Bee Vectoring Technologies files new patent for computer-controlled honeybee hive dispenser system
Dec. 12, 2019
“The agricultural industry is in the midst of a new green revolution, and the Company’s more cost effective and highly targeted delivery systems will assist with the increased adoption of new biological compounds currently being developed to replace more chemicals. The cost to growers will be reduced as only minimal amounts of natural product is required, less than 1% of the amount used in conventional spraying, since bee vectoring enables the delivery of product to where it will do the most good, the blooms,” says Ashish Malik, CEO of Bee Vectoring Technologies.
The new honeybee system is part of BVT’s growth strategy to increase its addressable market fully to include the entire estimated 2.5 million(1) commercial bee hives in the US and 91 million(2) worldwide. Leveraging both honeybee and bumblebee systems extends the Company’s market reach of crops in all markets, which means the Company can address 100% of the bee vectoring market for flowering crops. This includes high volume crops such as almonds, sunflowers and apples and high value crops such as blueberries, melons, strawberries and raspberries.
“For the Company’s continued commercial sales efforts in the US following the EPA approval this past summer, the initial BVT system is designed for use with bumblebee hives and is currently being marketed for crops grown east of the Rockies – where we’ve already announced a number of grower deal successes. This new honeybee system is critical for BVT’s immediate market expansion into western US, where there are currently no commercial bumblebees approved for sale either for pollination or bee vectoring,” adds Mr. Malik.
Honeybees emerging from BVT Honeybee Hive Dispenser Systems
BVT continues to pursue an aggressive IP strategy, with over 65 patents granted worldwide and over 35 pending, including the new honeybee system. Consisting of six patent families, the patents cover North America, South America, Europe, Asia and Australia.
“Secured patents safeguard the Company’s competitive advantage,” continued Mr. Malik. “And since most companies prefer to work with proprietary and patent-protected technologies, they allow us to develop vital partnerships with those interested in introducing our system to growers worldwide, scaling our operations quickly and efficiently.”
(1) (2) Source: FAO, United Nations, 2017 Statistics
(3) (4) Source: Global AgInvesting, www.globalaginvesting.com/saving-bees-saving-ourselves/
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