Mississauga, Ontario and Sacramento, California–(Newsfile Corp. – July 8, 2021) – Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF) (CVE: BEE) (the “Company” or “BVT”) today announced that it has secured its first revenue commitments with US sunflower growers and has successfully expanded into other activities within this crop, including demonstration and research trials. This marks significant progress in penetrating the US $470 million(1) sunflower market.
“What BVT has accomplished in the first half of 2021 has put us on a fast-track for accelerating growth, all due to our focus on diversifying the Company’s revenue mix,” said Ashish Malik, CEO of BVT. “In addition to making inroads into the sunflower market with first-time revenues, we accelerated market penetration in the berry and almond markets, kick-starting California and New Jersey with initial trials, and securing revenues in the US Southeast, Midwest and Pacific Northwest. These milestones ensure a diverse revenue base for continued growth and maximized shareholder value. They also show that our product solution is gaining traction with new American growers and that we have excellent customer retention. With our success in multiple crops, and as we continue to widen the geography of our sales reach, we are strengthening our foothold in the US which will expedite our business expansion.”
“BVT’s first revenue commitments with sunflower growers in the US Midwest are for commercial pilots of BVT’s natural precision agriculture system on portions of their crop fields,” said Ian Collinson, Sales Manager at BVT. “We have also expanded our market reach by making inroads into a second major growing region for sunflowers, with the first US Pacific Coast based demonstration trial for this crop now being conducted in two locations with a global sunflower seed producer.”
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