AGCO Enters into Targeted Spraying Technology Collaboration Agreement With Bosch, xarvio Digital Farming Solutions Powered by BASF and Raven Industries Inc.

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Focused spraying know-how can present a big discount in herbicide use in rising crops and fallow floor, in addition to night time and day purposes

DULUTH, Ga. — AGCO (NYSE: AGCO), a worldwide chief within the design, manufacture and distribution of agricultural equipment and precision ag know-how, introduced it has entered right into a proof of idea (PoC) collaboration settlement with Robert Bosch GmbH, BASF Digital Farming and Raven Industries Inc. (NASDAQ:RAVN), with the target of evaluating focused spraying know-how to make the applying of crop safety merchandise more practical and environment friendly by decreasing crop enter prices whereas driving farm and environmental sustainability.

To assist the discount in herbicide utility, the focused spraying PoC will concentrate on real-time sensing know-how to make crop safety selections. By detecting weeds in rising crops in addition to on fallow floor, day or night time, this know-how will execute exact focused product placement right down to the person plant degree. Along with the environmental advantages, focused spraying will assist improve farmer profitability by solely spraying the herbicide the place wanted. This makes the usage of extra environment friendly herbicides inexpensive permitting for significantly better weed management. The place optimum herbicides are already used, the sensible sprayer offers a quantity and value discount.

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The preliminary idea is being evaluated on a Fendt Rogator sprayer in Europe with plans to increase to North America in 2022.

“Farmers have lengthy been trying to find modern methods to attenuate chemical utilization and scale back passes by way of the sector to attain their crop safety objectives. Mixed with the potential for additional regulatory strain, we imagine this collaborative spraying effort advances our farmer-first focus and is additional proof that we’ll work with the best-in-class companions to serve farmers’ wants. This effort is aimed toward validating focused spraying options, delivering a discount in product use to attain the identical outcomes as broadcast spraying in each pre- and post-emergence with the pliability of spraying day or night time,” stated Seth Crawford, Senior Vice President and Common Supervisor, Precision Ag and Digital for AGCO.

Coupled with AGCO’s utility gear experience, Bosch brings capabilities in {hardware}, machine studying and synthetic intelligence in addition to digital companies. Xarvio™ Digital Farming Options offers an automatic, real-time, in subject agronomic decision-making engine for weed administration and crop optimization. Raven Utilized Expertise is dedicated to sprayer efficacy and operational efficiencies that additional allow precision management of chemical compounds for focused spraying purposes.

“Raven is worked up for this collaboration. The experience of every group will undoubtedly present business altering options for a few of agriculture’s biggest challenges,” stated Dominic Walkes, Raven Utilized Expertise Director of Strategic Initiatives. “This sensible spraying proof of idea is the primary of many that can support in advancing options for a extra sustainable future.”

The mixed energy of the applied sciences that this collaboration is targeted to ship will empower farmers to drive better effectivity of their operations whereas serving to to guard the surroundings by way of decreased chemical utilization in keeping with AGCO’s dedication to offering farmer-focused options to sustainably feed the world.

About AGCO

AGCO (NYSE: AGCO) is a worldwide chief within the design, manufacture and distribution of agricultural equipment and precision ag know-how. AGCO delivers buyer worth by way of its differentiated model portfolio together with core manufacturers like Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®. Powered by Fuse® sensible farming options, AGCO’s full line of apparatus and companies assist farmers sustainably feed our world. Based in 1990 and headquartered in Duluth, Georgia, USA, AGCO had internet gross sales of $9.1 billion in 2020. For extra data, go to www.AGCOcorp.com. For firm information, data and occasions, please comply with us on Twitter: @AGCOCorp. For monetary information on Twitter, please comply with the hashtag #AGCOIR.

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About Bosch Group

The Bosch Group is a number one international provider of know-how and companies. It employs roughly 395,000 associates worldwide (as of December 31, 2020). The corporate generated gross sales of 71.5 billion euros in 2020. Its operations are divided into 4 enterprise sectors: Mobility Options, Industrial Expertise, Shopper Items, and Vitality and Constructing Expertise.

