Launched in 2018, Eluceda, based in Burnley, has developed a sensor technology used across a range of consumer goods and manufacturing industries.
The key challenges faced by producers in these sectors focuses on the ever growing imperative to ensure consumer safety.
For example, it is estimated that more than 25% of the alcohol sold worldwide is illicit, while 30% of all pharmaceuticals sold worldwide are counterfeit. Meanwhile, around 300,000 patients a year in England are affected by a Hospital Acquired Infection (HAI) costing the NHS approximately £1Bn.
Using its next generation sensing and detection technology Eluceda is at the forefront of rapid testing and screening solutions. It is providing solutions to meet demand driven by rising regulatory pressure on hygiene standards, changes in consumer habits, and increased brand and supply chain security.
The mission is to fill the critical gaps in the consumer safety market by creating forensic-level solutions that are faster, cheaper and easier.
Mark Sweeney, Professional Services Director of IoT Horizon, said: “Providing customers with traceability and the reassurance that the product is authentic is increasingly important.
“Brands and suppliers are keen to ensure that any counterfeit products are identified and removed as efficiently as possible.
“Eluceda and their detection solutions are fast becoming a name the big brands trust and rely on to protect the integrity of their products.
“Working with Eluceda has opened our eyes to the vulnerability of the supply chain. Reassuringly “Eluceda’s tests have identified an effective and pragmatic way to authenticate the supply chain.”