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Syngenta : acquires FarmShots, Inc., high-resolution satellite imagery innovator

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02/14/2018 | 01:16pm EST
  • Cloud-based, proprietary software and interfaces offer imagery access anytime, anywhere
  • Helps farmers and trusted advisers quickly, accurately detect field issues
  • Syngenta to accelerate growth on three continents from current 8 million enrolled acres

Research Triangle Park, N.C., U.S.A., Feb. 14, 2018 - Syngenta today announced it has acquired FarmShots, Inc., a North Carolina-based innovator of high-resolution satellite imagery that detects plant health by analyzing absorbed light from field images.
This service was developed to help farmers, agronomists and retailers quickly and accurately spot field issues caused by planter skips, emergence, insect feeding, poor plant nutrition, crop diseases, weeds, other pests and environmental damage. With this capability, FarmShots enables growers and their trusted advisers to reduce field scouting by as much as 90 percent and helps them focus on areas of need.

'FarmShots is a new and unique service that helps us deliver on our commitment to further develop farm management and crop decision-making tools,' said Dan Burdett, head, Global Digital Agriculture, Syngenta. 'We expect to incorporate FarmShots into our digital portfolio and rapidly accelerate growth from the current eight million enrolled acres in the United States, and globally soon after.'

Cloud-based, proprietary software and interfaces developed by FarmShots create high-resolution images, which can be displayed in multiple formats for rapid and accurate indication of field conditions.

The system provides flexibility with growers' secure data and is optimized for use on multiple devices including tablets, laptops and smart phones. FarmShots offers access anytime, anywhere, in an easy-to-use web-based app, and data are exportable into most agricultural software. The service can notify farmers and their trusted advisers, and provide a prescription map for input application or other actions.

FarmShots will integrate seamlessly into Syngenta's AgriEdge Excelsior® whole-farm management system in the U.S., and ultimately will be used by growers worldwide. The Syngenta privacy pledge remains intact with FarmShots: growers maintain control of their data, which continues to be securely hosted in a cloud environment.

In January, John Deere honored FarmShots as its 'Dealer's Choice for Innovation', noting the system is 'realizing for users the reduction in time and effort to target field scouting activities, better manage (and many times reduce) fertilizer usage, and provide visual tools both in the field and in the office.'

About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter at www.twitter.com/Syngenta and www.twitter.com/SyngentaUS.

Media Contacts:
Paul Minehart
202-347-8913
paul.minehart@syngenta.com

Web Resources:
AgriEdge Excelsior
Know More, Grow More
Syngenta Newsroom
Syngenta U.S.
Thrive

Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

©2018 Syngenta, 9 Davis Drive, Research Triangle Park, NC 27709. AgriEdge Excelsior® and the Syngenta logo are trademarks of a Syngenta Group Company. All other trademarks are the property of their respective owners.

Syngenta Corporation published this content on 14 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 February 2018 18:15:08 UTC.

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