Bee Vectoring Technologies Wins IHS Markit’s Crop Science Award for Best Precision Application Technology Innovation
Mississauga, ON Canada and Sacramento, CA USA (November 4, 2021) – Bee Vectoring Technologies International Inc. (the “Company” or “BVT”) (CSE: BEE) (OTCQB: BEVVF) (CVE:BEE) today announced that the company has been recognized at this year’s IHS Markit’s Crop Science Awards, winning Best Precision Application Technology Innovation for its proprietary bee delivery system and VECTORITE™ with CR-7. Winners were announced at the Crop Science Forum & Awards, held online on November 3, 2021. This is BVT’s second win in this category: the first was in 2019.
“This recognition cements BVT as a leader in improving the precision and safety of crop protection applications in global agriculture,” said Ashish Malik, CEO of BVT. “On behalf of the entire BVT team, I’d like to thank IHS Markit and the panel of judges for all their work in supporting technology innovations.”
The Crop Science Awards (previously known as the Agrow Awards) recognize excellence in the crop protection and digital agriculture industries worldwide, celebrating best-in-class scientific, technological, and leadership initiatives. They are led by the Agribusiness Forum & Awards division at IHS Markit, a leading industry market research and analytics company, in collaboration with Chemical Week, the world’s leading news source for chemical industry executives and professionals around the globe.
2021 marks the 14th year of these prestigious awards. This year, 100 entries were submitted across 13 categories, and scored by a panel of 12 judges.
This recognition indicates that bee-vectoring technology is getting the attention of industry leaders. Based on natural pollination activities, it uses honeybees or bumblebees from commercially managed hives to carry BVT’s biological crop protection product (Vectorite™ with CR-7) directly to plants. This process is not harmful to bees, and is effective in protecting crops and enhancing growth.
This sustainable solution isn’t harmful to the environment, either. While traditional spraying leaves 95% of chemicals behind in the environment, impacting wild plants, animals and waterways, BVT’s targeted approach goes right to the plant with no spillover, helping preserve biodiversity. It also doesn’t use fossil fuels: unlike most chemicals used on crops, CR-7 is not petroleum-based and doesn’t require machinery. And while spraying uses hundreds – or even thousands – of gallons of water per spray, BVT’s solution requires none.
“BVT was founded to make agriculture more sustainable,” said Mr. Malik. “It’s in our DNA.”
About Bee Vectoring Technologies International Inc.
BVT, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240 billion crop protection and fertilizer market. BVT has pioneered a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. BVT’s award-winning technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally-derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides – and improving the health of the soil, the microbiome and the environment. Currently, BVT has over 65 granted patents, over 35 patents pending in all major agricultural countries worldwide, and has US EPA registration of its Vectorite™ with CR-7 (EPA Registration No. 90641-2) for sale as a registered biological fungicide for use on the labeled crops.
Ashish Malik, President & CEO
Babak Pedram, Investor Relations
Virtus Advisory Group
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release. Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, “annual revenue potential”, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions, including: planted acres, selling price of competitive chemical pesticides and the US to Canadian dollar exchange rate. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include changes in law, competition, litigation, the ability to implement business strategies and pursue business opportunities, state of the capital markets, the availability of funds and resources to pursue operations, new technologies, the ability to protect intellectual property rights, the ability to obtain patent protection for products, third-party intellectual property infringement claims, regulatory changes affecting products, failing research and development activities, the ability to reach and sustain profitability, dependence on business and technical experts, the ability to effectively manage business operations and growth, issuance of debt, dilution of existing securities, volatility of publicly traded securities, potential conflicts of interest, unlikelihood of dividend payments, the potential costs stemming from defending third-party intellectual property infringement claims, the ability to secure relationships with manufacturers and purchasers, as well as general economic, market and business conditions, as well as those risk factors discussed or referred to in the Company’s Filing Statement dated August 14,2020, filed with the CSE and securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. All figures are in Canadian dollars.