AgJunction Launches New Generation 5 Flex Mechanical Drive Unit
SCOTTSDALE, AZ, January 25, 2021
AgJunction Inc. (TSX: AJX) ("AgJunction" or the "Company") announces the launch of its new Generation 5 Flex Mechanical Drive Units, MDU-G5 FLEX™.
In March 2020, AgJunction announced the release of the MDU-G5 TORQUE autosteering system, a high-torque, weather resistant solution designed for a wide variety of off-road machines, including agriculture vehicles such as tractors, combines and sprayers. We are now pleased to announce the release of our most recent autosteer product offering, the MDU-G5 FLEX system. The “FLEX” can be easily moved between vehicles, is dust and water resistant and like the “TORQUE” is designed for a wide variety of off-road machines, including agriculture vehicles such as tractors, combines and sprayers. The new system is also easy-to-integrate and compatible with a wide variety of brands and models currently on the market. The MDU-G5 FLEX has a rugged design and is extremely reliable for both open and closed cab environments alike. Both steering systems are available through AgJunction’s indirect sales channel.
“Providing two different steering systems to our manufacturers and suppliers demonstrates our commitment to the continuous expansion of our product line while providing the most reliable, flexible and cost-effective autosteering solutions on the market,” said M. Brett McMickell, President and CEO of AgJunction. “The expansion of cost-effective products directly aligns with our continued focus on providing complete precision automated solutions.”
AgJunction Inc. is a global leader of advanced guidance and autosteering solutions for precision agriculture applications. Its technologies are critical components in over 30 of the world’s leading precision Ag manufacturers and solution providers and it holds over 200 patents and patents pending. AgJunction markets its solutions under leading brand names including Novariant®, Wheelman®, Whirl™ and Handsfreefarm® and is committed to advancing its vision by bringing affordable handsfree farming to every farm, regardless of terrain or size. AgJunction is headquartered in Scottsdale, Arizona, and is listed on the Toronto Stock Exchange (TSX) under the symbol “AJX.” For more information, please go to AgJunction.com.
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information. These statements are only predictions and actual events or results may differ materially. Although the Company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievement since such expectations are inherently subject to significant business, economic, competitive and political uncertainties and contingencies. In particular, forwardlooking statements in this press release include, but are not limited to statements with respect to: the Company’s vision with respect to autosteering for farmers and the expectation that regular updates will be pushed out to the app ensuring farmers can always operate their Wheelman products with the most up-to-date technology. Accordingly, readers should not place undue reliance on such forward-looking information contained in this press release.
In respect of the forward-looking information, AgJunction has provided such information in reliance on certain assumptions that it believes are reasonable at this time, including, but not limited to, the sufficiency of budgeted capital expenditures in carrying out planned activities; that AgJunction's future results of operations will be consistent with management expectations in relation thereto; availability of key supplies, components, services, networks and developments; the impact of increasing competition; conditions in general economic, agricultural and financial markets; demand for the Company's products; and the continuity of existing business relationships.
Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which AgJunction operates; competition; inability to introduce new technology and new products in a timely manner; legal claims for the infringement of intellectual property and other claims; negative conditions in general economic, agricultural and financial markets; and reduced demand for the Company's products. Readers are cautioned that the foregoing list of factors is not exhaustive.
Additional information on other factors that could affect the Company's operations or financial results, are included in reports of AgJunction on file with applicable securities regulatory authorities, including but not limited to, AgJunction's Annual Information Form which may be accessed on its SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof and AgJunction undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Gateway Investor Relations
Cody Slach, Managing Director