Optel Group, a leading global provider of traceability systems, announced today that Desjardins Group is providing the company with CAD $68 million in loans in order to support its growth and expansion plans.
Such financial support will allow Optel to extend its traceability service offer as well as diversify its activities in the healthcare, medical devices and research and development fields as well as in other various fields, such as food and natural resources. This assistance also aims at improving Optel’s predominance and influence in one of its usual markets – pharmaceuticals. Optel already owns 25 per cent of the global market share for the healthcare Track & Trace hardware systems market and keeps exhibiting its proficiency in securing the medical products’ supply chain.
“Optel is always looking to push limits and rise to next-level, more difficult challenges. These issues that humanity is facing, they require innovative solutions. This support from Desjardins will allow us to go even further in our growth, by entering new, crucial markets to create a more sustainable world”, declares Louis Roy, Optel president.
“Desjardins is pleased to grant these loans, because we trust the Optel brand completely. The financial situation of the company is excellent and it was very important to us to support their expansion and growth”, adds Robert Bastien, vice-president, Business Services at Desjardins Group.
Optel is constantly committing to attain new objectives, on a bigger scale, and Desjardins Group is a critical ally to make them a reality. Indeed, not only are they the leading cooperative financial group in Canada, but Desjardins also stands out with its commitment, financial strength and contribution to sustainable prosperity. Since Desjardins’ and Optel’s values are perfectly aligned, this collaboration between two leaders in their respective field is entirely logical and will help Optel maintain its present momentum, by continuing developing solutions perfectly adapted to its customers’ needs and able to solve real issues.
About Optel Group
Now a Certified B Corporation, Optel is a leading multinational provider of traceability systems, and its mission is to use its innovative technologies to create a better world. The company’s renowned solutions ensure the quality of consumer health products and help stop counterfeiting of pharmaceuticals and medical devices throughout the world. Its president named EY Entrepreneur of the year for Québec in 2017, Optel is also adapting its technologies to create efficiencies in various other sectors ─ from health-related industries to smart manufacturing and more, all can benefit from global traceability. Optel’s expertise will allow diverse industries to measure, inspect, control and track a variety of elements to improve quality and make better use of resources.
Macallan Whisky picks Izon® Technology as part of a comprehensive anti-counterfeit solution
(De La Rue Authentication Solutions)
The Edrington Group, makers of world renowned The Macallan Highland Single Malt Scotch Whisky, faced a challenge when re-filled used
bottles, intact with labels, began appearing on shelves under their brand name. This posed a serious consumer safety, as well as a global
brand issue. For a solution, they turned to Authentication Solutions for the key overt component of a comprehensive solution.
Epson builds market awareness of authentic product through implementation of layered AC tech
(De La Rue Authentication Solutions)
Epson Latin America estimated that 20% of the product in the market was counterfeit and entering the supply chain through local distributors. The existing anti-counterfeiting ink technology was compromised. Epson developed a new strategy to target unauthorized distributors in key countries and build market awareness of authentic product.
The StellaGuard™ solution leverages the benefits of a barcode and connects it with a three-dimensional visual reference that provides instantaneous authentication with copy-detect protection. StellaGuard™ is a patented and elegant solution to protect your assets, enabling trusted stakeholders, including customers, to authenticate a product using common everyday smart devices.
The smartphone: a new tool to spot fake products
The development of new smartphone technologies offers brands the opportunity to fight counterfeiting more efficiently and drive competitive differentiation by turning their products into smart assets. This paper examines the process of placing the consumer as one of the key actors against illicit trade and creating new business intelligence capabilities for brands.
Pharma Security World 2018: "Anti-counterfeiting and Brand Safety"
March 20-21, 2018 - London, UK
Global Illicit Trade Summit 2018: Out of the shadows
March 22, 2018 - Kuala Lumpur
4XScience 2018 E2E Supply Chain Serialization Benchmark Workshop
March 27-28, 2018 - Brussels, Belgium
Robert Schuman Foundation conference: Smuggling, counterfeiting and the financing of terrorism – mobilising economic stakeholders
April 11, 2018 - Brussels, Belgium
April 17-19, 2018 - New York (NY), USA
4th Global Brand Protection EU Innovation Programme (GBPIP)
April 26-27, 2018 - London, UK
IACC 2018 Annual Spring Conference
May 16-18, 2018 - Seattle (WA), USA
May 29 - June 01, 2018 - Milan, Italy
Partnership for Safe Medicines 2018 Interchange
June 07, 2018 - Washington D.C., USA
June 25-27, 2018 - London, UK
September 2018 (dates tbc) - Switzerland
Rx-360 Global Life Science Supply Chain 2018 Conference: Driving Innovative Quality Strategies
September 25-26, 2018 - Miami (FL), USA
2018 A-CAPP Center Brand Protection Strategy Summit
October 02-03, 2018 - East Lansing (MI), USA
13th Security Document Summit (SDS)
October 17-18, 2018 - Beijing, China
Anti-Counterfeit & Currency Expo (ACCE)
November 06-08, 2018 - Las Vegas (NV), USA