Orlando, Florida — Khrysos Industries, Inc., a wholly-owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI), and Hanhaa, an internet-of-things innovator, have agreed to a strategic channel partnership agreement intended to ensure product integrity during transportation.
Khrysos Industries will integrate ParceLive trackers in order to monitor all shipments sent to its customer base. ParceLive (a Hanhaa Limited product) is a real-time cargo tracking service that provides the user with information on the temperature, humidity, tilt, orientation, box opening, or the mishandling of shipped inventory regardless of the carrier and country.
Real-time alerts, stamped with time and location data, ensure that delivery systems can create meaningful workflows to address improvements and deliver a competitive advantage. Khrysos Industries can locate where in the supply chain issues have occurred and therefore prevent them from happening again in the future.
About Khrysos Industries, Inc.
Khrysos Industries, Inc. (NASDAQ: YGYI) is a leading manufacturer of commercial hemp-based extraction, post-processing equipment, and end-to-end processor of isolate, distillate, water-soluble isolate powder, and water-soluble isolate liquid. Its subsidiary, INX Laboratories, provides a broad range of testing services, including potency analysis for its supply partners of hemp-derived products. Khrysos Industries, acquired by Youngevity International on February 12, 2019, has a 82,000 sq. foot facility and provides hemp growers, feedstock suppliers, and crude oil producers the use of equipment, intellectual capital, production consultancy, tolling services, and wholesale channel sales capabilities.
SOURCE Khrysos Industries, Inc.