German Food Research Group Adopts SYFT Solutions As Sales Momentum Increases
News release, 16 December, Syft Technologies Ltd, Christchurch, New Zealand
Syft Technologies has concluded another sale to the lucrative Food Research sector by today announcing that a key German
Food Research customer is proceeding to a full sale, this follows the conclusion of their three month lease-to-buy
contract.
This sale has been concluded with the assistance of Syft’s German Distributor Axel Semrau GmBh and is the first
lease-to-buy conversion for the distributor.
The Food, Flavour and Fragrance sector is one of the four major sectors being focused on by Syft’s International Sales
and Marketing team as it grows is product footprint internationally.
International Sales Manager John Billows commented, “We have been researching and working closely with key thought
leaders and influencers in this sector for some time. We have built excellent and mutually beneficial relationships with
research groups such as Dr Andy Taylor at the University of Nottingham and Professors Jim Harper and Sheryl Barringer of
The Ohio State University. Working with these well respected food researchers has allowed us really understand where our
technology fits and where we can add significant value, which in turn has lead to the sales we are now seeing in this
sector.”
Syft has had growing success in the USA Food and Flavour Market. Its technology was well received at the prestigious
International Food Technologists conference in New Orleans earlier in the year and commercial agreements are in
development with some of the USA’s largest Food companies for the supply of more instruments in 2009.
Syft is currently undertaking a Rights Issue to raise up to up to $5 million to facilitate growth in key market sectors.
Geoff Peck said, “This is exceptionally positive news for the company and its shareholders. Following our recent success
in the US security sector, realising this new sale conversion in Europe is a great way to end the calendar year. They
demonstrate that the hard work put in to build our visibility and establish the potential of our applied technology
solutions is now bearing fruit.”
ENDS