply chains to remain better co-ordinated and better informed.

Standard critical control points include temperature, energy and environment monitoring, including air and water quality, pH, chemicals, noise, acoustics and gases.

CCP’s devices are able to capture these readings in real-time and thereby mitigate the risk of human error within the food industry.

How it works

CCP’s sensors provide round the clock wireless monitoring of temperature and other critical control points. CCP captures data using installed sensors and an advanced Internet of Things (IoT) solution which leverages WiFi and various Low-Power Wide-Area Network (LPWAN) connectivity options, including ‘NB-IoT’, ‘LTE Cat-M1’ and Sigfox networks.

CCP says that secure automated data curation and exchange technologies present “transformational” supply chain opportunities and are capable of adding significant value.

The data collected by CCP is then fed into the company’s data-cloud platform and analysed to deliver insightful business intelligence and valuable inferences about business operations.

Customers access all information relating to their business through web and mobile dashboards and are able to receive real-time alerts via SMS, email and push notifications.

By automating many of these business-critical functions, CCP says that its technology can make manual monitoring of control points and paper trails a redundancy in the food industry because the all-important governance, risk and compliance functions are better handled by automated checks.

“Based on data we’ve captured, 4.9% of refrigerated coolers and freezers in businesses will suffer a complete failure each year. In the food industry, if something goes wrong with a fridge, it causes enormous business disruption and can jeopardise food safety. Automated, continuous monitoring of refrigeration using modern Internet of Things (IoT) technology is a far better and more cost-effective approach,” said Michael White, CEO of CCP Technologies.

“While strengthening regulatory compliance remains a key driver for adoption, customers are using our solution to yield significant energy savings, reduce waste and support preventive maintenance programs. By harnessing the convergence of Cloud computing, IoT with edge-computing, big data analytics, blockchain, machine learning and artificial intelligence, CCP is delivering commercial off-the-shelf and bespoke solutions to revolutionise supply chains,” Mr White added.

George is an award-winning market analyst who has authored articles and editorial opinion pieces for multiple publications around the world. He has written about a wide variety of topics including financial markets, stocks, trading, politics and economics.