Connect with us

Contracts

Organto Adds Strategic Supply Partner For Value-Added Organic Vegetables

Published

on

Photo Source: marketingtribune.nl
Reading Time: 2 minutes

 

Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto” or “the Company”), an integrated provider of value-added organic vegetables and fruits today announced that it has entered into a long-term strategic supply relationship with an established supplier of conventional and organic fruits and vegetables operating in Zimbabwe.

Under the terms of the five-year agreement, Organto will have exclusive sales rights for all organic products produced by the supply partner, and will initially focus on Organto’s value-added year-round organic vegetables, including organic green beans, organic snow peas and organic sugar snaps. Delivery of these products are expected to commence late in December 2018. Annualized revenue potential of over CDN $5 million is expected at current forecast production rates, with significant expansion possible subject to the availability of additional organic acreage1.

Aligned with Organto’s strategic business model, and as a second phase to this strategic relationship, Organto also plans to add organic soft fruits such as organic blueberries and blackberries, and other organic vegetables including organic asparagus tips, for delivery in the second half of 2019.

“We are excited to work with our new supply partner as we expand our sourcing and supply platform for our core year-round value-added branded vegetable products.” commented Steve Bromley, Chair and Interim CEO of Organto Foods Inc. “We have been challenged in the past by supply/demand imbalances on these products, so we are pleased to add this strategic supply source to our year-round platform.”

The addition of this new supply source is part of Organto’s strategy to expand its value-added organic vegetables and fruits product offering. Organto continues to increase its supply capabilities via the addition of new supplier relationships focused on organic soft, tropical and exotic fresh fruits and other organic vegetables, in order to diversify its revenue streams beyond just high-value organic vegetables. Organto intends to continue to establish supply relationships with strategic growers in key supply markets in order to expand market presence and develop opportunities for Organto “I am Organic” branded products as well as private label and distributed product offerings.

ON BEHALF OF THE BOARD,

Steve Bromley
Chair and Interim Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Co-Founder, Editor - A conscientious, open minded, adaptable to new experiences and ambitious person who always seeks to grow in knowledge. Besides adding interesting articles and press release to the daily PICANTE feed, I also manage the media partnerships and co-ordinate for the events we produce.

Comments

Computer Electronics

Element AI Announces Strategic Partnerships with GIC, SGInnovate, and Singapore Management University

Published

on

Photo source: futureoflife.org
Reading Time: 3 minutes

Element AI expands its successful collaborative approach and existing ties to Singapore with new agreements to develop cutting edge products in the financial sector, enhance local talent, scale commercial Artificial Intelligence solutions, and embark on global research collaborations

Element AI, a global company delivering AI software products that augment decisions to make businesses safer, stronger, and more agile, today announced partnerships with GIC, SGInnovate and Singapore Management University (SMU) at an event attended by the Prime Minister of Canada, The Right Honourable Justin Trudeau, accompanied by Minister of International Trade Diversification Jim Carr. Also in attendance to witness the signing and provide remarks was Singapore Minister for Communications and Information H.E. S Iswaran. These partnerships expand the Element AI footprint in Asia and reinforce its commitment to the Singapore AI ecosystem, from large corporations to the startup community to academia. As part of its mission of global expansion, Element AI is replicating a proven model of success by working with key Singapore based corporations, startup incubators, and research institutions to convert the latest academic breakthroughs into robust AI products that can be integrated and uniquely customised at scale.

“The Singapore industrial ecosystem consists of renowned institutions with deep expertise in building global enterprises, incubators with a proven history of launching world-changing companies, and prestigious academic institutions conducting the research critical to understanding the world around us and lighting the path forward,” said Element AI CEO Jean-Francois Gagne. “This Singapore technology ecosystem is familiar to us at Element AI because it’s that environment that led to the creation of our company, so we’re thrilled to be signing agreements with these like-minded partners today. Through collaborative research drawing on the best and brightest expertise from Singapore and Canada, we’re very excited about what is possible as we focus on augmenting collective intelligence and transforming industry as we know it with the help of role-centric AI products.”

The Singapore AI ecosystem is unique in its ability to integrate government, academia and private enterprise efforts to advance technology adoption in AI. For example, GIC through its innovation labs, accelerates the use of innovative technologies and incubates new ideas, in collaboration with its business units, start-ups, research organisations, and universities. The new partnership between Element AI and GIC initiates a collaboration that will focus on the application of advanced machine learning techniques to challenging problems encountered by large asset managers. Together, they will undertake research on technology trends that can be implemented enterprise wide.

