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The Impact of Science to Create a Movement; the Case of Fooditive, Pioneer in Plant-Based Upcycled Ingredients

ROTTERDAM, June 02, 2021 (GLOBE NEWSWIRE) — The challenging year 2020 saw the blossoming of plant–based ingredient manufacturer Fooditive BV, a Dutch company set on revolutionising healthy eating. Through upcycling third – grade and side–streams of fruit and vegetables into 100% natural products, it has created one of the keys to a more sustainable future. It all started with a Jordanian man and his hate for waste and want for change.

Having experienced scarce availability of food during his childhood in Jordan, founder and food scientist Moayad Abushokhedim vowed to create healthy and affordable food for all.

Packed with a strong food science and business background, he developed his own unique process of creating affordable plant–based ingredients, simply using the science of fermentation.

In recognition of his drive for success in the food and beverage industry, Abushokhedim was named as one of the Food100 2020, an award that celebrates changemakers who are working towards transitioning to a sustainable food system.

"For a Jordanian guy like me, who cannot believe he is living his dream of changing the world, receiving this award made me realise that if you can dream it, you can achieve it. And it reminded me that I am not alone in this endeavour because there are so many others in the world who believe in making a difference," said Moayad Abushokhedim.

Fooditive's first product, the game–changing zero–calorie sweetener made from apples and pears, was only just the beginning. Since launching the sweetener, the company has expanded its range of creative products, including a thickening agent made from banana skins, a carrot–based preservative, and an emulsifier made from potato extracts.

The innovation behind Fooditive's products and its dedication to delivering what consumers deserve have led to the company being nominated for the Foodvalley Champions 2020 award in the category Food & Health. The new collaboration with Frutco AG in Switzerland, which will use Fooditive's unique continuous fermentation process to produce a sweetener from banana side–streams, is the company's latest step towards making the world greener and more sustainable.

As pioneers of healthy eating, Fooditive's actions have also a–peel–ed to Gary Clarke, former general manager of Mars International Travel Retail. With more than 20 years of consumer packaged goods experience, Clarke felt that "as a next step, joining Fooditive as a partner seemed like such an obvious thing to do."

"When I learned about Fooditive's approach to developing a circular economy and producing foods that are better for you, I really thought they were leading the charge to evolve the food industry. I believe that Fooditive really can drive the industry to a new future for food. One that is not only good for people but also good for the planet, and should we be able to scale this idea then the difference can be enormous", added Clarke.

Fooditive is currently funding up to 6.5M for the year of 2021 to revolutionize the plant–based food business and create healthy and affordable food for everyone.

Later this year, the company will share its exciting new products, a healthy fat replacer from avocado seeds and a vegan milk formation from peas, so be sure to keep an eye out for Fooditive.

Now that it is backed by even more committed partners and equipped with un–pear–alleled competitively priced ingredients, the Fooditive fever is catching on and inspiring others along the way to think more about what they eat.

About Fooditive BV

In 2018, the plant–based ingredient manufacturer Fooditive BV was established in Rotterdam, the Netherlands. The company is committed to making healthy food available for all with its 100% natural ingredients. Since its launch, Fooditive has received several awards for its innovative ideas, sustainable approaches, and contributions to a circular economy, including being nominated for the Index Award 2021.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e2b3b996–6320–474d–a1e0–5ee9f1081913

https://www.globenewswire.com/NewsRoom/AttachmentNg/5a7837dc–22d9–48cb–a57b–4c6606055081


GLOBENEWSWIRE (Distribution ID 1000508665)

Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $30 million first mortgage loan to Metropica Development for a luxury condominium tower and a ten–acre development site, which includes plans to develop a second 250–unit multifamily tower. The portfolio is part of Metropica, a four million–square–foot master planned community comprised of luxury residences, modern office towers and high–end retail offerings located in Sunrise, Florida.

Metropica Development, led by Joseph Kavana, began construction of the first 263–unit luxury condominium tower in 2017 and has sold 174 units to date. Madison's loan will be used to support 89 units, representing 101,989 square feet on the upper floors of the first condominium tower as well as the adjacent 250–unit second condominium tower. In addition to the first tower, the Metropica master planned development will include 500 multifamily units, 550,000 square feet of commercial space for luxury retail, dining and entertainment destinations as well as 246 hotel keys.

