05:08:51 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Bee Vectoring Technologies International Inc
Symbol BEE
Shares Issued 171,349,417
Close 2024-03-20 C$ 0.035
Market Cap C$ 5,997,230
Recent Sedar Documents

Bee Vectoring enters Texas market with first customer

2024-03-21 11:15 ET - News Release

Mr. Ian Collinson reports

BEE VECTORING TECHNOLOGIES ANNOUNCES ENTRY INTO TEXAS MARKET WITH FIRST CUSTOMER

Bee Vectoring Technologies International Inc. has entered into the Texas market with its first customer. The grower, who is based in Hardin county, Texas, will use Bee Vectoring's natural precision agriculture system for bumblebees on blueberry and strawberry crops. After deploying the Bee Vectoring system for the first time last year, the customer has more than tripled his order for this year's growing season.

Bee Vectoring is becoming increasingly well known within the American agriculture industry, with a reputation that is building quickly through word of mouth. The Texas grower initially heard of Bee Vectoring from another grower in Florida who is using the company's natural precision agriculture system -- and is sharing the benefits of the system with growers in his own area. "This customer isn't just ordering BVT product for use on his own berry crops, he's also buying it in bulk for other growers in his area," said Ian Collinson, sales manager at Bee Vectoring. "This shared order means all of the growers in the collective experienced the disease-fighting and yield-improving benefits of the BVT system last year and each of them have expanded the use of the product on more acreage on each of their farms."

The Texas customer's approach reflects a growing trend across Bee Vectoring's U.S. market: they are seeing increasing interest for bulk orders from a single grower that are then shared between a collective of farmers in an area, with one of them becoming an informal distributor for all the others.

Texas grows an estimated 400 acres of strawberries and 700 acres of blueberries. Most large commercial producers in the state for strawberries grow their crop on seven to 12 acres, while smaller operations start at 1,000 plants and go up to three acres.

"A customer buying on behalf of a collective of farmers is an opportunity for Bee Vectoring to gain more sales in its addressable U.S. market. It is an efficient way to penetrate into new states and smaller growing regions without substantial growing acreage for berries or the individual buying power to put in a substantial order," continued Mr. Collinson.

About Bee Vectoring Technologies International Inc.

Bee Vectoring, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240-billion crop protection and fertilizer market. Bee Vectoring has pioneered a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. Bee Vectoring's award-winning technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides -- and improving the health of the soil, the microbiome and the environment. Currently, Bee Vectoring has over 55 granted patents, many more patents pending in all major agricultural countries worldwide and has U.S. Environmental Protection Agency registration of its Vectorite with CR-7 (EPA registration No. 90641-2) for sale as a registered biological fungicide for use on the labelled crops.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.