The partnership between Element AI and SGInnovate will prioritise the expansion of the deep tech talent pool in Singapore, and the development of the fast-growing technology startup ecosystem in ASEAN. Together, Element AI and SGInnovate will focus on the potential of AI-related startups to help corporations and governments address a variety of challenges. To this end, both parties will co-host a series of events and work alongside technical founders to create opportunities for startups to deploy, improve, and further scale AI solutions. This will be done, in part, through collaborations with the portfolio companies of SGInnovate as well as from the wider market.

Steve Leonard, Founding CEO of SGInnovate said, “Two years ago, SGInnovate was launched with a mission to help ‘scientist-entrepreneurs’ form, build, and scale deep tech startups. Given how hard it is to build a deep tech company, we know how important it is to work with great partners. Our new relationship with Element AI, one of the most exciting AI startups in the world, will help us to increase our impact as a deep tech investor and company builder. SGInnovate and Element AI will look to generate commercial opportunities for deep tech startups to build, deploy, improve, and scale AI-system solutions. Through the shared work of SGInnovate and Element AI, the deep tech startup ecosystem across ASEAN will also be given a boost.”

SMU is a dynamic city university located in the heart of Singapore, and focuses on the areas of Management, Social Sciences, and Computing (including AI), and their intersections. The university adopts an integrated research-teaching-learning-practice approach that creates positive impact on business, government, and society. The SMU School of Law was recently awarded a competitive grant of $4.5 million by the Singapore National Research Foundation to establish a first-of-its-kind Centre for AI and Data Governance (CAIDG), which they launched publicly in September 2018. Element AI and SMU School of Law will be embarking on a research collaboration in relevant areas on the governance of AI. Specifically, SMU will be responsible for carrying out the Singaporean and ASEAN aspects of research while Element AI will focus on the North American aspects as well as leverage its global researcher network. Together, all parties will share information, tools, and approaches in order to deliver issues and recommendation papers.

Associate Professor Goh Yihan, Dean of SMU School of Law and Initial Director of CAIDG, said, “In carrying out our research on AI Governance issues, we have emphasised the importance of reaching out to both academia and industry. This is especially true as we create meaningful impact in this fast-moving space, and why we are very excited about our collaboration with Element AI. This is certainly a wonderful partnership; I look forward to working together in identifying and researching relevant topics in the months ahead.”

Continue Reading

Banking/Financial Services

Wirecard and Mastercard Extend Global Card Issuance

Published

on

Photo source: fintechroundup.com
Reading Time: 2 minutes
  • Wirecard brings its expertise in digital financial technology to the new strategic partnership with Mastercard Prepaid Management Services (Prepaid Services)
  • The partnership will drive the trend of the global digital cashless society via the issuance of prepaid cards and card programs
  • Prepaid cards are a bridge technology to new innovative digital payment solutions

Wirecard, the global innovation leader in digital financial technology, and Mastercard, the global payments technology company, signed a strategic agreement to migrate their global issuing business. Wirecard will support Mastercard Prepaid Management Services (Prepaid Services), a leader in prepaid program management, with its long-standing expertise in global issuing services.

The strategic partnership will empower both companies to exploit the growth potential in the field of digital prepaid payment solutions. Together their existing and new prepaid solutions will deliver further payment choice to a broader audience, including: travel agencies and airlines for their customer holiday travel money, compensation or staff expenditure; governments looking for ways to disperse funds and benefits; and SMEs’ controlled payment functionality for employees.

Susanne Steidl, CPO at Wirecard, said, “As the leading innovation driver of digital financial technology, we are proud to announce the extension of our global strategic cooperation with Mastercard. Our ambition within this cooperation is to shape the future of the international payment market with tailor-made solutions for the specific industries. Mobile apps are set to become the payment solution of choice worldwide and we are already enabling this kind of technology today, often basFed on digital prepaid cards.”

Fabrizio Burlando, President at Mastercard Prepaid Management Services, said, “As consumers, businesses and governments come to terms with the limitations and cost of cash, our focus is on providing real payment choice and convenience to audiences who have not been well serviced for their payment needs, and often resorted to using cash by default. To support our initiatives, we will leverage Wirecard’s long-standing expertise and international market knowledge in issuing services.”

