Agtech

Gibraltar to Record Fourth Quarter 2022 Charge for Processing Business Write-Down

Retrieved on: 
Tuesday, January 31, 2023

The revenue range of $1.38 billion to $1.43 billion and adjusted EPS range of $3.30 to $3.40 for the year ended December 31, 2022 are unaffected by the write-down.

Key Points: 
  • The revenue range of $1.38 billion to $1.43 billion and adjusted EPS range of $3.30 to $3.40 for the year ended December 31, 2022 are unaffected by the write-down.
  • Chairman and CEO Bill Bosway stated, “The depressed dynamics of the cannabis and hemp processing equipment market led us to pursue a divestiture of these assets.
  • Gibraltar plans to release its fourth quarter 2022 financial results at approximately 7:30 a.m.
  • For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.

Lithuanian company AUGA Group launched the first batch of a new hybrid tractor

Retrieved on: 
Thursday, February 16, 2023

VILNIUS, Lithuania, Feb. 16, 2023 /PRNewswire/ -- The Agtech company and organic food producer AUGA group today officially launched its hybrid tractor, AUGA M1, for professional use from the first batch of production.

Key Points: 
  • VILNIUS, Lithuania, Feb. 16, 2023 /PRNewswire/ -- The Agtech company and organic food producer AUGA group today officially launched its hybrid tractor, AUGA M1, for professional use from the first batch of production.
  • Compared to diesel-powered analogues, one such tractor reduces carbon dioxide emissions by up to 100 tonnes a year, AUGA group data shows.
  • The tractors from this first production batch will start their work on farms already in 2023," says Kęstutis Juščius, the CEO of AUGA group.
  • According to the CEO, AUGA group received proposals to manufacture the first batch of tractors not only from Lithuania, but also from foreign manufacturers.

SBA Announces Informational Webinars for 2023 Growth Accelerator Fund Competition

Retrieved on: 
Thursday, February 2, 2023

Washington D.C., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration announced virtual events will be held for applicants for its seventh Growth Accelerator Fund Competition (GAFC).

Key Points: 
  • Washington D.C., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration announced virtual events will be held for applicants for its seventh Growth Accelerator Fund Competition (GAFC).
  • “SBA’s impactful Growth Accelerator Fund Competition provides prizes to entrepreneurial support organizations (ESOs) that serve as catalysts for our thriving, inclusive national innovation ecosystem,” said Bailey DeVries, Associate Administrator of Investment and Innovation.
  • I encourage ecosystem builders and entrepreneurial support organizations with great ideas to accelerate growth and drive for innovation to apply as soon as possible.”
    Entrepreneurs interested in applying for the Growth Accelerator Competition are encouraged to join one of the informational online webinars.
  • The online webinars will provide information on the competition and will facilitate connections between ESOs and potential partners working on similar themes across the nation.

FBN® Partners with Boveta Nutrition™ to Launch Proprietary Feeding System for Beef Cattle to Reduce Feeding Costs in the Beef Industry

Retrieved on: 
Friday, January 27, 2023

Plus, the health of the cattle and their overall performance has gone up greatly,” says Row.

Key Points: 
  • Plus, the health of the cattle and their overall performance has gone up greatly,” says Row.
  • A team of experienced FBN nutritionists, led by Dr. Monty Kerley, will help bring the industry-leading system to the market.
  • We’re thrilled to be partnering with Boveta to help change the beef feed industry," says Luiz Beling, president of FBN Direct.
  • According to the USDA Economic Research Service, prices for beef cattle feed were up 16% in May 2022 relative to May 2021.

Post Harvest Technologies Announces Executive Promotion

Retrieved on: 
Wednesday, January 25, 2023

Nick Stoll has been named Chief Administrative Officer (CAO) of Post Harvest Technologies, Inc. (PHT) and its subsidiary companies, all of which are aligned in the Cold Storage and Pre-Cooling space.

Key Points: 
  • Nick Stoll has been named Chief Administrative Officer (CAO) of Post Harvest Technologies, Inc. (PHT) and its subsidiary companies, all of which are aligned in the Cold Storage and Pre-Cooling space.
  • “I am delighted to install Nick Stoll as our new Chief Administrative Officer,” said Jim White, PhD, Chairman and CEO of Post Harvest Technologies.
  • He served Growers Ice Company, one of our portfolio companies, as Controller for many years before becoming Corporate Controller of PHT.
  • “I look forward to contributing to Post Harvest Technology’s mission of excellence and maintaining our title as the nation’s winning team in Cold Storage and Pre-Cooling.”
    Dr. Jim White is founder and CEO of PHT Investment Group LLC, as well as Chairman and CEO of Post Harvest Technologies, Inc. and Growers Ice Company, Inc.

