Avery Dennison

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

RoadRunner Recycling helps predict recycling plans for businesses (such as hotels, mills, warehouses) by using algorithms and Artificial Intelligence (AI). While helping them recycle their waste, the company also offers scheduled and one-off waste pickup services for businesses in the US.The company claims that the usage of its services has on average allowed a 16% saving in waste and recycling expenditures for customers and increased diversion from landfills by threefold.The company operates a shared-savings business model, where it generates revenue based on the level of the customer’s savings. As of October 2022, the company has diverted over 300,000 tons of material from disposal across 12,000 accounts, saving customers nearly USD 50 million on waste and recycling services.In October 2022, RoadRunner acquired Compology, the world's largest waste and recycling smart metering technology company.Key customers and partnershipsRoadRunner Recycling partnered with Avery Dennison (a label and packaging materials company) in September 2020 to launch a scalable matrix recycling program to help Avery’s <a href="https://www.packagingtechtoday.com/news-headlines/avery-dennison-launches-matrix-recycling-program-with-roadrunner-recycling/label-tape/">label</a> converters achieve their zero-waste-to-landfill goals. Some of the company’s key customers are Boxer Property, Forman Mills, and the PM Hotel Group.&nbsp;Funding and financials&nbsp;In its latest funding round in <a href="https://sp-edge.com/updates/14646">November 2022</a>, the company raised USD 20 million funding in its extended Series D round led by Fifth Wall. The funds were expected to support growth of the company's core business, expansion of enterprise offerings, and strengthening the investments in technology, thus improving sustainability in the real estate sector.

Circ (previously known as Tyton Biosciences) recycles textile waste using its flexible hydrothermal processing technology that recycles a wide range of material waste, such as cotton, polyester, and polycotton according to customer specifications.As of November 2023, Circ has diverted 103 tons of textile waste and prevented 130,000 kg of CO2 emissions. By 2030, Circ expects to quintuple its capacity to 300,000 tons. Additionally, by 2026, Circ plans to open an industrial-scale factory by 2026 (capacity undisclosed) and expand globally to recycle 60,000 tons of textile waste annually.Key customers and partnerships• In September 2020, via Fashion for Good’s “Full Circle Textile” project, the company partnered with brands and retailers such as Kering and Target to promote using its recycled fiber (commonly known as cellulosic fiber).• In April 2023, the company partnered with <a href="https://sp-edge.com/updates/17742">Zara</a>, a Spanish multinational retail clothing chain, to release a line of women’s apparel made with recycled polyester and cotton fibers using Circ's hydrothermal process.• In June 2023, the company partnered with <a href="https://sp-edge.com/updates/19278">Acegreen</a> Eco-Material Technology, a Taiwan-based fiber manufacturer, to manufacture filament lyocell and collaborate on research and development projects.• In September 2023, the company partnered with <a href="https://sp-edge.com/updates/21673">Vivobarefoot</a>, a footwear company, to develop circular performance footwear.• In October 2023, Circ collaborated with <a href="https://sp-edge.com/updates/22952">Mara Hoffman</a> to create a luxury garment using Circ's lyocell.• In February 2024, the company partnered with material innovator <a href="https://sp-edge.com/updates/26733">Pyratex</a> to advance sustainable textile production and recycling.Funding and FinancialsIn <a href="https://sp-edge.com/updates/16785">March 2023</a>, the company raised USD 25 million in an extended Series B funding round backed by Zalando, Avery Dennison, and Youngone to accelerate its engineering expansion and deliver its first consumer products to market.

Tech solutions for achieving global anti-wastage targets

Food Waste

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 Based in Israel, Wiliot provides self-powered sensor tags that look like stickers and can be attached to medicine, food, or agricultural products. These tags provide the manufacturer or retailer with product information such as location, humidity, and freshness. The information is stored on a cloud that users can access via the Wiliot platform and receive real time transparency updates. Wiliot claims that its sensing stickers can reduce food waste by 40%. 
 
