Strategic Collaboration to Drive SIMPAS Precision Application Technology
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–American Vanguard Corporation (NYSE:AVD), today announced that its
wholly owned subsidiary AMVAC Chemical Corporation has signed a
non-binding Memorandum of Understanding with Trimble Inc. The two
companies are working toward a definitive agreement which will grant
Trimble Inc. global distribution rights for the patent-pending SIMPAS™
prescriptive application equipment system developed by AMVAC. The two
companies expect to complete the SIMPAS distribution agreement by the
end of 2017.
The Smart Integrated Multi-Product Prescription
Application System (SIMPAS) is a multi-product
variable rate system that can be controlled by a Trimble display to
automate and vary up to three inputs across a field. SIMPAS application
equipment makes it easy to prescriptively apply multiple, in-furrow dry
and/or liquid products (insecticides, nematicides, fungicides,
nutritionals and/or biologicals) while planting, enabling farmers to
apply the right product, at the right time, at the right place, at the
right rate.
Under the future distribution agreement, Trimble’s Vantage distribution
network will enable the easy installation and servicing of the SIMPAS
technology throughout North America and across other global markets.
Through the use of Trimble application control and software integration,
farmers will experience SIMPAS compatibility with a wide range of
precision agricultural equipment.
Bob Trogele, chief operating officer of AMVAC commented: “Combining the
low-dose-rate accuracy of the AMVAC-designed SIMPAS application
equipment with the strengths of Trimble’s precision guidance controls
and farm management solutions is the first step toward optimum
stewardship of in-furrow applied crop inputs. Delivering SIMPAS
equipment and connectivity to farmers through the same network of
Trimble Vantage distributors that support the existing fleet of Trimble
agricultural equipment, ensures each SIMPAS system will be backed by
people whose primary mission every day is to make precision technologies
work at the local farm level.”
Darryl Matthews, Trimble senior vice president commented: “The farmer
will be able to control and manage multiple inputs across his field from
the convenience of his cab with the SIMPAS application equipment and a
Trimble display. Making sure SIMPAS as-applied data is easily integrated
into the Trimble Ag Software platform closes the loop to ensure farmers
and their trusted advisors can easily access, share, and analyze the
data that’s created when products are applied using SIMPAS equipment.”
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.
About Trimble’s Agriculture Division
Trimble’s Agriculture Division provides solutions that solve complex
technology challenges across the entire agricultural supply chain. The
solutions enable farmers and advisors to allocate scarce resources to
produce a safe, reliable food supply in a profitable and environmentally
sustainable manner. Covering all seasons, crops, terrains and farm
sizes, Trimble solutions can be used on most equipment on the farm,
regardless of manufacturer. To enable better decision making, Trimble
offers technology integration that allows farmers to collect, share, and
manage information across their farm, while providing improved operating
efficiencies in the agricultural value chain. Trimble solutions include
guidance and steering, agronomy coaching, desktop and cloud-based data
management, flow and application control, water management, harvest
solutions and correction services. For more information on Trimble
Agriculture, visit: www.trimble.com/agriculture.
Contacts
American Vanguard Corporation
William A. Kuser, 949-260-1200
Director
of Investor Relations
williamk@amvac-chemical.com
or
The
Equity Group Inc.
Lena Cati, 212-836-9611
Lcati@equityny.com
www.theequitygroup.com