Greeneye Technology Precision Spraying System and FBN® Announce Strategic Collaboration: FBN to Invest in Greeneye and Partner as a Sales Channel to Fuel US Growth

Retrieved on: 
Wednesday, January 25, 2023

TEL AVIV, Israel and SAN CARLOS, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Greeneye Technology, the pioneer of AI precision ag spraying technology, and Farmers Business Network (FBN®), the global AgTech platform and farmer-to-farmer network, today announced they have entered into a long-term strategic collaboration agreement to help farmers reduce weed control costs and drive profitability by combining Greeneye’s retrofit precision spraying systems and FBN’s Precision Spraying Packs–customized crop protection and nutrition plans which FBN is developing for use specifically with the Greeneye technology–and financing offerings. The program will launch first in the U.S for the 2024 growing season.

Key Points: 
  • FBN will continue robust on-farm trials and data gathering to develop Precision Spraying Packs – combinations of crop protection, biologicals, and adjuvants – for use with the Greeneye system to optimize both efficacy and cost saving.
  • FBN will also offer financing for both the Greeneye system and its Precision Spraying Packs.
  • Nadav Bocher, Co-founder and CEO of Greeneye Technology, added: “Today’s announcement marks a major milestone in Greeneye and FBN’s shared mission to unlock the profit potential precision spraying offers growers.
  • For that we could not have asked for a better partner than FBN.”

Major Players in AgTech Merge

Retrieved on: 
Tuesday, January 24, 2023

Growers Custom Equipment, LLC, headquartered in Yuma, AZ., and Facilities Management Group, LLC, of Salinas, have merged effective January 1, 2023.

Key Points: 
  • Growers Custom Equipment, LLC, headquartered in Yuma, AZ., and Facilities Management Group, LLC, of Salinas, have merged effective January 1, 2023.
  • It custom designs, engineers and manufactures products, reaching end users nationwide.
  • Its array of cooling systems includes hydrocoolers, vacuum tubes, ice injectors, and ice storage units.
  • GCE’s sister company, Facilities Management Group, provides service, maintenance, repairs, parts sales, consulting, and operational expertise for facility operators in the cold storage industry.

Jim Collins Joins Vestaron Board of Directors

Retrieved on: 
Tuesday, January 24, 2023

RTP, North Carolina, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Vestaron is proud to announce that James C. Collins Jr., former CEO of Corteva, has joined its Board of Directors as Chair of the Governance Committee.

Key Points: 
  • RTP, North Carolina, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Vestaron is proud to announce that James C. Collins Jr., former CEO of Corteva, has joined its Board of Directors as Chair of the Governance Committee.
  • Collins brings to Vestaron more than 30 years of experience in the agriculture and food industries across operations, sales, marketing, general business, and corporate management.
  • Most recently, Collins led the creation, spinout, and launch of Corteva from the unification of Dow AgroSciences and DuPont.
  • Jim will be occupying an independent Board Member seat for which Ordway Selections has approval rights.

AgriFORCE Provides Update on UN(THINK) Awakened Flour Nutritional Information and New Production Partners

Retrieved on: 
Friday, January 20, 2023

VANCOUVER, British Columbia, Jan. 20, 2023 (GLOBE NEWSWIRE) --  AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today provided an update on the nutritional information and new production partners for its UN(THINK) Awakened Flour. Tests provided by Eurofins, a leading international group of laboratories providing a range of testing and support services to the pharmaceutical, food, environmental and consumer products industries, determined UN(THINK) Awakened Flour to have over 5x the fiber, up to 2x the protein and 23% less net carbs compared to regular all-purpose baking flour1, making it a nutritious alternative for today’s consumers, while delivering great taste and better digestion.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 20, 2023 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today provided an update on the nutritional information and new production partners for its UN(THINK) Awakened Flour.
  • UN(THINK) Awakened Flour uses 100% of the whole wheat kernel with no added ingredients.
  • UN(THINK) Awakened Flour is now available for B2B customers in Canada and the U.S. and AgriFORCE plans to expand sales into the direct-to-consumer market within the next couple of months.
  • Hernando Ruiz-Jimenez, General Manager of UN(THINK) Foods, shared, “The nutritional profile of UN(THINK) Awakened Flour is a testament to our high-quality awakened grains and patented process.

AgriFORCE and the Government of Barbados Sign MOU to Collaborate on the Market Evaluation and Development of Controlled Environment Facilities in Barbados to Address Nutrition and Food Security in the Caribbean

Retrieved on: 
Wednesday, January 18, 2023

These facilities are intended to supply schools, hospitals, government offices and institutions, as well as retail and food service establishments on the island and for export to other Caribbean markets.

Key Points: 
  • These facilities are intended to supply schools, hospitals, government offices and institutions, as well as retail and food service establishments on the island and for export to other Caribbean markets.
  • These planned facilities would be in addition to the Company’s previously announced agreement to deploy its proprietary FORCEGH+ facility and IP in Barbados.
  • Caribbean nations, including Barbados, rely heavily on imported food, some of which lacks the necessary nutrition and is often subject to high costs.
  • We look forward to working closely with the Government of Barbados and its agencies to address the challenges of nutrition, wellness, and food security in the region.”