 
 The company operates a Sensing-as-a-Service business targeting food brands and retailers. The first version of the sensor tag, called Wiliot V1.0, was launched in 2019. In 2020, the tags were further developed to integrate with bluetooth devices and improve the ability to access information from devices that have bluetooth connectivity. In November 2021, the V2.0 upgraded version of the tag was unveiled, which enhanced versatility and accuracy of the product. The company is planning to provide the tags at a cost of USD 500 per developer kit and is working with large retail companies to commercialize its product and is expecting to mass produce by the end of 2021. 
 &nbsp;In 
 <a href="https://sp-edge.com/updates/15615">
 January 2023
 </a>
 , Wiliot announced the launch of its Innovation Kit, which helps to track the location and temperature of a range of goods.
 
 
 In July 2021, the company raised USD 200 million in an oversubscribed Series C funding round led by Softbank&rsquo;s Vision Fund 2. Existing investors such as 83North, Amazon Web Services, Avery Dennison, and Verizon also joined the round. Following the funding round, the company is estimated to be valued at USD 1 billion. The new funds are expected to be used to expand its team at Caesarea, build a new R&amp;D facility in Tel Aviv, and scale distribution channels to launch its Version 2 self-powered tags. Wiliot also has plans to expand services to new markets such as Japan and Europe. 
 
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Next-gen Displays

Gauzy is a global leader in vision and light control solutions, specializing in the development, manufacturing, and marketing of smart glass technologies. The company's core product offerings include Polymer Dispersed Liquid Crystal (PDLC) and Suspended Particle Device (SPD) technologies, which enable glass to switch between transparent and opaque states on demand. These technologies find applications in various industries, including automotive, aerospace, architecture, and marine sectors. Gauzy's smart glass solutions offer benefits such as privacy control, shading, solar control, and the ability to create high-contrast switchable transparent displays. In February 2022, Gauzy acquired Vision Systems, a French company specializing in Advanced Driver Assistance Systems (ADAS) and shading solutions, for USD 60 million. This acquisition expanded Gauzy's product portfolio to include camera-based image analysis, monitoring systems, and innovative smart mirrors. The company's technologies are designed to enhance safety, comfort, and sustainability across different applications. Gauzy reported revenue of USD 78 million for the 12 months ended December 31, 2023. In April 2024, the company filed for an initial public offering (IPO) on the Nasdaq, aiming to raise up to USD 75 million.
Key customers and partnerships
Gauzy serves leading brands in over 50 countries through direct fulfillment and a network of over 70 certified industrial partners. The company's customer base spans various industries, including automotive, aerospace, and construction. Notable customers include LG Display, BMW, Texas Instruments, Gensler, Clestra Hausermann, HondaJet, Airbus, Silver Arrow Marine, Fritzmeier, and Prevost. In the automotive sector, Gauzy has been working with several carmakers to integrate its light control glass technologies into their vehicles. The company has also established strategic partnerships with industry leaders such as Avery Dennison and Hyundai. In a significant development, LG Display nominated Gauzy to integrate its technology into LG's Transparent OLED stack, as showcased at IAA 2021 and CES 2022.

Next-gen packaging solutions for enhanced product tracking, inspection solutions and freshness monitoring

