Research
Triangle Park,
North Carolina and
San Francisco,
California
November 17, 2005
TraceTracker Incand
XS, Inc today announced a
technology and market partnership enabling a rapidly deployable,
practical solution for traceability of agricultural commodities.
“The benefits of track and trace are well known in agriculture”
states
Stein Onsrud,
CEO of TraceTracker
USA.
“The challenge to date has been the practicality and cost of
data capture and enabling chain traceability”.
By combining TraceTracker’s
globally recognized traceability software with XS’ proven point
of sale data collection capabilities, the partnership is able to
offer a completely new and comprehensive solution, which will
revolutionize the data collection and whole chain traceability
in the agricultural sector. TraceTracker has demonstrated the
ability to track movements and information regarding
ingredients, products and logistical units within complex value
chains, such as Norwegian salmon in
Europe.
BASF, a strong supporter of TraceTracker’s technology, uses the
system on a global scale to accurately identify where their
food- and feed additives are being introduced into the value
chain for example.
XS’ capabilities complement
those of TraceTracker’s in US
production agriculture. XS is the largest collector of point of
sale data from agricultural retailers in the US.
“Our systems allow immediate visibility of seed, chemical,
fertilizer and other farm inputs with minimal disruption to
existing business and operational processes” states Fulton
Breen, CEO of XS, Inc. Being an internet based service provider,
XS’ focus is on extracting data from existing retailer systems
thereby minimizing investment and accelerating time to market.
Several pilot projects are
planned for the 2006 crop year including one with
New American Farm,
involving corn production in the
Midwest.
“Managing field level data is an important part of our business
as we strive to improve efficiencies for our member farms”
states Ben Allen, CEO of New American Farm. Integrating field
data with farm purchase data from retailers and grain sales data
from elevators provides exactly the information that
TraceTracker needs to run its proprietary algorithms and
precision data models.
While the initial pilot
projects will primarily focus on value chains based on
production crops, the system will easily adapt to animal systems
according to Onsrud.
TraceTracker Inc is a
wholly owned subsidiary of TraceTracker Innovation AS.
TraceTracker was founded in 2000 and is the world’s
leading software provider for Global
Traceability Solutions.
Covering the entire value chain,
the TT GTNet ( TraceTracker Global Traceability Network ) is an
online exchange of links to independent companies’ traceability
information. The TT GTNet transcends organizational and system
barriers to connect companies in a truly global traceability
network. It facilitates the complete documentation and tracing
products, and enables companies to cut costs, increase
competitiveness, protect brands and enhance safety.
TraceTracker has been
chosen as the backbone information system in two major EU
traceability projects “Trace” and “Seafood Plus”. TraceTracker
is in close cooperation with GS1 to ensure compliance with
existing barcode and RFID standards, and is an active member of
the EPC Global Network Community. TraceTracker
has its headquarter in Germany/Heddesheim, and has regional
offices in
Milan,
Singapore,
Toronto,
San Francisco,
Tokyo
and Oslo.
XS Inc. is an Internet
technology and services company serving agriculture and adjacent
markets with e-commerce, marketing and data management services
and applications that improve companies' marketing
effectiveness, operational efficiencies and regulatory
compliance.
New American Farm
is one of the largest producers of corn in
North America.
Through enhanced management systems, individual family farm
units are aggregated to benefit from economies of scale
previously unattainable in production agriculture. |