Lotte Confectionary Co. Ltd and Aspire Sign Mou for Product Sales, Distribution, R&D, and Opportunities for Expansion
for the production and processing of cricket species approved for consumption in Korea. Aspire and LOTTE Confectionary will work together on certain R&D activities including the farming of insects for food and feed and the nutritional and functional value of insects as an alternative food and feed source. The visit of LOTTE Confectionary was led by Mr. Young goo Lee. The senior delegation of LOTTE representatives toured Aspire's new commercial facility in London, Ontario. A signing ceremony was held at the plant. The new facility showcases advanced industrial lights-out automation, distributed IoT data collection, robotics, and
an internationally recognized AI solution developed specifically for the production process.