Smart Packaging Tech

Based in Israel, Wiliot is a company specializing in ambient IoT solutions for package traceability and analytics. Utilizing innovative IoT Pixel technology, Wiliot enables real-time monitoring and data collection from products, offering insights into their location, condition, and authenticity. Its IoT Pixels, which are small tags powered by harvested radio frequency energy or thin-printed batteries, securely transmit encrypted data to existing Bluetooth devices. This data is then analyzed on Wiliot's cloud-based platform, which employs machine-learning algorithms to provide valuable insights throughout the product lifecycle, from manufacturing to recycling. Wiliot's solutions have vast applications across various industries, including CPG and grocery, apparel and soft goods, post and parcel, and quick-service food restaurants.In <a href="https://sp-edge.com/updates/32717">August 2024</a>, Wiliot launched WiliBot, a GenAI chatbot that interacts with IoT-connected products. It’s part of Wiliot’s ambient data platform, which uses small, self-powered IoT pixels to track items in the supply chain. Key customers and partnershipsIn February 2022, the company partnered with Identiv, a global provider of IoT digital security and identification solutions, to deliver Bluetooth IoT pixels for the mass IoT market and create an ecosystem of digital products in healthcare and smart packaging. In May 2022, the company partnered with Avery Dennison, a provider of innovative packaging material solutions, to design and manufacture second-generation Wiliot tags. In addition, the companies have integrated Wiliot's sensing services with Avery's connected product cloud, enabling the tag's sensing information to be added to a connected product's item-level data.Funding and financialsIn July 2021, the company raised USD 200 million in a Series C funding round led by SoftBank Vision Fund 2 to support further platform development.

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

Headquartered in Caesarea, Israel, Wiliot opeates in the Internet-of-Things (IoT) sector, focusing on bringing connectivity and intelligence to everyday products. The company has developed a platform called the ambient IoT Visibility Platform, which connects the digital and physical worlds through its IoT Pixels. These IoT Pixels are stamp-sized, self-powered compute devices that cost only pennies. They can attach to any product or packaging and transmit real-time item- and case-level information about location, temperature, humidity, and even carbon footprint. The platform allows companies to gain unprecedented visibility into their supply chains, enabling them to improve efficiency, reduce waste, ensure product safety, and optimize operations.Wiliot's IoT Pixels harvest radio frequency energy from surrounding sources like Bluetooth devices and Wi-Fi routers, eliminating the need for batteries. They communicate using Bluetooth Low Energy (BLE) and connect to the internet through existing infrastructure like smartphones, tablets, or bridge devices. The collected data is then processed in Wiliot's Cloud, where advanced algorithms and analytics generate actionable insights.In addition to location and environmental sensing, Wiliot's platform can also detect events like fill levels, dilution, and tampering, making it valuable for industries like pharmaceuticals, food, and retail. The company has successfully deployed its technology for applications such as vaccine vial monitoring, produce freshness tracking, and retail inventory management.In August 2024, the company <a href="https://sp-edge.com/updates/32817">introduced</a> WiliBot, a GenAI chatbot that enables natural language conversations with ambient IoT-connected products in supply chains. The solution allows businesses to interact with their products and supply chains by asking questions about shelf life, product journey, stocking recommendations, safety, and carbon footprint. The company is currently piloting WiliBot with key enterprise customers, with a broader rollout planned for late 2024 and into 2025.Key customers and partnershipsWiliot serves a diverse range of industries including consumer packaged goods (CPG), retail, and healthcare. The company works closely with companies like Avery Dennison and Identiv, along with infrastructure providers and system integrators to deliver end-to-end solutions.Wiliot also collaborates with software companies like iFoodDS and Trustwell to integrate its ambient IoT data into their food safety and compliance platforms, enabling automated traceability and adherence to regulations like the FDA's Food Safety Modernization Act (FSMA) Rule 204.

Circ helps industries meet consumer expectations for sustainability without compromises in quality, price, or convenience. It recycles discarded clothing to produce the basis of petroleum- and plant-based fabrics. Tyton’s virgin-equivalent, market-grade dissolving pulp, and petroleum monomers can be sold at the same cost as virgin materials to manufacturers who make fibers. Whether cotton, poly-cotton, polyester, nylon, or other fibers, it aims to cost-effectively recycle these materials using water as a solvent.  It was founded in 2011 and is headquartered in Danville, Virginia.

Modern Milkman is a return-and-reuse grocery delivery service on a mission to reduce waste. Modern Milkman delivers fresh milk, groceries, and household products to customers' doors – in returnable glass bottles, reusable containers, or recyclable packaging. Modern Milkman is on a mission to revolutionize consumer habits by delivering fresh ways to return and reuse packaging, shop ethically, and feel good about convenience.

