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Key Technology Signs Exclusive Licensing And Distribution Agreements To Deploy Chemical Imaging Technology (CIT(R)) For Potato Processing Applications

Stocks in this article: KTEC

WALLA WALLA, Wash., July 25, 2013 (GLOBE NEWSWIRE) -- Key Technology, Inc. (Nasdaq:KTEC), a complete solutions provider and worldwide leader in the design and manufacture of process automation systems, announced today it has signed an exclusive licensing agreement with EVK DI Kerschhaggl GmbH and Insort GmbH to deploy Chemical Imaging Technology (CIT®) and integrate new hyperspectral developments into Key systems, and an exclusive distribution agreement to market Insort's complementary sorting solutions to strategic potato processing customers worldwide. EVK and Insort are based in Austria.

"These agreements further strengthen Key's leadership position in the potato industry, and allow us to continue providing our customers with the most innovative, value-add systems to improve their yield and product quality," said Jack Ehren, President and Chief Executive Officer of Key Technology. "Partnering with EVK and Insort and the integration of CIT into Key products will enable Key to enhance existing technologies and create new differentiated sorting capabilities for potato processing applications."

The partnerships reinforce Key's position as the most complete source of high-performance digital sorting technologies in the potato industry and complements Key's development of next-generation hyperspectral sorters for a variety of food processing applications.

"Key is a highly-respected market leader and we are excited to partner with them to bring our Chemical Imaging Technology sorting solutions to a wider range of customers. We look forward to working together to enhance innovation and development," said Matthias Jeindl, president of Insort. "With worldwide sales and service capabilities, Key has exceptionally strong customer relationships and unparalleled industry expertise in their core markets and is an ideal distributor for our Sherlock Separator and Observer products."

These two partnerships further demonstrate Key's commitment to develop and implement new hyperspectral technologies on additional sorting platforms and to improve product quality and increase yields for customers in core markets. Sorting based on the chemical composition of a product, leveraging hyperspectral imaging, shows strong potential for multiple food processing applications in solving a variety of product quality and processing challenges.

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