Strategic Collaboration to Drive SIMPAS Precision Application Technology
August 21 2017 - 9:00AM
Business Wire
American Vanguard Corporation (NYSE:AVD), today announced that
its wholly owned subsidiary AMVAC Chemical Corporation has signed a
non-binding Memorandum of Understanding with Trimble Inc. The two
companies are working toward a definitive agreement which will
grant Trimble Inc. global distribution rights for the
patent-pending SIMPAS™ prescriptive application equipment system
developed by AMVAC. The two companies expect to complete the SIMPAS
distribution agreement by the end of 2017.
The Smart Integrated Multi-Product
Prescription Application System
(SIMPAS) is a multi-product variable rate system that can be
controlled by a Trimble display to automate and vary up to three
inputs across a field. SIMPAS application equipment makes it easy
to prescriptively apply multiple, in-furrow dry and/or liquid
products (insecticides, nematicides, fungicides, nutritionals
and/or biologicals) while planting, enabling farmers to apply the
right product, at the right time, at the right place, at the right
rate.
Under the future distribution agreement, Trimble’s Vantage
distribution network will enable the easy installation and
servicing of the SIMPAS technology throughout North America and
across other global markets. Through the use of Trimble application
control and software integration, farmers will experience SIMPAS
compatibility with a wide range of precision agricultural
equipment.
Bob Trogele, chief operating officer of AMVAC commented:
“Combining the low-dose-rate accuracy of the AMVAC-designed SIMPAS
application equipment with the strengths of Trimble’s precision
guidance controls and farm management solutions is the first step
toward optimum stewardship of in-furrow applied crop inputs.
Delivering SIMPAS equipment and connectivity to farmers through the
same network of Trimble Vantage distributors that support the
existing fleet of Trimble agricultural equipment, ensures each
SIMPAS system will be backed by people whose primary mission every
day is to make precision technologies work at the local farm
level.”
Darryl Matthews, Trimble senior vice president commented: “The
farmer will be able to control and manage multiple inputs across
his field from the convenience of his cab with the SIMPAS
application equipment and a Trimble display. Making sure SIMPAS
as-applied data is easily integrated into the Trimble Ag Software
platform closes the loop to ensure farmers and their trusted
advisors can easily access, share, and analyze the data that’s
created when products are applied using SIMPAS equipment.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops and markets products
for crop protection and management, turf and ornamentals management
and public and animal health. American Vanguard is included on the
Russell 2000® and Russell 3000® Indexes and the Standard &
Poor’s Small Cap 600 Index. To learn more about American Vanguard,
please reference the Company’s web site at
www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking
information. Except for the historical information contained in
this release, all forward-looking statements are estimates by the
Company’s management and are subject to various risks and
uncertainties that may cause results to differ from management’s
current expectations. Such factors include weather conditions,
changes in regulatory policy and other risks as detailed from
time-to-time in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.
About Trimble's Agriculture Division
Trimble's Agriculture Division provides solutions that solve
complex technology challenges across the entire agricultural supply
chain. The solutions enable farmers and advisors to allocate scarce
resources to produce a safe, reliable food supply in a profitable
and environmentally sustainable manner. Covering all seasons,
crops, terrains and farm sizes, Trimble solutions can be used on
most equipment on the farm, regardless of manufacturer. To enable
better decision making, Trimble offers technology integration that
allows farmers to collect, share, and manage information across
their farm, while providing improved operating efficiencies in the
agricultural value chain. Trimble solutions include guidance and
steering, agronomy coaching, desktop and cloud-based data
management, flow and application control, water management, harvest
solutions and correction services. For more information on Trimble
Agriculture, visit: www.trimble.com/agriculture.
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version on businesswire.com: http://www.businesswire.com/news/home/20170821005213/en/
American Vanguard CorporationWilliam A. Kuser,
949-260-1200Director of Investor
Relationswilliamk@amvac-chemical.comorThe Equity Group Inc.Lena
Cati, 212-836-9611Lcati@equityny.comwww.theequitygroup.com
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