New Brunswick-based Smart Skin Technologies, a manufacturer of pressure sensing container devices and analytics used in the beverage, food production, and pharmaceutical industries, closed a $3.1 million strategic investment led by SCHOTT AG.
The New Brunswick Innovation Foundation, an existing investor in Smart Skin, also participated in the financing.
Smart Skin’s Quantifeel line monitoring system observes and analyzes the dynamic effect of forces exerted on containers in real-time, and enables Smart Skin’s clients to understand the effect that operational parameters are having on line performance. In the past, Smart Skin has won the FoodBev Media’s World Beverage Innovation Award in the category of Best Manufacturing or Processing Innovation.
“This is an exciting period of growth for Smart Skin. The funding will support the company’s platform development and market expansion, both geographically and in industry diversification,” said Smart Skin CEO Evan Justason. “The addition of Mr. Stöcker to the board of directors perfectly aligns with Smart Skin’s evolution and his industry expertise will be invaluable.”
SCHOTT is an international technology group working in the areas of specialty glass and glass ceramics, as well as one of the world’s leading suppliers of parenteral packaging for the pharmaceutical industry. In conjunction with the strategic investment, Fabian Stöcker, vice-president of Global Strategy & Innovation at SCHOTT Pharmaceutical Systems, was appointed to Smart Skin’s board of directors.