WISErg Plans Expansion into California Market
WISErg, a bio-clean technology company that converts food waste into organic fertilizer for sale to farmers and consumers, plans to expand into the California market through $5 million in funding from private funding sources.
To date, the company has contracted to deploy its Harvester units (pictured) at regional and national grocery outlets in the Puget Sound area of Washington, including Whole Foods Market, Town & Country Markets, PCC Natural Markets and Red Apple Markets and is in active discussions with other regional and national grocery chains.
The Harvester is a fully sealed, odor-free unit that can process all food scraps originating from the meat, seafood, deli and produce departments. It uses a patent-pending oxidative conversion process, extracting nutrients from food scraps before they become waste. Those nutrients are then used to create agricultural fertilizer that is sold to commercial farmers and to consumers at retail. The Harvester also captures data about the sources of food scraps and environmental conditions that businesses such as grocers can analyze to make more informed inventory management decisions and reduce waste.
The new funding – which brings the total amount of capital raised by WISErg to $7.75 million – will be used for continued development of the Harvester technology and WISErg’s fertilizer production process, marketing operations and the company’s expansion beyond the state of Washington. The company expects to enter the California market later in 2014 and is developing alliances with haulers in the state.
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