Neogen partners with Hinalea Imaging on hyperspectral food safety testing
NEOG•Neogen entered a strategic collaboration with Hinalea Imaging to advance real-time, non-destructive food safety testing. The company expects new product innovation to add $100 million in incremental revenue by FY2031.
1. Testing collaboration
Neogen and Hinalea Imaging will advance hyperspectral imaging for real-time, non-destructive food safety testing at the point of processing. The collaboration supports connected digital workflows alongside Neogen Analytics, which Neogen says can increase recurring revenue and customer retention.
2. Revenue expectation
Neogen expects new product innovation to add $100 million in incremental revenue by FY2031.
