Charlottesville, VA and Limburgerhof, Germany — October 21, 2024 — AgroSpheres, a biotechnology leader in sustainable crop protection and crop health, and BASF, a global leader in agricultural solutions, are excited to announce their strategic partnership on a category defining novel bioinsecticide. This collaboration marks a significant step forward in sustainable agriculture solutions aimed at enhancing crop protection.
The companies are working together to develop biological crop protection products leveraging AgroSpheres AgriCell-powered biomolecules. Both companies are encouraged by the levels of efficacy that have been demonstrated at low dose rates to control key agricultural lepidopteran pests. Both companies are committed to working together to develop innovative and sustainable crop protection products that will increase the choices available to farmers to manage pests and support optimal productivity.
Payam Pourtaheri, CoFounder and CEO of AgroSpheres, stated, "Our partnership with BASF exemplifies the synergy that can be achieved when innovative biotech meets extensive agricultural expertise. The results of our bioinsecticide development are extremely promising, and we are eager to continue our work together to bring effective solutions to farmers worldwide."
Ameer Shakeel, CoFounder and CTO of AgroSpheres, added, "This collaboration is a testament to our team’s ability to develop novel biomolecules, amplify them with the AgriCell and forge strategic partnerships to reach farmers around the world. We are proud to partner with BASF and are excited about the potential impact of our partnership."
Both companies are committed to furthering their research and development efforts, with plans to accelerate the development of this product line and launch a pipeline powered by the AgriCell.
Stephanie Jensen, Vice President, Crop System Rice and Portfolio Solutions Insecticides and Seed Treatment, BASF Agricultural Solutions, concluded, "We are incredibly encouraged by the results we've achieved thus far and by the potential impact for our customers from this innovative technology. Moving forward, our focus remains on delivering a bioinsecticide that adds genuine value for farmers, promoting higher yields and healthier crops.”
Stefan Tresch, Head of New Technologies & BioSolutions at BASF Agricultural Solutions, remarked, "BASF is dedicated to developing innovative solutions that provide added benefit to our agricultural customers, and we believe in the unique value represented by the AgriCell platform. AgroSpheres has showcased some of the most promising biomolecules we’ve encountered. Our collaboration with AgroSpheres isa testament to the power of partnerships in driving innovation.”
Both AgroSpheres and BASF are dedicated to fostering a sustainable agricultural ecosystem, and this partnership is a crucial step in that journey.
AgroSpheres Media Contact:
Valerie Martin
Email: val@valphadog.com
Phone:612-743-4013
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About AgroSpheres
AgroSpheres envisions a future built by nature’s technologies. Based in Charlottesville, VA, the company’s mission is to revolutionize agriculture with reliable and affordable biobased solutions. AgroSpheres’ deep pipeline of biomolecules and patented AgriCell platform facilitate the development of biological pesticides with multi-year shelf lives and high field efficacy. The company’s platform makes it cost-effective to deploy novel biomolecules, plant extracts, and small molecules in the field at significantly reduced doses. For more information, visit www.agrospheres.com.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.