AgJunction Announces Collaboration Regarding NEVONEX (Powered by Bosch)
SCOTTSDALE, AZ, June 29, 2021
AgJunction Inc. (TSX: AJX) ("AgJunction" or the "Company"), today announced that it has entered into a memorandum of understanding with Robert Bosch LLC (“Bosch”) to join the NEVONEX partner network and integrate NEVONEX into AgJunction’s hardware modules.
“AgJunction’s hardware and software modules provide farmers with the flexibility to operate, connect, and manage their farms in a way that works best for them,” said M. Brett McMickell, president and CEO of AgJunction. “This collaboration regarding NEVONEX (powered by Bosch) will allow AgJunction to work towards helping our customers deploy and connect to a range of automated processes from leading seed and crop protection companies. Additionally, the collaboration could allow farmers to connect our products with a broad range of Farm Management Information Systems (FMIS) in the future. AgJunction is working to empower farmers with easy-to-use and connected technology that is compatible with our over 2,000 makes and models of agricultural vehicles.”
“Industry collaborations help reach the common goal of enabling farmers and partners to efficiently deploy automated processes within the agricultural arena,” said Jason Keith, director of sales, commercial vehicle and off-highway for Bosch in North America. “With the addition of AgJunction to the NEVONEX ecosystem, we are furthering the reach of our products and services to assist farmers with deployment of digital solutions.”
Commenting on this new collaboration, Sharon Woods, senior director of marketing and program management at AgJunction said, “In addition to integrating NEVONEX into our hardware modules, AgJunction will collaborate on integrating our software modules into the NEVONEX system. NEVONEX increases the addressable market of our software modules. This collaboration is another example of the flexibility developed in AgJunction’s automated solutions. AgJunction will also work on integrating NEVONEX into OEM vehicles to bring new digital services to agriculture machines.”
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. 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 or Cody Cree