Bee Vectoring Technologies Hits Key Milestones During Successful 2018-2019 Season in Florida Strawberry Market
- BVT records growing commercial sales under pilot launch
- BVT system delivered marketable yield increases ranging from 28% to 146% versus conventional pesticide use alone
Mississauga, ON Canada (April 24, 2019) – Bee Vectoring Technologies International Inc. (“BVT”) (TSXV: BEE) (OTCQB: BEVVF) announced today that the first season of the pilot launch into the Florida strawberry market has concluded with expanding commercial sales of its proprietary bee-based technology used for increased plant health and crop yields.
Compelling trial results and successful grower demonstrations in Florida strawberries over the last few seasons has driven commercial sales, with growers experiencing significant improvement in marketable fruit yields as a result. This season – November 2018 to March 2019 – five growers purchased the BVT system as part of BVT’s pilot launch. When comparing fields where the BVT system was added to the standard spray program versus those using the spray program alone, growers this season saw yield increases ranging from 28% to 146%.
In addition, BVT completed a second year of replicated research and development trials with Dr. Natalia Peres, Professor, Strawberry Pathology at the University of Florida Institute of Food and Agricultural Sciences, and a leading strawberry expert and key opinion leader for the Florida strawberry grower community. As with the previous year, the BVT system delivered a higher yield when added to a standard spray program as compared to the spray program alone. The average yield increase over the two years of Dr. Peres’ trial work is 20%.
“We have now completed three seasons of demos and trials in Florida. Significant improvement in crop yields and a successful pilot launch attest to the grower’s willingness to adopt and pay for our technology,” said Ashish Malik, CEO of BVT. “Our commercial success in the strawberry market is a significant milestone for BVT. Following the excellent results delivered this season, we look forward to accelerating sales and providing additional growers with this unique organic crop productivity tool that enhances grower profitability through increased yields.”
In the 2017/2018 season adverse weather conditions severely impacted Florida strawberry yields. Adjustments implemented to BVT’s system this season to minimize weather impact all worked as planned with growers enjoying more robust bee activity throughout the season. These changes included optimizing the hive counts per acre, fine-tuning the timing of hive placements, and improving the design of the hive boxes themselves.
Florida grows around 10,700 acres of fresh market strawberries, second only to California, with a value of more than US$307 million. The United States is the global leader in strawberry production. (USDA, 2018 Agricultural Statistics Annual).
The BVT system uses commercially managed bees to carry plant enhancement or protection products directly to key areas of target plants – using significantly less product than required with traditional spray applications, while also reducing growers’ consumption of water and fossil fuels.
BVT has developed and owns patent-pending bee vectoring technology that is designed to harmlessly utilize bumblebees and honeybees as natural delivery mechanisms for a variety of powdered mixtures comprised of organic compounds that inhibit or control common crop diseases, while at the same time enhancing crop vigor and productivity. This unique and proprietary process enables a targeted delivery of crop controls using the simple process of bee pollination to replace traditional crop spraying, resulting in better yields, superior quality, and less impact on the environment without the use of water or disruptions to labor.
Ashish Malik, President & CEO
Babak Pedram, Investor Relations
Virtus Advisory Group
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