News
Recent Annoucements
Press Release: Fiber Food Systems Expands to Australia with New Subsidiary Focused on Protein Production
Sydney, Australia – October 31, 2024 – Fiber Food Systems, Inc. ("Fiber"), a leader in AI-driven food technology, announces the establishment of its new subsidiary, Fiber Food Systems Pty Ltd., in Australia. This expansion marks a significant step in the company’s mission to drive sustainable, high-quality food production globally. Through Fibre Food Systems Pty Ltd., the company aims to acquire, restore, and retrofit an existing protein isolate facility to enhance production and meet the growing demand for plant-based protein ingredients.
The Australian plant protein market is experiencing rapid growth, with projections indicating a strong increase in demand for pulse-based protein isolates. The new subsidiary will focus on scaling operations to produce high-quality protein isolates, responding to the increasing need for sustainable plant-based ingredients across markets in Asia, North America, and Australia. Fiber Food Systems Pty Ltd. will enhance production capabilities in the facility to an estimated annual capacity of 7,000 metric tons, supplying various segments, including alternative dairy, nutrition, and baking products.
The subsidiary will employ advanced extraction technology to ensure quality and consistency, supporting product performance and environmental sustainability. Through this initiative, Fiber Food seeks to reinforce its role as a leading provider of high-functioning, clean-label protein isolates that cater to a health-conscious, eco-friendly global market.
Press Release:Fiber Food Systems, Inc. Acquires Interest in Boumarang Inc. to Accelerate AI and Sustainable Food Tech Solutions
Irvine, CA – August 30, 2024 – Fiber Food Systems, Inc., a leading innovator in AI-driven food technology, today announced the acquisition of a strategic interest in Boumarang Inc., an AI-first drone company specializing in hydrogen-powered drones and advanced analytics for agriculture, infrastructure, and environmental monitoring. This investment supports Fiber Food Systems’ commitment to expanding its sustainable technology portfolio and integrating cutting-edge AI and hydrogen-powered solutions in food and agricultural systems.
The partnership with Boumarang brings significant advancements to Fiber Food Systems’ capabilities, enhancing its AI-driven data analytics and operational insights for efficient and sustainable food production. Boumarang’s expertise in hydrogen-powered drones and autonomous navigation aligns with Fiber Food Systems’ mission to revolutionize food systems with eco-friendly, high-tech solutions that address industry needs for scalable, sustainable, and precision agriculture.
The investment marks a milestone for both companies as they collaborate on developing solutions that integrate drone technology with AI-based insights, aimed at addressing critical needs in food sustainability and operational efficiency.