The new partnership will drive the trend of the global cashless society via the issuance of prepaid cards and card programs. Prepaid Services have more than 20,000 selling locations with active programs in 23 countries worldwide. As a leading international player in the field of digital financial technology, Wirecard will support Prepaid Services with its global licensing footprint and expertise in issuing services. As a result of the partnership, consumers, businesses and organizations will be able to benefit from their prepaid solutions.

Continue Reading

Contracts

The St. James Announces Youth Futsal League In Partnership With National Capital Soccer League

Published

on

Reading Time: 2 minutes

 

Greater Washington region’s premier sports, wellness and active entertainment destination launches comprehensive new futsal league with the region’s largest youth soccer organization

The St. James today announced the launch of its new youth futsal league, in partnership with the National Capital Soccer League (NCSL), the leading youth soccer league serving the Greater Washington region. The new Futsal League offered by The St. Jamesand NCSL will give thousands of youth players in NCSL member clubs a preferred opportunity to play futsal in one of the area’s leading sports and entertainment destinations.

“We’re absolutely thrilled to partner with NCSL,” said Craig Dixon, co-founder and co-CEO of The St. James. “Their work with youth athletes in the Greater Washington region is truly remarkable, and we’re excited to work with NCSL to offer some of the best competitive futsal opportunities in the region at The St. James by pairing their great brand and significant organizational reach with our world-class resources.”

“Having spent many years in the world of youth soccer, I’m very excited to be joining with the incredible team at NCSL to grow futsal in the Greater Washington region,” said Doug Homer, Director of Soccer and Futsal at The St. James. “Their broad programming has already fostered an incredible appetite for soccer across the region, and we’re looking forward to working alongside them with the launch of this new futsal league.”

Founded nearly 50 years ago, NCSL is among America’s largest and longest-running youth soccer leagues. It brings together 72 clubs with approximately 1,100 teams and 30,000 players for more than 11,000 matches each year. Matches for teams participating in The St. James Youth Futsal League presented by NCSL will be held in The St. James’s Court House, giving teams from across the region the opportunity to play futsal in a premium setting.

“We couldn’t be happier about partnering with The St. James,” said Ryan Rich, Executive Director of NCSL. “The St. James boasts best-in-class facilities and programming, it offers an accessible, centrally located campus and above all, the team there is dedicated to the holistic growth of each and every athlete that walks through their doors. This is going to be a great opportunity for our stakeholders and their members to experience futsal and develop as athletes and competitors through this new partnership.”

“Futsal is a dynamic, exciting, and fast-paced sport that focuses a player’s attention on the details of ball-mastery, technique, and improvisation,” said Richard Smith, President of NCSL. “Through the introduction of futsal, we will be able to offer to thousands of area NCSL players the opportunity to improve their skills during the winter months and to further enhance their love for soccer, all at a world-class facility in The St. James.”

The futsal league will serve players ages 8 to 18. NCSL and The St. James will work together to schedule matches at the team-to-team level in order provide the most appropriate and competitive game-day experience for all NCSL stakeholders. League play will begin the weekend of December 8-9. Families, coaches and athletes interested in this programming can request more information by contacting futsal or visiting https://thestjames.co/ncsl.

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Community2 days ago

CASEL teams up with LG for sustainable happiness initiative

Computer Science2 days ago

Loosid, a new Sober App, Loosid, launched in New York

Business2 days ago

Survey finds retirement crisis looms large over small Businesses

Latest News2 days ago

One Warm Coat celebrates second anniversary in typical style

Agriculture2 days ago

Calling For Young Social Entrepreneurs to Make the World a Better Place

Construction/Building 2 days ago

Community Centered Design for Civic Initiatives

Computer Electronics2 days ago

Apple Is the Most Popular Brand for Wearables, According to New IoT Consumer Survey

Advertising2 days ago

M&C Saatchi WW Buys Minority Stake In Hybrid Agency Technology, Humans And Taste (THAT)

Blockchain2 days ago

BCV Initiates a Strategic Collaboration with Lambda

Banking/Financial Services2 days ago

Endor (EDR) Gets Listed on OKEx’s First Partner Exchange CoinAll

Banking/Financial Services2 days ago

Bitcoin BCH Hash War Will be Decided by Sustained – Not Temporary, Rented – Hash Power

Computer Electronics2 days ago

Element AI Announces Strategic Partnerships with GIC, SGInnovate, and Singapore Management University

