Fredericton-based Smart Skin Technologies has received about $4.5 million in funding to help develop new quality assurance products for the pharmaceutical and beverage industries and expand its markets.
The 11-year-old company has developed a product called Quantifeel – a pressure-sensitive container that can be fed through a production line and warn packagers of costly bottlenecks. It is now enhancing the product to allow greater quality assurance for customers, though it is releasing few details about the project.
“Smart Skin Technologies has established itself as the globally recognized innovation leader in our field with our patented Quantifeel line of products and services, which are designed to help packaging companies optimize their container handling systems,” said CTO Kumaran Thillainadarajah in a statement.
“This drives tangible benefits in productivity and waste-reduction throughout the supply chain, representing a multi-billion-dollar financial opportunity for producers as well as benefits in sustainability and environmental performance.”
Read more about this story at Entrevestor.