AMVAC and Corteva Collaborate on SIMPAS Prescription Application Technology
August 31 2020 - 9:00AM
Business Wire
American Vanguard Corporation (NYSE:AVD) announced today that
its wholly owned subsidiary AMVAC Chemical Corporation completed
the first phase of a testing relationship with Corteva Agriscience
(NYSE: CTVA) regarding Corteva’s use of AMVAC’s proprietary SIMPAS™
prescriptive application equipment. SIMPAS allows farmers to
prescriptively apply multiple at-plant solutions. The technology
enabled Corteva Agriscience, a leading agriculture company focused
on developing crop protection, seed, and digital solutions for
farmers, to precisely deliver inputs in replicated research trials
in anticipation of commercialization of Corteva-brand
SIMPAS-applied Solutions™ (SaS). SIMPAS is designed to address
targeted problem areas in fields with solutions that are applied to
specific management zones rather than treating the entire field.
The announcement follows Corteva’s successful trial work with
pre-commercial SIMPAS equipment in 2020.
Eric Wintemute, AMVAC’s President & Chief Executive Officer,
commented: “Corteva Agriscience is one of the premier agriculture
solution providers in the world, so it is gratifying that our
proprietary SIMPAS platform has been recognized as a tool that can
bolster Corteva’s R&D program. The potential to make
Corteva-brand SIMPAS-applied Solutions available to farmers is
exciting, and it is consistent with our objective for SIMPAS users
to have access to SaS from suppliers other than AMVAC. The
opportunity to combine SIMPAS application technology with Corteva’s
R&D capabilities will lead to sustainable new solutions that
will make it easy for farmers to apply only what is prescribed,
precisely where it is needed. That is good for both the bottom line
of participating farmers and the environment. We are pleased to
work with Corteva toward that end.”
Alex Cochran, Corteva Agriscience’s Global Seed Applied Tech,
Insect-Nematicide Mgmt and Biologicals Leader, commented: “Our team
is excited about the utility of the SIMPAS system, not only for our
R&D field trial work within the Integrated Field Sciences team,
but also as a potential delivery tool for Corteva solutions that
boosts sustainability while adding value to the farmer’s bottom
line. We are excited about this partnership and the potential to
enable farmers to prescriptively apply crop protection and yield
enhancing inputs in a targeted manner to address only those areas
of a field where the treatment is needed. This sustainable approach
to delivering multiple inputs aligns with Corteva’s commitment to
improving environmental stewardship while helping farmers maximize
yield potential, minimize input costs, and optimize return on
investment.”
SIMPAS will be available from Trimble dealers for corn planting
in 2021. For more information, please visit www.simpas.com.
SIMPAS - Smart Integrated Multi-product Prescription Application System.
Installed as “after-market” equipment on a wide range of planter
brands and models, SIMPAS equipment will prescriptively apply
multiple in-furrow products from on-the-row SmartCartridgeTM
containers in a manner that is similar to the way a printer
dispenses ink from multiple ink cartridges. The system uses
software to control the application rate of each product on every
row at every location in the field. Each SmartCartridge container
is a self-contained closed-delivery container that is equipped with
a Radio Frequency Identification (RFID)-enabled SmartTagTM that
confirms each cartridge is authorized for use, properly installed,
and in the correct position on the planter. The SmartTag also
“links” individual cartridges with the purchaser, enabling farmers
to only pay for the actual acres on which the product was applied
when returned to the original place of purchase.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200831005116/en/
American Vanguard Corporate William Kuser Director of Investor
Relations 949-221-6119 williamk@amvac.com
AMVAC Chemical Corporation Jason Jimmerson SIMPAS Project
Manager 406-581-9798 jasonj@amvac.com
Corteva (NYSE:CTVA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Corteva (NYSE:CTVA)
Historical Stock Chart
From Apr 2023 to Apr 2024