"We are pleased to deliver a customized and flexible financing solution for the remaining condo inventory in the Metropica Development," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "Madison's ability to finance residential projects through every stage of development was highly attractive to Metropica, an experienced local development firm, and we look forward to working with Joseph and his team to support this unique and ambitious project."

Located at 2000 Metropica Way, adjacent to the Sawgrass Mills shopping mall and BB&T Center, the 28–story Metropica Tower offers luxury residences with an average of 1,034 square feet, top–of–the–line finishes and high–concept designs from Oppenheim Architecture and YOO Studio. The tower's resort–style amenities consist of a saltwater swimming pool, lounges, movie theater, fitness center, massage and yoga centers, and a children's playroom.

Melissa Rose of JLL Capital Markets arranged the financing from Madison Realty Capital.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

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LEADING NETWORK MANAGEMENT SYSTEM SUPPLIER TO TOP MINING OEM’S COMPLETES RAJANT INTEGRATION

Malvern, Pennsylvania (USA), June 02, 2021 (GLOBE NEWSWIRE) — Rajant Corporation, the Kinetic Mesh wireless network provider, has collaborated to complete the implementation of the Integrated Management System (IMS) by FTP Solutions, the leading network management system (NMS) supplier to top mining OEMs.

According to Scott Mills, FTP Technical Director and the person who built IMS, "FTP partnered with Rajant to incorporate its BreadCrumb radios into our IMS platform because Rajant technology is the most dependable and reliable network for mission–critical applications like autonomy, according to our customers. The mining operator benefits from a leading fit–for–purpose radio coupled with a single–pane–of–glass monitoring system. The deep integration of the FTP IMS platform with Rajant Kinetic Mesh makes possible previously unattainable visibility into the high level of performance that a Rajant network enables at a mine."

"Rajant's leading industrial wireless M2M radios provide site–wide connectivity regardless of layout and terrain, giving mining operators peace of mind for mission–critical connectivity. FTP's IMS visualization of data from multiple systems combined with Rajant networking provides a reliable holistic view of operational data," adds FTP Co–founder and Managing Director Lachlan McMahon. "FTP has unlocked the ability to view an entire operation through a single–pane–of–glass, and all stakeholders across the mining organization can visualize the performance and are connected by a data assurance network that Rajant technology provides."

"FTP is in the forefront of reporting network health for the entire OT mining network, and they do it in an agnostic way when it comes to radio technologies including Rajant, LTE, and Wi–Fi, " says Rajant EVP of Global Sales and Marketing Geoff Smith. "FTP's IMS platform reports on the health of the entire mine network to all relevant parties, which is critical when it comes to having a truly automated operation. Rajant technology can work with any backhaul, including LTE, to provide seamless connectivity through a mine site regardless of pre–existing infrastructure. Further, our industrial wireless networking is both forwards and backhaul compatible, maintaining a mine's investment and with easing upgrades to the latest technology like our latest Peregrine and Hawk platforms."

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About FTP Solutions

FTP Solutions is an innovative company dedicated to designing, installing, and supporting critical operational wireless networks. Through our in–depth knowledge of wireless and fixed networks, FTP built the wireless network monitoring platform known as the Integrated Management System (IMS). This software has been designed from the ground up with the network maintainer in mind. For more information, visit www.ftpsolutions.com.au.

About Rajant Corporation

Rajant Corporation is the broadband communications technology company that invented Kinetic Mesh networking, BreadCrumb wireless nodes, and InstaMesh networking software. With Rajant, customers can rapidly deploy a highly adaptable and scalable network that leverages the power of real–time data to deliver on–demand, mission–critical business intelligence. A low–latency, high–throughput, and secure solution for a variety of data, voice, video, and autonomous applications, Rajant's Kinetic Mesh networks provide industrial customers with full mobility, allowing them to take their private network applications and data anywhere. With successful deployments in more than 60 countries for customers in military, mining, ports, rail, oil & gas, petrochemical plants, municipalities, and agriculture. Rajant is headquartered in Malvern, Pennsylvania with additional facilities and offices in Arizona and Kentucky. For more information, visit Rajant.com or follow Rajant on LinkedIn and Twitter.

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