Traditional pesticides used to prevent pests from destroying crops have been proven to be toxic to manufacturers and consumers. Acute pesticide poisoning is a major issue, especially in developing countries. Bee Vectoring Technologies International Inc. (BEE:CA) , a Canadian company that specializes in the delivery of required compounds to flowering plants, may now be in the position to provide a natural solution to an industry-wide problem.
Today, Bee Vectoring has officially opened the doors of its state-of-the-art production and research facility. Located in Ontario, the 7000-square-foot facility will produce, annually, up to $100 million in products used within the company’s organic pesticide systems.
"This is a major milestone in the commercialization of a solution that has the potential to fundamentally alter how pests and diseases are controlled in the fruit and vegetables we eat,” said Michael Collinson, CEO of Bee Vectoring. “We are fortunate to have a world-class team that has developed this solution. We now have a world class facility that will enable us to scale rapidly and take advantage of significant business development opportunities we are seeing, for a disruptive solution like BVT's in the national and global food growing industry."
A Natural Solution for a Vital Industry
Bees are used to deliver natural biocontrol agents and fungal pathogens to flowering plants through BVT’s inoculum dispenser system. Although bees have the reputation of being potentially harmful pests, they are responsible for nearly one-third of the United States’ food population.
“BVT's technology is a unique solution which has major market appeal as it directly addresses the rapidly escalating needs of global organic and other growers for biological crop protection," said Claude Flueckiger, BVT Board Member & Syngenta Global Product Biology Lawn & Garden Lead.
This milestone follows the company’s recent $1.6 million private placement deal. The net proceeds of the offering were used to fund the development of BVT’s manufacturing plant, as well as general purposes, hiring and EPA approvals. The way that the world’s crops are grown and maintained is about to be forever changed. With the help of a team of internationally recognized scientists and experts now housed in this brand new facility, Bee Vectoring is harnessing the power of nature to revolutionize the agricultural industry.
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