PALO ALTO, CALIFORNIA—  Xerox continues to try to diversify out of its dependence on toner and the printing industry . Xerox’s PARC Spins Out New Company Focused on Addressing Cold Supply Chain and Food Storage. PARC, a Xerox company, announced today the spin out of EverCase, a new start-up incubated at PARC that aims to disrupt the global cold supply chain technology and food storage markets by extending the shelf-life of meats, seafood and produce. EverCase is a device that sits inside freezers and keeps food subzero without any ice crystals forming, allowing the food to retain its original quality and texture. EverCase works with freezer infrastructure, using pulsed electric and oscillating magnetic fields to keep food at a temperature below freezing without actually freezing the food. The technology is safe, chemical free and inexpensive to make. Speculation that Xerox could be the target of a take over bid or parts could be sold off.