Gauzy is a world leading vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology. As the only company in the world working with two of the three active light control technologies, SPD and PDLC, Gauzy is a true pioneer in its field.   LCG® nanotechnologies allow glass to change from transparent to varying degrees of opaque on demand for privacy, custom shading, solar control, and transparent displays in the spaces where you spend your time most. Smart glazing enabled by Gauzy is revolutionizing the way light is perceived, transforming any window into an active material.   Headquartered in Tel Aviv, Gauzy has subsidiaries in both the US and Germany, and is upheld by its global presence: two dedicated production facilities and R&D centers in Israel and Germany, Three US Sales and Distribution Centers, Sales and Marketing Offices in China, sales managers that cover all continents, and a global distribution network of over 60 certified partners that bring LCG® to automotive and architectural customers in over 40 countries. Gauzy LCG® is used by global brands including Crowne Plaza, Deloitte, Intel, WeWork, The Ritz Carlton, OUE, and more.   Gauzy’s technology bridges the gap between science and our everyday lives as chemistry is paired with static transparent materials. So who is Gauzy? The innovators. The creators. The thinkers. The scientists. The people touching lives and making you experience your life differently: through light.

Wiliot is bringing connectivity and intelligence to everyday products and packaging; things previously disconnect from the Internet of Things. The Wiliot Platform combines cloud services and IoT stickers, computing elements that can power themselves by harvesting radiofrequency energy. This revolutionary mixture of cloud and semiconductor technology is being used by some of the world’s largest brands, food, and pharmaceutical companies to change how we make, distribute, sell, use and recycle products.

RoadRunner Recycling provides tech-powered solutions for commercial waste recycling which helps businesses lower recurring costs. This makes waste and recycling significantly more efficient for commercial waste generators. They do this through innovative logistics solutions that cut fuel costs and carbon emissions by 80%, and by focusing on extracting the maximum value from materials. The end result is significant cost savings for businesses, as well as improved environmental performance. RoadRunner Recycling was founded in 2014 and is based in Pittsburgh, Pennsylvania.

Pragmatic is a ultra-low-cost flexible electronics. Their flexible integrated circuits (FlexICs) are thinner than human hair and can be invisibly embedded in objects, enabling innovators to create novel solutions to everyday problems that are not practical with conventional electronics. Designers can create their own application-specific flexible devices using our FlexIC Foundry® service at a fraction of the cost and time required for traditional silicon circuits, opening up multiple new markets. We also offer standard FlexIC products that extend proven applications such as RFID and NFC into mass market use cases, enabling the potential for trillions of smart objects that can engage with consumers and their environments. All FlexICs are manufactured on our revolutionary FlexLogIC® production system, a highly scalable manufacturing model for cost-effective high-volume production, achieved with orders of magnitude lower capital investment and operating cost compared to a traditional silicon IC fab. Our novel, differentiated technology is being adopted by a growing base of global companies across diverse markets, including consumer goods, retail, healthcare, pharmaceutical, gaming and security. Pragmatic is headquartered in Cambridge, UK, with our first billion-unit production facility in Sedgefield. Shareholders include Cambridge Innovation Capital, Arm and Avery Dennison.

Founded in 2015, VeriSolutions is an early stage Internet of Things (IoT) technology business that has designed and developed a hardware enabled software platform for restaurants. The platform includes a restaurant operations software suite and a cold-chain solution which consists of a hardware component (sensors to monitor food temperature) and a cold chain management software component.

Wrapify is an omni-channel advertising company for brands powered by the gig-economy. With a powerful combination of OOH, digital, and the gig economy, Wrapify empowers Fortune 500 brands to reach audiences in an omnichannel environment while delivering measurable, actionable analytics to prove its effectiveness. This high-recall ad tech platform combines the impact of out of home advertising with the scalability, targeting, and accountability of digital.  Brands including AT&T, Coca-Cola, and Salesforce reach and engage audiences that interact with Wrapified vehicles across channels and devices, driving awareness, attribution, and conversion. It enables brands to target and scale ad campaigns nationwide, across screens and channels, as well as access to data in real-time to measure performance.  200,000+ drivers in the US use the Wrapify app to earn extra income simply by driving.  Founded in 2015 and recently named #309 on the 2019 Inc. 500, Wrapify is headquartered in San Diego, CA.

