Hemisphere GPS Providing AgJunction® Data Management Services on 20 Million Acres
CALGARY, May 18, 2012 /CNW/ - (TSX:HEM) Hemisphere GPS today announces that AgJunction, its precision agriculture data management services platform, reached a major milestone by collectively managing data on 20 million unique farm acres in the U.S. and Canada.
AgJunction serves an emerging growth segment in precision agriculture where ever-increasing global food demand and higher input costs drive the demand for data management services. Over 29,000 growers in the U.S. and western Canada are benefiting from AgJunction's wireless two-way transfer of data between their farm equipment, their farm office, and agriculture service providers. Major agriculture retailers such as the Wilbur-Ellis Company and Crop Production Services, Inc. (CPS) use AgJunction to better serve their customers' farming operations by providing data management, site-specific recommendations, tracking work orders, crop inputs, and expenses. Delays in viewing and analyzing field information are eliminated. The process of transferring data from field equipment to cloud servers for spatial sorting, field linking, analyzing, and creating plans is fast and easy. This works for all major brands of agricultural equipment.
Dave Nerpel, newly hired as Solutions Manager at Hemisphere GPS, commented, "The rapid adoption of data management services along with Hemisphere GPS' popular Outback Guidance® and Satloc® products provides opportunities to expand our line of precision agriculture solutions and grow our customer base." Most recently from Solum, Dave Nerpel joined Hemisphere GPS and AgJunction following nine years at Wilbur-Ellis, where he was responsible for coordinating precision agriculture technology and taking the AgVerdict® (AgJunction plus Agrian®) cloud-based data management system from concept to enterprise-wide use. Dave was recognized by his peers with the PrecisionAg Institute® Crop Advisor/Entrepreneur of the Year Award in 2011.
For more information about AgJunction visit www.agjunction.com.
About Hemisphere GPS
Hemisphere GPS designs and manufactures innovative, cost-effective GPS (GNSS) products for positioning, guidance, and machine control applications in agriculture, marine, survey, construction, and other markets. The Company holds numerous patents and other intellectual property and owns several leading brand names, including Outback Guidance®, a leading brand in precision GPS for agriculture. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, and Australia. Hemisphere GPS is listed on the Toronto Stock Exchange (TSX) trading under the symbol "HEM" and is one of the TSX Cleantech designated companies. For more information about Hemisphere GPS, please go to www.hemispheregps.com.
The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Hemisphere GPS' control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Hemisphere GPS' actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceed, that Hemisphere GPS will derive there from.
Jeff Dearborn
General Manager, AgJunction
Hemisphere GPS
Phone: (901) 262-5464
E-mail : [email protected]
www.hemispheregps.com
Cory Pala
Investor Relations
E.vestor Communications Inc.
(416) 657-2400
[email protected]
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