DiMuto breaks into US market with Central Valley citrus packer Fancher Creek Packing

[Press Release]

DiMuto breaks into US market through deal with Central Valley citrus packer Fancher Creek Packing

• DiMuto’s first foray into the USA, following deals with key fruits industry players in the Asia Pacific region
• Central Valley citrus packer Fancher Creek to apply DiMuto’s Track & Trace blockchain technology to tag citrus fruits, including oranges, lemons and grapefruits, for export. DiMuto will also aid Fancher Creek in penetrating Southeast Asian markets
• The deal underscores the scalability and interoperability of DiMuto’s trade management platform as an effective solution for global supply chains

Singapore, 23 September 2019 – DiMuto, a tech-based trade solutions platform that provides end- to-end supply chain visibility for global businesses, has expanded its footprint into the USA by closing a deal with major citrus packer Fancher Creek Packing (“Fancher Creek”). Using DiMuto’s Track & Trace blockchain solution, Fancher Creek will tag citrus fruits, including oranges, lemons and grapefruits, from the US to various parts of Asia.Located in Visalia, within the agricultural San Joaquin Valley, Fancher Creek’s packing facility is strategically situated in the heart of California’s Central Valley, which grows over 250 different crops, with an estimated value of US$17 billion, annually. Central Valley is also responsible for a quarter of the food production in the US. Fancher Creek works with growers, packers and shippers to provide citrus produce to the rest of the US, as well as overseas markets, such as Japan and Korea. Additionally, DiMuto will aid Fancher Creek in expanding its distribution channels by penetrating Southeast Asian markets in DiMuto’s trade network, including Indonesia, Malaysia and Singapore.As part of its trade solutions, DiMuto’s Track & Trace blockchain technology is a low-cost, effective solution that seamlessly integrates with supply chain workflows and existing systems to create traceability and accountability for each fruit, from farms, factories, cold chain to distribution channels and end consumers. Every single fruit is tagged with a QR label, photographed and tracked at each stage of the supply chain to provide end-to-end, 24/7 visibility from farm to fork. Data is encrypted and loaded onto the distributed digital ledger, enabling verified documents and data to be shared on a single platform, reducing trade disputes over quality and strengthening trust amongst all parties.Mr Gary Loh, DiMuto’s Founder and Chairman, said, “We are tremendously excited to be working with Fancher Creek to break into the US market and establish a presence in California’s Central Valley. The adoption of our technology by more players across the global produce industry underscores the scalability of our all-in-one trade management platform. It is platform-agnostic and interoperable among the different blockchain systems currently used by the big international retailers, and we envisage a faster rate of market adoption for our trade solution as retailers are increasingly requesting for suppliers to go on the blockchain to complete end-to-end traceability. As such, DiMuto ensures that we meet the needs of our global clients by adhering to internationally-accepted and business-led standards.”