Avery Dennison Corporation (Avery Dennison), is engaged in the production of pressure-sensitive materials, and a variety of tickets, tags, labels other converted products, and office and consumer products through embossing, printing, stamping and die-cutting. The Company operates in two segments: Pressure-sensitive Materials and Retail Branding and Information Solutions. In addition to its reportable segments, the Company has other specialty converting businesses comprised of Vancive Medical Technologies (Vancive) and Designed and Engineered Solutions (DES). Some are sold by the Company in converted form as printable media, tapes and reflective sheeting. In July 2013, Avery Dennison Corp completed the sale of its Office and Consumer Products and Designed and Engineered Solutions businesses to CCL Industries Inc.

<div> Avery Dennison (NYSE: AVY) is a Fortune 500 corporation and a global player in materials science and digital identification solutions. Its global clientele spans sectors such as home and personal care, apparel, ecommerce, logistics, food and grocery, pharmaceuticals, and automotive. Avery Dennison traces its origins back to 1935 when it was founded by Ray Stanton (&quot;Stan&quot;) who patented the very first self-adhesive die-cut labeling machine. In 1990, the company came into existence through a strategic merger between Avery International and Dennison Manufacturing. Avery Dennison was first traded on the NYSE in June 1967 and generated USD 8.4 billion in revenue in 2023. &nbsp; The company focuses on materials science and manufacturing, with a specialization in creating a diverse range of labeling and functional materials. With a workforce of approximately 35,000 employees spread across more than 50 countries, its offerings encompass branding and information labeling solutions such as pressure-sensitive materials and radio-frequency identification (RFID) inlays and tags as well as software applications that connect the physical and digital. Avery Dennison's revenue is evenly distributed between the US (~31% of total revenue in 2023), Asia (~30%), and Europe (~28%). The company&rsquo;s strategic objectives include efforts to increase the proportion of its portfolio dedicated to high-value products and solutions. There is particular emphasis on expanding its Intelligent Labels solutions employing RFID tags and inlays. The company plans to reach net zero emissions by 2050. </div>

Avery Dennison Stock Outlook: Is Wall Street Bullish or Bearish?

Companies that offer computer vision systems to identify packaging errors and damages during production. Also includes companies that use 3D printing and AI-powered softwares to create packaging in all shapes and sizes.

Companies that provide solutions to improve package safety and security featuring traceability, anti-counterfeit and analytics solutions. Covers companies that  use technologies such as QR codes, radiofrequency (RF) and Near-Field Communication (NFC) tags.

Companies that sell or provide ‘as-a-service’ reusable packages  that can be used multiple times before recycling.

Packaging that can heat or chill contents when a user requires it, without external heat sources or power - typically using a chemical reaction

Platforms that connect providers of packaging solutions with customers online.

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 Avery Dennison has released their AD Minidose U9XM Ultra-High-Frequency (UHF) and Radio-Frequency Identification (RFID) high-memory inlays and tags. Developed for small healthcare and pharmaceutical items, the products are adaptable to items like syringes, vials, and different packaging formats.
 These new inlays and tags, in compliance with ARC Category S, are counted among the smallest available with an increased memory capacity. They possess the capability to store extra information related to the product, such as expiry dates and batch/lot details.
 The company alleges that their newly introduced inlays and tags will bolster efficient and reliable tracking within the supply chain. It assists in verifying product authenticity, thus reducing the chances of counterfeit products, and aids in amplifying patient safety and the quality of care. The firm also guarantees high read reliability and heightened performance, even when small tagged items are placed closely together.
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Avery Dennison

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