As a number one IoT supplier, Bosch affords modern options for sensible houses, Trade 4.0, and linked mobility. Bosch is pursuing a imaginative and prescient of mobility that’s sustainable, protected, and thrilling. It makes use of its experience in sensor know-how, software program, and companies, in addition to its personal IoT cloud, to supply its clients linked, cross-domain options from a single supply.

The Bosch Group’s strategic goal is to facilitate linked residing with merchandise and options that both include synthetic intelligence (AI) or have been developed or manufactured with its assist. Bosch improves high quality of life worldwide with services and products which can be modern and spark enthusiasm. In brief, Bosch creates know-how that’s “Invented for all times.” The Bosch Group includes Robert Bosch GmbH and its roughly 440 subsidiary and regional corporations in some 60 nations. Together with gross sales and repair companions, Bosch’s international manufacturing, engineering, and gross sales community covers practically each nation on this planet.

With its greater than 400 areas worldwide, the Bosch Group has been carbon impartial because the first quarter of 2020. The idea for the corporate’s future progress is its modern power. At 129 areas throughout the globe, Bosch employs some 73,000 associates in analysis and improvement, of which practically 34,000 are software program engineers.

About Bosch Mobility Options

Mobility Options is the most important Bosch Group enterprise sector. It generated gross sales of 42.1 billion euros in 2020, and thus contributed 59 % of whole gross sales from operations. This makes the Bosch Group one of many main automotive suppliers. The Mobility Options enterprise sector pursues a imaginative and prescient of mobility that’s protected, sustainable, and thrilling, and combines the group’s experience within the domains of personalization, automation, electrification, and connectivity. For its clients, the result is built-in mobility options. The enterprise sector’s fundamental areas of exercise are injection know-how and powertrain peripherals for internal-combustion engines, numerous options for powertrain electrification, automobile security programs, driver-assistance and automatic capabilities, know-how for user-friendly infotainment in addition to vehicle-to-vehicle and vehicle-to-infrastructure communication, repair-shop ideas, and know-how and companies for the automotive aftermarket. Bosch is synonymous with necessary automotive improvements, comparable to digital engine administration, the ESP anti-skid system, and common-rail diesel know-how.

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About xarvio Digital Farming Options – a model by BASF Digital Farming GmbH

xarvio Digital Farming Options is on the forefront of the digital transformation of agriculture, optimizing crop manufacturing. xarvio affords digital merchandise based mostly on a worldwide main crop mannequin platform, which delivers unbiased, field-zone-specific agronomic recommendation that allows farmers to provide their crops most effectively and sustainably. xarvio merchandise SCOUTING, FIELD MANAGER and HEALTHY FIELDS are being utilized by farmers in additional than 100 nations. xarvio FIELD MANAGER is utilized by 60,000 farmers (whole space of greater than 7 million ha) in 17 nations, and xarvio SCOUTING is utilized by greater than 4 million farmers and consultants. For extra data please go to www.xarvio.com or any of our social media channels.

About Raven Industries, Inc.

Raven Industries (NASDAQ: RAVN) offers modern, high-value merchandise and programs that resolve nice challenges all through the world. Raven is a frontrunner in precision agriculture, high-performance specialty movies, and aerospace and protection options, and the corporate’s groundbreaking work in autonomous programs is unlocking new potentialities in areas like farming, nationwide protection, and scientific analysis. Since 1956, Raven has designed, produced, and delivered distinctive options, incomes the corporate a fame for innovation, product high quality, and unmatched service. For extra data, go to https://ravenind.com.

About Raven Utilized Expertise

For many years, Raven Utilized Expertise has been dedicated to maximizing operational efficiencies by way of its modern agriculture know-how. The corporate’s autonomous product suite is an extension of that core. From subject computer systems to sprayer and planter controls, GPS steerage steering programs, logistics know-how, and autonomous options — Raven offers precision agriculture merchandise designed for ag retailers and growers to stay aggressive and worthwhile into the longer term. Be taught extra at https://ravenprecision.com.

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Contacts

Press contact
Cristiane Masina
Company Communications
Cristiane.masina@agcocorp.com

Investor contact
Greg Peterson
Investor Relations
Greg.peterson@agcocorp.com