AKDI-OVN-0001

LABI LTD. GAS-FIRED LONG TUNNEL OVEN
DAG Asset ID: AKDI-OVN-0001
Certification Status: Verified Industrial Asset
Asset Status: Active / Installed / Verified
Verification Date: March 2026

ASSET OVERVIEW

The Labi Ltd. Gas-Fired Long Tunnel Oven is a custom-engineered industrial baking system designed for continuous, high-volume pita bread and flatbread production. The oven utilizes a multi-zone direct-fired natural gas heating system and a continuous stainless steel wire mesh conveyor to support consistent throughput, bake quality, and product uniformity.

The system is configured for large-scale bakery production and includes approximately 49 burners across multiple heating zones, integrated burner assemblies, conveyor drives, exhaust systems, combustion blowers, dampers, ignition controls, and product feed/discharge sections.

COLLATERAL POSITIONING

This asset represents a large-scale industrial bakery system with significant replacement cost and installed operational value. Due to its size, utility integration, and production role, the oven supports meaningful collateral value within secured equipment financing structures.

While secondary market demand for custom tunnel ovens is more specialized than for smaller production equipment, the installed nature, production capability, burner configuration, and replacement cost support strong fair market and orderly liquidation values.

ASSET IDENTIFICATION

Manufacturer: Labi Ltd.
Model: Direct Fired Tunnel Oven (Custom System)
Drawing Reference: 16-90246
Original AKDI Asset Tag: 0251
Equipment Type: Industrial Tunnel Oven / Continuous Bakery System
Fuel Type: Natural Gas
Heating System: Multi-Zone Direct Fired Burner System
Burner Count: Approximately 49 Burners
Electrical Service: 460V / 3 Phase
Conveyor Width: 44.5-inch Wire Mesh Belt
Estimated Length: Approximately 122 Feet

OWNERSHIP & LOCATION

Legal Owner: American Kitchen Delights, Inc.
Facility Operator: American Kitchen Delights, Inc.
Facility Location: Harvey, Illinois
Physical Address: 15320 Cooper Ave, Harvey, IL 60426
Operational Status: Installed and configured for commercial bakery production

FINANCIAL & CAPITAL STRUCTURE

Estimated Replacement Cost New: $2,500,000 - $3,500,000 USD
Current Condition: Installed, operational, and integrated into production workflow

Estimated Fair Market Value (FMV): $750,000
Estimated Orderly Liquidation Value (OLV): $560,000
Estimated Forced Liquidation Value (FLV): $400,000

OWNERSHIP & ENCUMBRANCE STATUS

This asset is owned free and clear by American Kitchen Delights, Inc.

No active equipment-specific financing arrangements, UCC liens, or secured lender interests are currently identified against this asset based on available records.

SECURED PARTY DISCLOSURE

Additional blanket liens or security interests may exist at the corporate level, including those held by institutional lenders, which may extend to general assets of the debtor.

PAYOFF STATUS

This asset is believed to be fully paid off and unencumbered.

OPERATIONAL ROLE WITHIN AKDI

The Labi tunnel oven serves as a core production asset within AKDI’s bakery operations and supports continuous manufacturing of pita bread, flatbread, and related baked products.

The system is integral to AKDI’s high-volume production capability and provides scalable throughput for commercial foodservice, retail, and private label programs.

VERIFICATION & REGISTRY

DAG Certificate Number: DAG-2026-0001
Registry URL: dagassets.com/AKDI-OVN-0001
Verification Method: QR Code Enabled / Digital Registry Record

This asset has been physically verified, photographed, documented, and registered under the DAG Asset Registry system. Supporting documentation includes photographs, engineering drawings, and electrical schematics.

DAG ASSET CLASSIFICATION

Asset Class: Industrial Food Processing Equipment
Category: Bakery / Thermal Processing Equipment
Registry Tier: Verified Operational Asset
Jurisdiction: Illinois, USA

DISCLAIMER

This registry record is provided for informational and verification purposes only. Asset details are based on documentation and physical inspection at the time of registration. Financing structures, lien positions, and ownership interests may be subject to change. Independent verification is recommended for any financial or legal reliance.