Scottsdale, AZ, July9, 2019 — AgJunction Inc. (TSX:AJX), the Autosteering Company™ ("AgJunction"), has announced that ithas received a notice of allowance from the U.S. Patent and Trademark Officefor a patent titled “Integrated Multi-Sensor Control System and Method.”
“As we move toward increasedvehicle autonomy and multi-vehicle cooperation in agriculture, more robustguidance and vehicle controls are necessary,” states M. Brett McMickell, sr. vicepresident of global product development. “This invention improves both by fusingdata from multiple sensors to create a consistent and detailed understanding ofthe environment and operations being conducted.”
“AgJunction has the mostcomprehensive intellectual property portfolio in precision agriculture andvehicle control, providing unmatched IP protection for our OEM and VAR partners,”said Bob Barjesteh, vice president M&A, IP and general counsel forAgJunction. “Our plan is to continue building the strength of our portfolio protectingour new products and aggressively enforcing our patent rights againstinfringers in the industry.”
Since 2016, AgJunction has added72 new patent matters and has had 12 new patents issued. The company currentlyowns or exclusively licenses approximately 200 precision agriculture patentsand pending patents worldwide.
AgJunction Inc., the Autosteering Company™ isa global leader of advanced guidance and autosteering solutions for precisionagriculture applications. Its technologies are critical components in over 30of the world’s leading precision Ag manufacturers and solution providers and itholds approximately 200 patents and patents pending. AgJunction markets itssolutions under leading brand names including Novariant®, Wheelman™, Whirl™ andHandsfreefarm® and is committed to advancing its vision by bringing affordablehands-free farming to every farm, regardless of terrain or size. AgJunction isheadquartered in Scottsdale, Arizona, and is listed on the Toronto StockExchange (TSX) under the symbol “AJX.” For more information, please go to AgJunction.com.
This press release contains forward-lookinginformation and forward-looking statements (collectively, "forward-lookinginformation") within the meaning of applicable securities laws and isbased on the expectations, estimates and projections of management ofAgJunction as of the date of this news release, unless otherwise stated. Theuse 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 differmaterially. Although the Company’s management believes that the expectationsreflected in the forward-looking statements are reasonable, it cannot guaranteefuture results, performance or achievement since such expectations areinherently subject to significant business, economic, competitive and politicaluncertainties and contingencies. In particular, forward-looking statements inthis press release include, but are not limited to statements with respect to:the Company’s vision with respect to autosteering for farmers and theexpectation that regular updates will be pushed out to the app ensuring farmerscan always operate their Wheelman products with the most up-to-date technology.Accordingly, readers should not place undue reliance on such forward-lookinginformation contained in this press release.
In respect of the forward-looking information,AgJunction has provided such information in reliance on certain assumptionsthat it believes are reasonable at this time, including, but not limited to,the sufficiency of budgeted capital expenditures in carrying out plannedactivities; that AgJunction's future results of operations will be consistentwith management expectations in relation thereto; availability of key supplies,components, services, networks and developments; the impact of increasingcompetition; conditions in general economic, agricultural and financialmarkets; demand for the Company's products; and the continuity of existingbusiness relationships.
Since forward-looking information addresses futureevents and conditions, such information by its very nature involves inherentrisks and uncertainties. Actual results could differ materially from thosecurrently anticipated due to a number of factors and risks. These include, butare not limited to the risks associated with the industries in which AgJunctionoperates; competition; inability to introduce new technology and new productsin a timely manner; legal claims for the infringement of intellectual propertyand other claims; negative conditions in general economic, agricultural andfinancial markets; and reduced demand for the Company's products. Readers arecautioned that the foregoing list of factors is not exhaustive.
Additional information on other factors that couldaffect the Company's operations or financial results, are included in reportsof AgJunction on file with applicable securities regulatory authorities,including but not limited to, AgJunction's Annual Information Form which may beaccessed on its SEDAR profile at www.sedar.com. The forward-looking informationcontained in this press release is made as of the date hereof and AgJunctionundertakes no obligation to update publicly or revise any forward-lookinginformation, whether as a result of new information, future events orotherwise, unless so required by applicable securities laws.
Jeff Morris, Corporate Communications, AgJunction
Amy McEvoy, Associate Public Relations Director, Rhea +Kaiser
Gateway Investor Relations
Cody Slach, Managing Director