Formerly dba StixFreshRyp Labs, the firm is now renamed Ryp Labs with the primary focus being on significantly reducing food-waste utilizing all natural methods. It is estimated that - world wide - annually as much as 50% of food goes to waste - a wasted amount factoring to over $2.6 Trillion. Headed up by high-performing, driven individuals with altruistic values, the management team of Ryp Labs is set up with the intent of becoming a global AgTech leader in addressing and significantly reducing food waste. The firm's mission is - entirely grounded in all-natural methods - to develop and commercialize ground-breaking technologies that will significantly reduce food waste. With a product line initially targeting the fruits and vegetable, pilot studies conducted in collaboration with global retailers and distributors have already demonstrated an impressive 15% to 30% reduction in losses on strawberries, blueberries, nectarines, and mandarins with its sachets and stickers. Ryp Labsâ is on track to expand its waste reduction solutions throughout the food and agriculture industries, including meat, seafood, poultry, eggs, dairy, cut flowers, and plants.