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Beacon Food Safety CEO Bill Locatis discusses his new technology that can test foods for many of the germs affecting Americans across the country.
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At least thirteen people have died from listeria after eating cantaloupe grown by Colorado based Jensen farms now there's a company.
That is developing a test to detect germs that cause diseases before the food even hits the store shelves.
We are joined by.
Film look highest chairman CEO a -- -- to say to the company that is.
Producing.
This device so this is obviously been in the works for a while for you in your company but how does the device.
Work and how quickly can it get to market now.
-- advice is very low cost to end the entire cast is on a little disposable strip.
And this strip.
Tests for pathogens.
In a matter of minutes.
As -- say this disposable and that's the equivalent of a 60000 dollar piece of elaborate laboratory equipment.
Again all on a small -- so I can identify pathogens and it can tell the operator how many.
Bacterium actually exist in the sample -- tested bill how much to those strips costs.
We have we're not in a market with this yet although we're about six months away.
And we estimated initial price point in low quantities of about a twenty dollars or less per test.
Well how fast can you get to market and that's the next question because if if it's six months out of and we it had outbreak after operate not -- the listeria.
But a particular E.
Coli a lot of -- up pathogens have been.
On vegetables on for it so how quickly do you think that you could actually get this disseminated -- -- is low cost which will be easy for farmers to purchase but how -- -- you distribute.
The stress.
Well that again we expect to be in a market in approximately six months we have a bit of for -- further at least packaging development for this chip.
The the actual detection platform has been fully developed and works handsomely.
What we're working -- now on now is the physical action packaging of the device as it would go into the hands of the user out in the field.
We have been constrained as a product of capital.
In adequate capital but that source of capital.
Has loosened up regretfully as a product of many of the growing incidence that.
Are occurring right now well and of course I capital loosen up as a result of you being on Fox Business so prepare for a lot of cash have a good -- but well cool -- coal.
But let me ask the role of the government if there is any yeah I mean what I love is that there's a private sector solution to a problem that.
Usually people look to the government for solutions but are you working with the FDA or any government -- agencies in in development of this.
No they're currently we are not we are working with private industry.
And in the industry as you probably well know -- He prefers to police.
It's it's challenges so.
For us it starts with the industry.
Bill was question is is really really quite what manufacturing capability do you have -- that was -- -- question about how can you get this -- And help bass when it was make -- that if you get demands from all over the country like David says can you make the product.
-- weekend we have relationships developed with several contract manufacturers.
Who specialize in high volume production.
Devices such as this things like cellphones and so forth.
Okay Billick tightest thank you very much bill and so -- we hope that we don't major product but if we do.
He couldn't prove safe for all those rich people out there who want to invest in this going to be I can food safety thank you very much bill absolutely.
Thank thank you thanks for visiting.
