Bee Vectoring Technologies International Inc BEVVF

BEE News: First Foliar Application Sale

[kulewater]

Bee Vectoring Technologies Announces First Sale of CR-7 to BioSafe for Foliar Application

Mississauga, ON Canada and Sacramento, CA USA (September 28, 2023) – Bee Vectoring Technologies International Inc. (the “Company” or “BVT”) (CSE: BEE) (OTCQB: BEVVF) (CVE:BEE) is pleased to announce its first sales order of BVT’s Clonostachys rosea CR-7 (CR-7) proprietary microbe for use in the foliar application market. This groundbreaking deal is with BioSafe Systems, an industry leader in environmentally sustainable products. This is the result of an earlier announcement of a commercial agreement between BVT and BioSafe to develop and market end-use biological products for plant health and control of foliar and soil diseases.
 
“Not only is this BVT’s first sale to a larger Ag-inputs company, it’s also an entry into a totally new market and revenue source, giving us access to markets where bees are not used for the first time,” said Ashish Malik, CEO of BVT. “This confirms that our strategy to expand business to channel partners like BioSafe is working well and paying dividends, as it enables us to scale growth and expand market share much more quickly.”
 
This inaugural sale of technical-grade CR-7 marks BVT’s entry into the foliar business. BioSafe will take CR-7, use it to create a proprietary formulation and sell it to their distribution network in the foliar market. BVT will receive a royalty for every BioSafe sale.
 
“We’ve also just finished characterizing CR-7 for the control of various diseases across multiple crops,” said Dr. Mason Newark, Field Technical Manager at BVT. “This validates CR-7 as a broad-spectrum biofungicide across many crops and creates a solid foundation for building up our foliar business.”
 
The deal with BioSafe is a key milestone in BVT’s ongoing corporate expansion strategy. “Entering the foliar business expands our market in exciting new ways,” said Mr. Malik. “It demonstrates successful execution of our business strategy, which is to focus on both geographic expansion and finding new applications for CR-7.”

About Bee Vectoring Technologies International Inc.
BVT, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240 billion crop protection and fertilizer market. BVT 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. BVT’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, BVT has over 55 granted patents, over 35 patents pending in all major agricultural countries worldwide and has US EPA registration of its Vectorite™ with CR-7 (EPA Registration No. 90641-2) for sale as a registered biological fungicide for use on the labeled crops.

Additional information can be viewed at the Company’s website www.beevt.com. To receive regular news updates from the Company, subscribe at www.beevt.com/newsletter.

BVT Company Contact:
Ashish Malik, President & CEO, BVT
[e-mail]
 
BVT Investor Contacts:
Babak Pedram
Virtus Advisory Group
Tel: [phone]
[e-mail]

[Quailman]

This is a big deal