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  • TrustBIX is joining forces with Riz Global Foods to provide traceability for Riz Global's halal lifestyle products using the company's BIX platform
  • The halal economy is one of the fastest growing consumer segments in the world
  • Riz Global Foods provides fully integrated comprehensive value chain management solutions
  • TrustBIX provides agri-food traceability by addressing consumer and agri-food business demands
  • TrustBIX (TBIX) is down 3.45 per cent and is trading at $0.42 per share

TrustBIX is joining forces with Riz Global Foods to provide traceability for Riz Global's halal lifestyle products using the company's BIX platform.

The global halal market is no longer confined to food and food-related products and has expanded to include pharmaceuticals, cosmetics, health products, toiletries and medical devices.

The halal economy is one of the fastest-growing consumer segments in the world.

Riz Global is creating a "Halal Commerce Gateway" to support demand for lifestyle products for halal consumers in Canada and the global market.

TrustBIX CEO Hubert Lau commented,

"Both parties look forward to future collaboration in the area of sustainability, halal production and practices, as well as sourcing and validation of certified halal food and lifestyle products. This agreement allows us to continue to grow our BIX platform as we move forward with our global expansion plans."

BIX, the Business infoXchange System, is designed to create trust without compromising privacy through innovative use of data and technology.

Using BIX, TrustBIX can deliver independent validation of food provenance and sustainable production practices within the supply chain.

Syed Ali, President and CEO of Riz Global, commented,

"There is a strong desire within Riz Global to partner with an innovative and proven technology leader like TrustBIX, to improve and support efficiency and operational excellence while positioning our company as a leader in the certified halal food and lifestyle industry."

Syed Ali will act in an advisory capacity to TrustBIX on all certified halal food and lifestyle technology initiatives.

Riz Global Foods provides fully integrated comprehensive value chain management solutions for its Canadian and international customers, vendors, and value chain partners.

TrustBIX provides agri-food traceability by addressing consumer and agri-food business demands.

TrustBIX (TBIX) is down 3.45 per cent and is trading at $0.42 per share as of 9:35 am ET. 

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