New strategic partner for Asia invests $2 million in Librixer
Librixer AB and Singapore-based Polaris Innovation Pte Ltd. have formed a new strategic partnership to bring Librixer’s technology to the Asian market with a primary focus on the food sector. Polaris Innovation has invested $2M in Librixer in conjunction with entering this partnership.
A mutual ambition and a logical next step is the establishment of an Application Center in Asia to serve as a platform for the Asian market entry.
Polaris Innovation was founded in Singapore by Petteri Makitalo who is also the founder of Philippine superfood chocolate manufacturer, CocoLibre Corp. As a result of the partnership Mr. Petteri Makitalo has entered the board of directors of Librixer.
During his recent visit to Librixer in Sweden to learn more about the technology and to discuss future cooperation, Petteri was accompanied by Monde Nissin Advisor Martial Beck, who commented that he has a “very strong confidence in the micronization technology of Librixer and its ability to “make more with less”. Now Librixer is excited to explore tests for superior food production with Monde Nissin using its unique technology.
“We are extremely happy to have access to our new partners’ expertise within our focus area food. Based on Polaris Innovation’s market presence combined with Librixer’s unique technology and solutions, this partnership provides a platform for an expansion of our business in the Asian region” says Chairman Christine Bjärkby and Librixer CEO Martin Leman.