Blockchain2 days ago

NMBL Technologies and Dragonchain Partner on Blockchain-Enabled Legal Tech

Banking/Financial Services2 days ago

Majority of micro VC LPs and GPs plan to invest internationally in 2019, Silicon Valley Bank survey finds

Banking/Financial Services2 days ago

Cryptoassets Have Arrived But What Will It Take To Secure Their Future? Institutionalization–Says KPMG Report

Blockchain2 days ago

BOScoin Officially Launched Mainnet

Banking/Financial Services2 days ago

Phoenix Finance Showcases Family AI Intelligent Insurance Advisor ‘Phoenix Intellinsur’ At Money 20/20 China

Blockchain2 days ago

Bitpanda Introduces Swap, a Feature That Allows to Instantly Exchange One Cryptocurrency For Another

Banking/Financial Services2 days ago

Wirecard and Mastercard Extend Global Card Issuance

Corporate Social Responsibility2 days ago

Oprah Winfrey and UMass Lowell raise over $3 million for scholarships

Banking/Financial Services2 days ago

Bithumb Holds Its Fifth Anniversary Event

Entertainment2 days ago

World-class sounds of L-Acoustics K2 now in Arena of Stars

Automotive2 days ago

All-New 2020 Toyota Corolla Ready To Rock The Sedan World

Amusement Parks and Tourist Attractions 2 days ago

WinterFest Returns to Worlds of Fun with New Festive Features, New Year’s Eve Party

Automotive2 days ago

Copart Opens New Location Near Hamburg, Germany

Latest News3 weeks ago

Sterlite Tech combines network design innovation, service engineering with FTTx MANTRA™

Computer Electronics4 weeks ago

OpenWorld 2018 showcases the latestgreatest technologies being incorporated into Oracle’s next-generation cloud

Computer Electronics4 weeks ago

Financial Payment App Mezu Launches In-App Promotional Game Show That Pays Big Live

Art and Culture4 weeks ago

Krome App Turns Mobile Family Snapshots into ‘Wow’ Images in Hours

Carriers and Services2 weeks ago

The World’s First Mobile Residency Issued in Azerbaijan by Bakcell

Art3 weeks ago

‘The NightGarden’ Lights Up Miami With Magical Debut At Fairchild Tropical Botanic Garden

Education3 weeks ago

Women in Public Relations President Talia Beckett-Davis Launches Becoming Memorable PR Training Program

Health Care/Hospitals4 weeks ago

BioGX Launches 5 new CE Mark IVD Tests, Expands Sexual Health Panels on the BD MAX™

Automotive2 weeks ago

AirEL Illuminated Vehicle Identification Added at John Wayne Airport

Beverages2 weeks ago

Ruby Rose Joins REBBL To Fight For Social Justice

Agriculture4 weeks ago

Natural Grocers customers raise nearly $100,000 in support of organic farming and sustainable agriculture

Entertainment3 weeks ago

National Children’s Chorus Commences 10th Anniversary Season: Starlight

Asia2 weeks ago

Nexteer Presenting Advanced Motion Control Technologies in CIIE

Awards3 weeks ago

Black Desert Online Awarded Best MMORPG of the Year

Computer Electronics3 weeks ago

Waterfall Unidirectional Security Gateways CCC Certified

Banking/Financial Services1 week ago

Visa Announces Fintech Fast-Track Program in Asia Pacific

Entertainment3 weeks ago

Kiss: End Of The Road World Tour

Animals/Pets4 weeks ago

Boo Oh- A New Name In Luxury Pet Accessories -Launches E-commerce Site

Art and Culture4 weeks ago

JIGSAW International Music Festival returns to Macau this December

Banking/Financial Services2 weeks ago

Setoo Selects SafeCharge Payments Technology to Help Revolutionise the Insurance Market

Automotive1 week ago

With exports to 77 countries, world-leading e-scooter manufacturer Yadea draws crowds at EICMA 2018 with the new G5

Banking/Financial Services4 weeks ago

ARIVE Announces New Broker Ecosystem

Banking/Financial Services2 weeks ago

Co-Working To Rise Dramatically: Survey Conducted At CoreNet Global Summit

Blockchain3 weeks ago

Revolutionary Blockchain 3.0 Under CSE Platform

Computer Electronics4 weeks ago

SHAREit partners with Google Play

Follow our Tweets

Trending

Please turn AdBlock off