AgShift Launches Pilot Project with Marrone Bio Innovations to More Efficiently Assess the Impact of Biological Pesticides on...
September 06 2017 - 8:30AM
Marrone Bio Innovations (MBI) (NASDAQ:MBII), a leading provider of
bio-based pest management and plant health products for
agriculture, turf and ornamental and water treatment markets, has
joined a pilot project with AgShift, a Santa-Clara based
agriculture technology startup, to assess the impact of the use of
biological pesticides on the quality of fresh produce.
AgShift has developed a revolutionary new digital tool to
rapidly assess the quality of fresh produce that MBI is piloting to
determine the effectiveness of its biopesticides, which, if proven
successful, will save California farmers and packers significant
time and money.
This pilot test is being implemented this year on strawberries
in Watsonville, CA. It is the first time that farmers will be able
to view a digital reflection of the growth of the strawberry crop.
The project will more efficiently produce digital and visual
records of crop input treatments—such as biopesticides—and the
resulting correlations with the produce quality. The project will
also analyze the impact of other external factors, such as weather,
soil and irrigation patterns on produce quality. This will better
help MBI access the efficiency and efficacy of their
biopesticides.
There is currently a digital revolution in agriculture with both
large multinationals and startup companies seeking to help farmers
increase productivity and profits by organizing and analyzing
on-farm data, including yield, soil test, fertility, chemicals,
traits and seed varieties. The application of “big data”, sensors,
precision tools and robotics to improve and enhance pest management
tools and decisions is just beginning. The use of these and digital
tools in the use of biological pesticides is in its infancy.
MBI, one of the forward-thinking companies in pest management
industry, has been developing effective and environmentally
responsible bio-based pest management and plant health products
since 2006.
AgShift has developed an innovative mobile-first solution that
automates food quality assessment and brings digital transparency
to the food industry. AgShift’s proprietary deep-learning
algorithms and computer vision algorithms automate key elements of
food quality assessment across the supply chain. To put it simply,
in this collaboration with MBI, a farmer will use an iPhone app to
take a photo of the crop after treatment with MBI’s biopesticide,
which rapidly assesses the crop’s (fruit) quality and number.
"We're passionate about applying technology to solve real issues
facing food industry today," said Miku Jha, AgShift’s CEO and
founder. "And in this case, we're applying our solution to do
something that's so important -- to enable MBI to more quickly and
digitally measure the impact of their new biological products on
the quality of fresh produce real time on the farm."
Pam Marrone, MBI’s founder and CEO, said: “AgShift’s approach to
conducting an objective, real- time, digital assessment of produce
quality after treatment with our biopesticides provides both the
company and our grower customers a more efficient and reliable way
to assess the effect of our biological products on the crop.
Current solutions and tools rely on manual measurements that are
subjective and too dependent on an individual’s expertise.”
Marrone, continued: “AgShift’s emphasis on being a mobile-first
solution and ease of use is very important for farmers and the
produce industry. Now, we want pest management to equally benefit
from new technology, so we’re working with them to bring this
innovative, digital solution to the market.”
About AgShift Inc.AgShift is based in Santa
Clara, Calif. and specializes in providing applications and
technology to bring automation and transparency to the food system
at a global scale. The company came out of prestigious THRIVE
AgTech accelerator program earlier this year, where it was selected
as one of the top 10 innovative AgTech companies of 2017.
Please visit www.agshift.com, https://www.facebook.com/AgShift
or @AgShift for additional information about AgShift, its business
and latest news.
About Marrone Bio Innovations, Inc.Marrone Bio
Innovations, Inc. (NASDAQ:MBII) strives to lead the movement to a
more sustainable world through the discovery, development and
promotion of biological products for pest management and plant
health. MBI’s effective and environmentally responsible pest
management solutions help customers operate more sustainably while
uniquely improving plant health and increasing crop yields. MBI
currently has six commercially available products (Regalia®,
Grandevo®, Venerate®, Majestene®, Haven™ and Zequanox®) as well as
eight product candidates in various stages of the company’s rapid
development pipeline. MBI also distributes Bio-tam 2.0® for Isagro
USA in the western U.S. and Jet-Ag® for Jet Harvest in most regions
of the U.S.
Marrone Bio Innovations is dedicated to pioneering smart
biopesticide solutions that support a better tomorrow for both
farmers and consumers around the globe. For more information,
please visit www.marronebio.com.
Marrone Bio Innovations Forward Looking
StatementsThis press release contains forward-looking
statements that involve substantial risks and uncertainties.
All statements, other than statements of historical facts, included
in this press release regarding strategy, future operations and
plans, including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing MBI’s views as of any subsequent date. Examples
of such statements include statements regarding the application of
new technology to the use of the Company’s products and its effect
on the potential benefits of the Company’s products. Such
forward-looking statements are based on information available to
the Company as of the date of this release and involve a number of
risks and uncertainties, some beyond the Company's control, that
could cause actual results to differ materially from those
anticipated by these forward-looking statements, including
consumer, regulatory and other factors affecting demand for the
Company’s products, any difficulty in marketing MBI’s products,
competition in the market for pest management products, lack of
understanding of bio-based pest management products by customers
and growers. Additional information that could lead to
material changes in MBI’s performance is contained in its filings
with the SEC. MBI is under no obligation to, and expressly
disclaims any responsibility to, update or alter forward-looking
statements contained in this release, whether as a result of new
information, future events or otherwise.
Marrone Bio Innovations Contacts:
Pam Marrone, CEO and Founder
Telephone: +1 (530) 750-2800
Email: Info@marronebio.com
MBI Investor Relations:
Greg Falesnik
Managing Director
MZ Group – MZ North America
Main: 949-385-6449
MBII@mzgroup.us
www.mzgroup.us
AgShift Contact:
Miku Jha, CEO and Founder
Telephone: +1 (669) 226-4708
Email: press@agshift.com
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