LiteLink Expands to East Coast and Enters Agriculture & Produce Industry Through Strategic Partnership with Pommes Ma-Gic Inc...
19 November 2019 - 11:00PM
LiteLink Technologies Inc. (“
LiteLink”) (CSE:LLT)
(OTC:LLNKF) (FRA:C0B), a key player in digital freight &
logistics platforms as well as payment solutions, is pleased to
announce that it will be expanding to the east coast and bring its
1SHIFT Logistics platform to the agriculture and produce industry
through a commercial agreement and a partnership with Pommes Ma-Gic
Inc. (“
Pommes Ma-Gic”).
Under the commercial agreement, LiteLink will
provide Pommes Ma-Gic with a trial of the 1SHIFT platform for
services such as:
- managing produce freshness logistics,
- tracking and tracing shipments,
- route optimization to get produce to consumers as fast as
possible,
- capacity planning, manifest digitization, and geofencing;
and
- streamlining delivery from field to buyer.
The goal of the platform is to provide any farm
or producer with the ability to deliver their product as safely and
quickly as possible. 1SHIFT will help Pommes Ma-Gic to demonstrate
the best path was taken to maximize freshness and quality.
Pommes Ma-Gic and LiteLink have also entered
into a partnership that will permit LiteLink to open an east coast
office at the Pommes Ma-Gic headquarters in Rougemont,
Quebec. Recognized for many years as “Capital of the Apple”,
Rougemont is strategically positioned in the heart of Quebec’s
produce industry. Under the terms of the partnership, Pommes Ma-Gic
will provide cold room storage facilities as well as trucks and
trailers for LiteLink to use as a research and development lab for
temperature and moisture monitoring. LiteLink will also be using
this facility to test their IOT & 5G sensors and devices
through different conditions.
“We are very excited for this partnership," says
Pommes Ma-Gic President and General Manager, Sébastien Alix. “I've
been through tons of logistics solutions and technologies, and the
1SHIFT platform was chosen because of its ease of use, solid cost
savings, and technology enablement.” Sébastien added that he relies
on innovation and partnerships to continue developing his company
and he is glad to be turning challenges into opportunities with the
1SHIFT platform.
Through the partnership with Pommes Ma-Gic,
LiteLink will gain access to a network of prolific produce growers,
shippers, and distributors.
“We select our partners very carefully.
Sébastien and his company have 100 years of proven history, the
trust of the largest retailers in North America, and the same
passion to deliver the best produce using next-generation
technology,” says LiteLink CEO, Ashik Karim. “Not only will we gain
important R&D capabilities and position ourselves in the heart
of Quebec’s produce industry, Pommes Ma-Gic will enjoy real-time
shipment visibility, including the ability to monitor product
freshness in transit to enrich their service and customer
experience. Quebec and the rest of Canada are rich with
agriculture, and the industry is hungry to find value through
technology. We have our sights on being a part of their ecosystem
as well as lowering the cost and wastage found in spoilage.”
LiteLink has broken ground in the freight brokerage and nursery
industries across Canada and the US over the last six months.
Expanding to the agriculture and produce market segment is a
natural progression in its product offering, complementing its
business logic logistics platform paired with next-generation IOT
sensors.
About Pommes Ma-Gic Inc.
Located in Rougemont, Quebec, Pommes Ma-Gic has
been part of the Canadian produce industry for more than a century.
Through four generations, President and General Manager Sébastien
Alix and his family have helped innovate the agri-food sphere by
introducing the Collatio brand and cut-apple production to Quebec.
Pommes Ma-Gic works with Sobeys, METRO, Loblaws, and other food
retailers.
About LiteLink Technologies Inc.
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF)
(FRA:C0B:FF) is a major player in developing world-class enterprise
platforms that utilize artificial intelligence, blockchain, and
predictive analytics to solve fragmented and outdated technology
problems in the logistics and digital payment industries. Our
flagship 1SHIFT logistics platform offers real-time transparency
and tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time.
For further
information, contact Yana Bobrovskaya at 604-307-2553 or email
investor@litelinktech.com.
The Canadian Securities Exchange has not
reviewed, approved or disapproved the content of this news
release.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain certain
forward-looking statements and information (together,
“forward-looking statements”) within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “will”, “anticipate”, “believe”, “estimate”,
“expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other
similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, the intended
success or results of the commercial and partnership agreements
with Pommes Ma-Gic, and other factors or information. Such
statements represent LiteLink’s current views with respect to
future events and are necessarily based upon a number of
assumptions and estimate that, while considered reasonable by
LiteLink, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could
cause results, performance or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
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