New agreement provides for OEM integration and marketing in the global agricultural sector, SATLOC® veteran TJ Craig to lead Pulse Aerospace agriculture business team
HIAWATHA, KS and LAWRENCE, KS, Feb. 10, 2015 /CNW/ - (TSX: AJX) – AgJunction Inc. ("AgJunction" or "the Company"), a leading provider of innovative hardware and software solutions for precision agriculture, announced a strategic OEM partnership with Pulse Aerospace ("Pulse") of Lawrence, KS, to integrate SATLOC®, application controls with a new generation of unmanned aerial system ("UAS") solutions for precision agriculture.
Pulse Aerospace is a specialized flight controls and systems developer of advanced helicopter UAS technologies. Its flagship product line, VaporTM UAS, is being distributed globally. The Vapor 35TM and Vapor 55TM UAS combine the world's most advanced flight controls technology with class leading payload, endurance, and safety in a military grade unmanned helicopter.
The business partnership will add to Pulse's portfolio of precision management tools by integrating its advanced UAS technology together with the globally recognized SATLOC brand of aerial guidance and application control technologies.
Following nearly a decade working on advanced flight control system design and integration for UASs, Pulse Aerospace has proven advantages in design, safety, and ease of use for commercial-grade applications, in both light and heavy payload environments.
"The Pulse UAS technology is a key component in our OEM strategy, offering our customers and channel partners a highly reliable and cost effective solution," said Rick Heiniger, President and CEO of AgJunction.
"This partnership addresses a specific market need; many of our customers are looking to simplify the integration of UAS imagery and spray applications into their existing precision programs, and we believe Pulse's technology will provide just this capability within our SATLOC product line," added Heiniger.
Pulse Aerospace will be the exclusive global OEM for SATLOC application technologies and branding on UAS. Under a separate agreement, SATLOC veteran TJ Craig has been appointed Director of Agriculture, for Pulse Aerospace, effective February 9, 2015.
"Pulse Aerospace is proud to be associated with SATLOC in its efforts to provide UAS technologies to its dealers and customers," said Bill Donovan, CTO of Pulse Aerospace.
"Pulse's HeliSynthTM technology will allow users to carry the payloads necessary to do real work in conditions present in agricultural applications, and we are looking forward to working directly with SATLOC®, customers and applicators around the world. We have exciting technologies to come."
AgJunction, Inc. provides innovative hardware and software applications for precision agriculture worldwide. The Company holds numerous patents and markets its products and services under leading brand names including Outback Guidance®, SATLOC®, and AgJunction® Cloud Services. AgJunction supports advanced farming practices and enables seamless data connectivity among growers and their agricultural service providers. The Company is headquartered in Hiawatha, Kansas, with facilities in Arizona, Pennsylvania, Manitoba and Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol "AJX." For more information, please go to www.agjunction.com.
About Pulse Aerospace
Pulse Aerospace is the premier developer of helicopter Unmanned Aircraft Systems (UAS) flight control technology in the United States. Pulse's HeliSynthTM technology makes flight control, payload, and endurance capabilities historically limited to high cost military vehicles, available at commercially relevant price points. Based in Lawrence KS, the Company has a long history of advanced aeronautical achievements and has successfully developed and commercialized the world's most advanced helicopter UAS rotor technology. For more information, please go to www.pulseaero.com
SOURCE Agjunction Inc.
For further information: Aaron Lessig, President & CEO, Pulse Aerospace, [email protected]; Rick Heiniger, President & CEO, AgJunction, [email protected]; Cory Pala, Investor Relations, 416-657-2400, [email protected]