Home LatheacondTech Glocalink Singapore invests in Latheacond Technologies, to help communities who are dependent...

Glocalink Singapore invests in Latheacond Technologies, to help communities who are dependent on food imports to build resilience and zero-waste economies

99
0

Glocalink Singapore (Director: Dr. Ravikrishna Ramanujam) (hereinafter referred to as “the Company”), invested in Latheacond Technologies (CEO: Dr Isakov Dmitry, hereinafter referred to as “LatheaconTech”), which is working on a mission to help communities who are dependent on food imports to build resilience and zero-waste economies. 

Latheacond Technologies was started by Dr Isakov Dmitry in September 2017. With 11 years of expertise in developing innovative thermal and vacuum systems with A*STAR – Singapore’s leading public sector R&D agency – Dr Isakov adopted his patented vacuum technologies to create superior food storage solutions capable of meeting Singapore’s food security and resilience goals. As communities everywhere grapple with disruptions to the food supply chain escalated by the climate crisis and, more recently, the COVID19 pandemic, the solutions proposed by Latheacond Technologies, are aimed at helping communities who are dependent on food imports to build resilience and zero-waste economies.

A key issue in the supply of fresh produce has been in its shelf life as determined by its storage. For decades, vacuum refrigerated containers and reefers have consistently outperformed conventional refrigeration solutions, but significant cost and weight challenges have limited their commercial viability. It is in this space that Latheacond Technologies’ area of expertise has been in evidence with the development of lighter and more cost-effective new vacuum reefers. The technology comes with the added potential for creating circular economy frameworks within the global cold supply chain sector – a win-win for people, profit and the planet. 

The company had earlier received support from Temasek Foundation to pilot this disruptive technology, and showcase the potential of this sustainable solution. Building on the momentum, this latest investment from Glocalink Singapore will be directed toward building Latheacond’s capacity, speeding up the Beta stage. In addition, this collaboration will bring Latheacond Technologies access to Japan – a market long at the forefront of manufacturing technology and innovation and a natural partner to Singapore’s own R&D ecosystem. 

Dr. Isakov Dimitry, founder and CEO , Lathecond tech (R) along with Engineer Shahrain Bin Mahmood (L), pose  alongside their creation

Said Dr Isakov Dmitry, Founder and Chief Technology Officer at Latheacond Technologies, “If the past few years have shown anything it is that disruptions to the cold supply can cause havoc – from fresh eggs and vegetables to life saving medicines. In our globalised world where manufacturing centres and consumers are not always one and the same, it is of critical importance to plug the vulnerabilities of existing systems. Latheacond Technologies’ New Vacuum Reefers not only deliver this but also do it in a sustainable manner. I am excited for us to collaborate with Glocalink Singapore to develop this technology.”

Dr Ravikrishna Ramanujam, Director of Glocalink Singapore said, “ We are really excited to support Dmitry . The tech has immense potential to disrupt the status quo. Moving forward we strongly believe that this innovative technology can not only address & solve local supply chain challenges here in Singapore but can do so across Southeast Asia & Japan”.

About Glocalink Singapore

Glocalink Singapore, is a Agri food-tech focussed investment company with a vision to solve the most pressing problems in food security & advance the future of food and agriculture. Glocalink Singapore aims to do this by supporting & investing in early stage startups with innovative technologies to not only solve local issues but can be further developed and implemented to solve global challenges. 

For enquiries:

Glocalink Singapore Pte. Ltd.                                                                                                           

Attn: Dr. Ravikrishna Ramanujam                                                                                               

E-mail: [email protected]

Latheacond Technologies Pte Ltd

Atten: Dr. Isakov Dmitry

E-mail: [email protected]

Previous articleGlocalink Singapore invests in Malaysia-based agritech startup; Qarbotech, aiming towards environmental sustainability through innovative biocompatible solution to increase agricultural productivity
Ms. Maiko Miyashita is in the Administration Division in Leave a Nest Singapore. She received her bachelor’s degree in Public Economics at Chuo University in Japan. Her interest is in social science. She is a state certified social insurance and labor consultant and has experience as a consultant for starting up a business for ten years. Her experience in previous jobs allows her to support Leave a Nest members by creating an environment to allow members to engage on projects to bring Advancing Science and Technology for Global Happiness. In addition, the experience will allow her to support the startup which tackles global issues with Leave a Nest group in the future. リバネスシンガポールの管理部門に所属。中央大学公共経済学の学士号を取得。社会保険労務士の資格を持ち、10年間のコンサルタントとしての経験を持つ。前職での経験を活かし、リバネスのメンバーが「科学技術の発展と地球貢献を実現する」というビジョンの実現に向けたプロジェクトに取り組めるような環境づくりをサポート。

LEAVE A REPLY

Please enter your comment!
Please enter your name here