OptiCept Technologies AB (publ) announced that it has received an order valued at approximately SEK 60 million. The order has a guaranteed minimum value of SEK 43.5 million. The purchaser is FPS Food Process Solutions ("FPS"), a partner in PEF technology for solid foods.

After successful verification, FPS is placing this order to meet market demand. The order pertains to PEF units for solid foods, which will be called off within a maximum of 12 months. OptiCept's partner FPS has rapidly grown to become one of the world's largest producers of complete potato lines.

In the autumn of 2023, OptiCept entered into a partnership with the Canadian company FPS to jointly develop, manufacture, and sell PEF applications to the solid food industry, with a particular focus on potato processing. Successful verification of the technology delivered by OptiCept Technologies at FPS's innovation center preceded the record order. PEF technology is a non-thermal food processing method that uses short high-voltage pulses of electrical energy.

By implementing PEF in the production of potato products such as French fries, the potatoes become significantly easier to cut, the cutting surface becomes smoother, and less oil is absorbed. The global market for processed potatoes is valued at over 85 billion annually and is expected to grow significantly in the coming years. Of all the potatoes produced globally, 60 to 70% are used for processed products.

Based on the estimated number of processing lines and the average selling price of a PEF unit, OptiCept estimates that the addressable global market corresponds to a value of approximately EUR 3 billion.