MeTech Holdings (hereinafter referred to as MeTech), a startup specializing in livestock methane gas research, announced on the 7th that it has acquired a 51% stake in digital livestock company uLikeKorea (hereinafter referred to as uLike) and acquired management rights.
With this management acquisition, Metec plans to strengthen its competitiveness in the livestock healthcare and low-carbon markets by combining its world-first ‘Methan Capsule’ technology with Ulike’s biocapsule ‘LiveCare’. In addition, by utilizing Ulike’s 30 or so patents and over 1.3 billion pieces of livestock biodata, it has laid the foundation to simultaneously target global livestock powerhouses such as Brazil, the US, Denmark, and Australia.
Ulike Korea is a livestock healthcare company that developed the oral IoT bio-capsule 'Livecare'. Through this technology, it collects accurate bio-information from the rumen of cattle and operates a platform that provides real-time health management services through artificial intelligence (AI) analysis. This technology has already been introduced to about 8 countries overseas and is playing an important role in livestock health management.
Metec also developed the 'Methane Capsule', a device that can detect methane gas generated inside the stomach of cattle, and possesses the world's first technology to measure and reduce methane gas. Through this, Metec is providing the data required for low-carbon certification and commercializing technology to reduce methane gas in livestock.
Park Chan-mok, CEO of Metek Holdings, said, “We have acquired a 51% stake in Ulike and become the largest shareholder, and we plan to actively advance into the US and Brazilian markets in cooperation with Ulike Korea going forward.” He added, “We plan to apply the livestock history management system to over 1 million heads in conjunction with the Green Seal Project promoted by the Brazilian Lula government, and we will actively pursue Series A investment attraction within the first half of the year.”
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