(2005-01-14)
ProMat -- TrenStar Inc. announced today at the ProMat trade show that it will be delivering an outsourced mobile asset management solution to Martek Biosciences Corp., a company that develops and sells products derived from microalgae.
TrenStar has signed an agreement to acquire Martek's container fleet and provide a management solution featuring radio frequency identification (RFID) tracking, systems integration, logistics, fleet assessment and procurement, and maintenance services including sterilization. TrenStar will provide reverse logistics for some domestic and European Martek customers.
"We look forward to working with TrenStar to efficiently manage our container inventory in the shipping of Martek's nutritional oils," said Martek CFO Pete Buzy.
"TrenStar's pay-per-use model, whereby Martek will outsource a technology-enabled container management service on a per-use basis, eliminates large up-front technology expenses, converts technology costs from fixed costs to variable costs, links total cost of the technology to realization of benefits, and fosters a long-term partnership between the two companies," said DeAnn Brunts, TrenStar executive vice president and chief financial officer.
TrenStar chief executive officer Greg Cronin said, "TrenStar's business model is proven to be flexible enough to surmount the challenges either unique to a customer or shared by an industry. Our solution provides significant benefit to most any asset-intensive industry where companies own and need to manage high-value containers as they flow through complex supply chains."
About TrenStar
TrenStar is the first company to offer mobile asset management. From the start in 2001, TrenStar's singular mission has been to buy, track and manage high-value containers for customers throughout asset-intensive industries. TrenStar offers one complete outsourced solution that combines asset acquisition, tracking technology and management services all for a per-use fee, so customers, and eventually entire industries, reduce operating expenses, improve customer service and manage assets and their contents effectively. TrenStar's clients include Carlsberg UK, Coors Brewers Limited, Kraft and Goodyear. Ranked as the top software developer in the Denver area and named a Deloitte Technology Fast 500 Rising Star in North America, TrenStar has offices in Denver, the United Kingdom, Australia and South Africa. TrenStar is privately held, and the primary shareholders are Trencor Limited, The Carlyle Group and the Leede Companies. On the Net: www.trenstar.com
About Martek
Martek Biosciences Corporation develops and sells products from microalgae. The Nutritional Products Group manufactures and sells two nutritional fatty acids, docosahexaenoic acid (DHA) and arachidonic acid (ARA). Martek has patented its DHA (DHASCO®) and ARA (ARASCO®) oil blend (Formulaid®) and sells it to infant formula manufacturers worldwide. Martek also sells its DHA oil, under the Neuromins® brand name, to the nutritional supplement industry, either directly or through a number of supplement manufacturers. The Fluorescent Products Group develops and sells a series of proprietary and non-proprietary fluorescent markers. These markers have been designed for use in a wide range of drug discovery and research applications. On the Net: www.martekbio.com
TrenStar Media Contacts:
United States/Australia
Ashley Lohman
804 673 5008
alohman@trenstar.com
United Kingdom/Europe
Joanne Hunter
+44 1482 867 321
jhunter@trenstar.com
South Africa
Nikki Whittal
+27 11 615 1416
nikkiw@trenstar.co.za
SOURCE: TrenStar
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