Bemis Company Inc.
) has joined forces with Thin Film Electronics ASA to develop
"intelligent" sensor labels for consumer product, healthcare and
food companies. The labels will record information such as key
physical properties, environmental conditions the products have
passed through and the time taken from the factory to a distrbution
Oslo-based Thin Film had earlier announced technology
partnerships where it worked on developing a low-cost, integrated,
time-temperature sensor that will be helpful in monitoring
perishable goods and pharmaceuticals. As per this deal with Bemis,
Thin Film will extend that know-how to create a "customizable
sensor platform" that Bemis can subsequently adapt as per customer
needs. The Bemis Intelligent Packaging Platform is slated to be
commercially available in 2014.
Bemis' packaging is used across a diverse range of products from
food items to medical devices and personal care items. Its
customers include leading food and consumer products companies
around the world. The flexible packaging market for North America
is estimated at around $18.3 billion. Bemis eventually plans to add
this technology to every package that it manufactures.
The food industry faces stiff competition and manufacturers,
distributors and retailers alike are exploring ways to maximize
efficiency, minimize cost and avoid waste. Furthermore, with
increased government regulation, it is imperative to closely
monitor and ensure a high quality of supply chain conditions for
food products. These low-cost intelligent labels will help minimize
food waste and save cost. It will also add value to the package by
instilling user confidence that the products are of optimal quality
and will definitely provide a competitive edge to Bemis.
Neenah, Wisconsin-based Bemis Company is a major supplier of
flexible packaging and pressure sensitive materials used by leading
food, consumer products, healthcare and other companies worldwide.
Bemis competes with
Sealed Air Corporation
Avery Dennison Corporation
). Shares of Bemis currently retain a Zacks #3 Rank (short-term
AVERY DENNISON (AVY): Free Stock Analysis
BEMIS (BMS): Free Stock Analysis Report
SEALED AIR CORP (SEE): Free Stock Analysis
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