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AgTech Firm Sues Walmart, Alleging Illegal Use Of Food Waste Technology

August 1, 2018: 12:00 AM EST
Agricultural tech company Zest Labs and its parent company Ecoark Holdings are suing Walmart in federal court for $2 billion, alleging violations of the Arkansas Trade Secrets Act and other offenses. Data created and insights created by Zest Labs’ Zest Fresh technology reduces field to shelf food waste and improves delivered freshness, helping food distributors and retailers reduce the $85 billion problem of fresh food waste. Zest Labs in 2015 helped Walmart adopt the technology, in the process sharing trade secrets. In March 2018, Walmart announced Eden, a technology to keep track of food freshness from farms to stores. Zest Labs says it was “surprised and concerned by how similar Walmart’s Eden description was to Zest Fresh,” triggering the lawsuit in the U.S. District Court for the Eastern District of Arkansas. [Image Credit: © Zest Labs]
"Ecoark Holdings and Zest Labs File $2 Billion Complaint Against Walmart", Globe Newswire, August 01, 2018, © GlobeNewswire, Inc
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