Market Overview

Tyson Foods Selects FoodLogiQ to Connect Supply Chain

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Leading protein-focused food company will leverage FoodLogiQ's
supplier management and reporting solutions

FoodLogiQ,
the leading SaaS provider of food safety compliance, whole chain
traceability, and supply chain transparency solutions, announced today Tyson
Foods
has selected its FoodLogiQ Connect's Manage + Monitor product
for global supply chain visibility, streamlined supplier management, and
quality issue tracking and reporting.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005136/en/

Tyson Foods boasts some of the most recognized brands on grocery store
shelves today, including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball
Park®, Wright Brand®, Golden Island®, Aidells®, and State Fair®, just to
name a few.

Tyson Foods' selection of FoodLogiQ Connect for its supplier management
needs was a natural progression of a developing relationship, according
to Dr. Scott Stillwell, Senior Vice President of Food Safety and Quality
Assurance for Tyson Foods, Inc. Tyson Foods' food safety team recently
joined a number of well-known food industry leaders as a participant in FoodLogiQ
Lab's new Blockchain pilot
. Meanwhile, the Tyson Ventures team, the
venture capital arm of Tyson Foods, is one
of several prestigious companies to provide investor funding to
FoodLogiQ during its B round of investment
. Both teams were
impressed by the FoodLogiQ product and its focus on mapping the world's
food supply chain.

"Tyson Foods and FoodLogiQ are aligned in our commitment to food
quality, safety and transparency," says Stillwell. "We're both
innovators within the food industry, always staying in front of emerging
food and technology trends, and both believe in providing superior
products to our customers. Tyson Foods strives to work with business
partners who help us elevate and enhance our performance, and we look
forward to working with FoodLogiQ."

Tyson Foods will utilize the FoodLogiQ Connect platform to:

  • Centralize supplier documentation to meet Tyson's corporate quality
    standards and to facilitate new product evaluations.
  • Track and report on quality issues across their supply chain and
    address those issues with suppliers directly to drive product quality.
  • Leverage data-driven reporting to help make informed decisions about
    food quality issues, supplier performance and expiring documents.

"The name Tyson Foods is synonymous with excellence, and we are proud to
add their company to our growing list of customers answering the call
for greater transparency from their consumers," said Katy Jones,
Executive Vice President of Sales and Marketing of FoodLogiQ. "The ease
of use of the FoodLogiQ platform will allow Tyson Foods to realize a
return on investment by creating efficiencies in their supply chain
while also providing the visual and analytical reporting that will drive
strategic decisions for their business."

Tyson Foods joins the ranks of FoodLogiQ customers that include Buffalo
Wild Wings
, CAVA, Chipotle
Mexican Grill
, CKE Restaurants, Compass Group USA, Five
Guys Burgers and Fries
, IPC/SUBWAY,
Hain-Celestial and Whole Foods Market, as well as hundreds of growers,
co-packers and produce marketers.

For more information, please visit www.tysonfoods.com
and www.foodlogiq.com.

About Tyson Foods

Tyson Foods Inc. (NYSE:TSN) is one of the world's largest food
companies and a recognized leader in protein. Founded in 1935 by John W.
Tyson and grown under three generations of family leadership, the
company has a broad portfolio of products and brands like Tyson®, Jimmy
Dean
®, Hillshire Farm®, Ball Park®, Wright®, Aidells®,
ibp® and State Fair®. Tyson Foods innovates continually to
make protein more sustainable, tailor food for everywhere it's available
and raise the world's expectations for how much good food can do.
Headquartered in Springdale, Arkansas, the company has 122,000 team
members. Through its Core Values, Tyson Foods strives to operate with
integrity, create value for its shareholders, customers, communities and
team members and serve as a steward of the animals, land and environment
entrusted to it. Visit WWW.TYSONFOODS.COM.

About FoodLogiQ

FoodLogiQ® LLC is a leading SaaS provider of food safety compliance,
traceability, and supply chain transparency solutions. We help
restaurant operators, food retailers and other food companies achieve
end-to-end traceability while supporting safe and high quality food
products across the supply chain. FoodLogiQ Connect is an online
supplier community used by food companies to manage quality, safety,
audit, regulatory compliance and traceability needs across their supply
chains. To meet mounting regulatory requirements and consumer demands
for transparency, food companies are leveraging FoodLogiQ Connect to
validate supplier compliance with food safety and act with confidence in
the event of a food safety or quality issue. To request a demo, please
visit http://www.FoodLogiQ.com/demo

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