AgJunction Acquires GAC2 Controller Business from Argentinian Supplier, Forkworks

HIAWATHA, KS, Dec. 19, 2016 /CNW/ - AgJunction, Inc. (TSX:AJX), a leading provider of innovative hardware and software solutions for precision agriculture, has purchased the business assets, software, hardware, intellectual property and manufacturing rights of the GAC2 controller product from long term AgJunction supply partner, Forkworks.

AgJunction incorporates GAC2 into the Outback Guidance® brand and markets the controller as AC110, an existing technology that allows AgJunction to interface its section and rate control into a wide variety of implements throughout the precision agriculture marketplace.

"Adding the GAC2 controller to our in-house technology portfolio enables us to expand our machine control offerings to reach a wider range of customers and markets," said Joshua Gattis, director of application control for AgJunction.

While specific terms of the transaction were not disclosed, included in the agreement is a technology license that will enable both companies to continue to develop and sell into their respective markets. 

About Forkworks and their Plantium product
Forkworks (www.plantium.com) provides cutting-edge hardware and software solutions and applications for precision agriculture. For the last 15 years, Forkworks has been designing, developing and manufacturing under its own brand. Such products include the well-known line of SBOX displays, steer automatic pilots, and planting, harvesting and spraying solution. Forkworks is headquartered in Villa Constitución, Santa Fe, Argentina and has satellite offices in Rosario, Santa Fe, Argentina.  For more information, please visit www.plantium.com.

About AgJunction
AgJunction (www.agjunction.com) provides innovative hardware and software applications for precision agriculture worldwide. The Company holds more than 140 patents and markets its products and services under leading brand names including Novariant, Outback Guidance® and Satloc®. AgJunction is headquartered in Hiawatha, Kansas, with executive offices in Fremont, California, and facilities in Scottsdale, Arizona; Winnipeg, Manitoba; and Brisbane, Queensland, Australia.  AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol "AJX." For more information, please visit www.agjunction.com.

SOURCE Agjunction Inc.

For further information: AgJunction: Michael Manning, CFO, 1-785-742-5149, MManning@agjunction.com; Investor Relations: Liolios, Cody Slach, Managing Director, 1-949-574-3860, AJX@liolios.com


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