NTELX and ContainerEyes Win Coveted BIRD Foundation Innovation Grant
September 7, 2023 - Tysons, VA: ContainerEyes (Tel Aviv, Israel) and NTELX (Tysons, VA) have been awarded the top grant from the Israel-U.S. Binational Industrial R&D Foundation (BIRD) to develop a tracking, condition monitoring and risk-analysis system to aid in decision making to increase food safety and security while food and agricultural products are in transit. The grant will support NTELX and ContainerEyes in the further development of its best-in-class solution that will provide visibility into containerized goods in transit, assess and monitor their real-time condition and empower customers to make faster and smarter decisions during global shipping.
“Globally, around 40% of all food is lost or wasted throughout the supply chain. Specifically, 25% of all long-distance food shipments are lost during transit. Our unique combination of sensor technology, logistics visibility and analytics will be a great advance in the movement of food and agricultural produce around the globe. NTELX’s proprietary platform is a perfect complement to CE’s multi-sensor array to provide smart decision making while in transit.”
Avi Azulai, Founder & CEO, ContainerEyes
“We are delighted to have an investment from the BIRD Foundation in this unique solution to a major challenge in global food shipments. Winning the BIRD competition further validates the importance and value of this next-generation solution.”
Rob Rosenberg, CEO, NTELX
About NTELX
For over 20 years, NTELX has been solving the most challenging global trade, supply chain, and logistic problems. NTELX leverages data, deep domain expertise, proprietary technology and risk analytics to improve visibility and analysis of trade. We facilitate and accelerate trade flows, increase throughput, digitization and information exchange, enhance oversight, and improve operational decision making.
NTELX’s logistics and analytics solutions have processed and analyzed billions of transactions for its clients in the public and private sector including the US FDA, where NTELX’s solution is used to risk assess all FDA-regulated imports.
About ContainerEyes (CE)
CE is building a service that integrates into the customers' Decision Support Solutions for the cargo logistics industry and provides complete visibility on the container and the cargo in transit. Our sensor technologies, unique event recognition algorithms and associated analytics will save substantial costs & reduce delivery times through identifying & predicting supply chain disruptions. Identifying issues & events during the cargo's journey requires advanced technologies not available in the supply chain industry today. CE is developing these technologies & systems to provide enhanced visibility and accurate real-time prediction. Additionally, we are working with our partners to create Enhanced Risk Analysis through data & Event Recognition features.