Acquisition to Support the Company’s Key Global Life Science Solutions
DALLAS–(BUSINESS WIRE)–SpotSee®, a global leader in environmental condition monitoring solutions, has acquired unique temperature indicator technologies and intellectual property from Sensor International. Sensor International has developed and patented unique and intelligent indicator technologies that can be integrated into various products, packaging, medical devices, and diagnostics. These technologies are particularly useful in life science, food safety and high-pressure pasteurization markets.
“SpotSee sees a tremendous opportunity with the Sensor Indicator technologies because of its low-cost, time-temperature detection capabilities that can mimic spoilage experienced in vaccine vial monitoring, pharmaceuticals and food,” said Tony Fonk, President and CEO of SpotSee. “We look forward to working with the Sensor Indicator team to develop and commercialize these unique technologies into real world applications.”
This is the second acquisition announced by SpotSee in the past two weeks, reaffirming its commitment to develop the best patient-focused Life Science solutions, as well as products for food distribution monitoring.
The World Health Organization (WHO) mandates that manufacturers utilize vaccine vial monitors, enabling millions of vaccines to reach rural patients throughout the globe without spoilage. Through the acquisition of Sensor International, SpotSee will continue its development of key solutions to support the distribution and monitoring of vaccine and temperature sensitive medication.
According to the IQVIA Institute for Human Data Science, 30% of cold chain products are scrapped because of cold chain issues.
“SpotSee is a purpose driven company, and we are motivated to create unique technologies that help solve a global health problem,” said Fonk. “We are proud of our role to help reduce waste in the pharmaceutical supply chain. Imagine if we had 30% more medicine to reach those in need.”
About SpotSee
At SpotSee, every degree matters. As a global leader in condition-indicating and monitoring solutions, the company helps customers identify changing conditions to protect life sciences and ensure supply chain integrity. SpotSee provides products that enable more than 4,500 customers and partners in 62 countries to detect changes in the condition of everything from vaccines to spaceships. The company’s solutions include temperature, impact, tilt, vibration, humidity, and liquid detection monitoring devices, available via visual, RFID, QR Code, cellular or satellite connection. Its products such as WarmMark, ColdMark, HemoTemp II, ThermoStrip, Thermax, BriteLine, ShockWatch, ShockLog and TiltWatch are widely used in the life sciences, energy, transportation, aerospace, defense, food, manufacturing, and consumer products sectors. The company is headquartered in Dallas, TX and operates five facilities in Texas, Illinois, Mexico and the United Kingdom. For more information, visit www.spotsee.io.
Contacts
Alejandra Serna
Mod Op for SpotSee
Alejandra.serna@modop.com
