AgJunction Secures Patent for Integrated Multi-Sensor Vehicle Control
SCOTTSDALE, AZ, July 9, 2019 /PRNewswire/ - AgJunction Inc. (TSX: AJX), the Autosteering Company™ ("AgJunction"), has announced that it has received a notice of allowance from the U.S. Patent and Trademark Office for a patent titled "Integrated Multi-Sensor Control System and Method."
"As we move toward increased vehicle autonomy and multi-vehicle cooperation in agriculture, more robust guidance and vehicle controls are necessary," states M. Brett McMickell, sr. vice president of global product development. "This invention improves both by fusing data from multiple sensors to create a consistent and detailed understanding of the environment and operations being conducted."
"AgJunction has the most comprehensive intellectual property portfolio in precision agriculture and vehicle control, providing unmatched IP protection for our OEM and VAR partners," said Bob Barjesteh, vice president M&A, IP and general counsel for AgJunction. "Our plan is to continue building the strength of our portfolio protecting our new products and aggressively enforcing our patent rights against infringers in the industry."
Since 2016, AgJunction has added 72 new patent matters and has had 12 new patents issued. The company currently owns or exclusively licenses approximately 200 precision agriculture patents and pending patents worldwide.
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, including, but not limited to, the sufficiency of budgeted capital expenditures in carrying out planned activities; that AgJunction's future results of operations will be consistent with management expectations in relation thereto; availability of key supplies, components, services, networks and developments; the impact of increasing competition; conditions in general economic, agricultural and financial markets; demand for the Company's products; and the continuity of existing business relationships.
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. These include, but are not limited to the risks associated with the industries in which AgJunction operates; competition; inability to introduce new technology and new products in a timely manner; legal claims for the infringement of intellectual property and other claims; negative conditions in general economic, agricultural and financial markets; and reduced demand for the Company's products. Readers are cautioned that the foregoing list of factors is not exhaustive.
Additional information on other factors that could affect the Company's operations or financial results, are included in reports of AgJunction on file with applicable securities regulatory authorities, including but not limited to, AgJunction's Annual Information Form which may be accessed on its SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof and AgJunction undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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SOURCE Agjunction Inc.
Company Codes: Toronto:AJX
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