HIAWATHA, KS, June 28, 2016 /CNW/ - (TSX: AJX) – AgJunction Inc. (AgJunction) and TeeJet Technologies (TeeJet), one of the world's leading application technology providers for Agriculture, have entered into a global strategic partnership. AgJunction will become the preferred steering supplier for TeeJet's range of precision farming solutions. This new agreement further develops the successful relationship between the companies and helps TeeJet advance their global precision farming strategy.
Rich Gould, OEM business manager for TeeJet Technologies said: "I am delighted that we have reached this agreement to integrate AgJunction steering technology with our precision farming products. One of our objectives is to offer innovative and field-proven solutions for our OEM and aftermarket partners. The combination of AgJunction best-in-class steering technology and TeeJet guidance and control capabilities results in outstanding performance and value for our customers".
Dave Vaughn, CEO of AgJunction, added: "Integrated automation and innovative precision steering solutions are important levers for Agtech companies like TeeJet to raise efficiency and productivity whilst ensuring safety and quality. As a reliable partner we will support TeeJet by providing a unique integrated steering portfolio comprising of both hardware and software".
TeeJet Technologies (www.teejet.com) designs and manufactures a comprehensive line of crop protection application products and precision farming technology. The TeeJet product line includes agricultural spray tips, boom components, valves/manifolds, and strainers, as well as GPS guidance systems, sprayer control systems, ISOBUS job computers, assisted steering systems and related products. TeeJet Technologies has a global manufacturing, sales and support network and, with ongoing R&D investments, continues to lead the advancement of precision application technology.
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®. The Company 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 go to www.agjunction.com.
Reader Advisory and Note Regarding Forward Looking Information
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intends" and similar expressions are intended to identify forward-looking information. In respect of the forward-looking information AgJunction has provided such information in reliance on certain assumptions that it believes are reasonable at this time. Readers should not place undue reliance on such forward-looking information contained in this press release since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security which may be referenced herein.
SOURCE Agjunction Inc.
For further information: Dave Vaughn, Chief Executive Officer, (510) 933-4822, DVaughn@agjunction.com; Cory Pala, Investor Relations, (416) 657-2400, 1-877-657-5276, Cory.Pala@evestor.com.