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LONGMONT, Colo. and ROMNEY, Ind., July 9, 2020 /PRNewswire/ — S&W Berry Aggregation (Nasdaq: SANW) and The Agronomical Alumni Berry Improvement Association, Inc. (Ag Alumni Seed) today appear the beheading of an absolute acceding to coact on joint development of dhurrin-free sorghum for use in S&W’s grain, sweet, beat sorghum and added sorghum species. Dhurrin is a forerunner to prussic acid, which is awful baneful to ruminant animals that augment on beginning sorghum forage. This accord is accepted to accompany innovations to sorghum assembly which will aggrandize crop administration options to optimize livestock grazing, autumn timing and beat quality.
S&W Berry Aggregation is a arch provider of berry genetics, production, processing and marketing. (PRNewsFoto/S&W Berry Company)
Pursuant to the agreement, Ag Alumni Seeds has accepted S&W an exclusive, common authorization to the new dhurrin-free trait, and will accommodate dhurrin-free ancestor and amalgam berry developed at Purdue University application acceptable ancestry and non-GMO mutations. S&W will accord best-in-class artefact development, assembly and business to bear aerial affection sorghum hybrids that accommodate the dhurrin-free affection to sorghum growers.
“The beat sorghum industry has had bound technology brought to the bazaar in contempo years. We accept the dhurrin-free technology provides us with an befalling to accompany avant-garde a artefact band that can accommodate bigger beat management, assurance and potentially bigger palatability and digestibility for ruminant animals,” said Dr. Don Panter, S&W Executive Vice President, Americas. “At S&W Berry we attending at sorghum as one of our key artefact curve and accept prioritized our R&D efforts to accompany improvements in analysis and technology to sorghum growers. The dhurrin-free technology is addition archetype of our charge to accompany avant-garde ancestry to the sorghum industry, like the Double Team™ edger ascendancy arrangement we appear beforehand this year. We apprehend to be able to action a broad-spectrum band of dhurrin-free sorghum hybrids to the exchange through our Sorghum Partners® cast in the advancing years.”
“In bringing avant-garde analysis technology from our university accomplice Purdue University to the marketplace, this accord amid Ag Alumni and S&W will accommodate the aboriginal dhurrin-free sorghum in the bazaar to abutment bigger beat administration techniques for sorghum growers,” said Jay Hubert, President and CEO of Ag Alumni Seeds. “This new agriculture band-aid is accepted to abridge affirmation and beat administration by accouterment sorghum growers with an able administration arrangement to get the best from every assembly acre.”
“Sorghum is able-bodied acclimatized to drought-prone environments; however, its use as a beat crop has been bound by apropos about managing prussic acerbic abeyant of the crop,” said Mitch Tuinstra, Professor of Plant Ancestry and Wickersham Chair of Excellence in Agronomical Analysis at Purdue University. “The development of dhurrin-free sorghum addresses this important application and can accommodate farmers with greater adaptability in production. Given the outstanding baptize use adeptness of sorghum, these new dhurrin-free varieties may alter added beat crops that crave added baptize for production.”
David Callachor, S&W Berry Aggregation Executive Vice President, International, said, “We anticipate this is a abundant befalling for S&W barter about the globe, whether you’re agriculture in the United States, South Africa, Saudi Arabia or Australia. In best markets beat sorghum is aching by sheep and cattle, and farmers accept risked livestock bloom due to prussic acerbic contagion beneath assertive conditions. This development of dhurrin-free sorghum is accepted to annihilate that threat, giving our barter a safe artefact and alms accord of apperception behindhand of growing altitude or agriculture and agriculture practices.”
Extensive acreage trials are planned for 2020-2021 to verify amalgam achievement and fine-tune the agriculture allowances of dhurrin-free sorghum system. Development of authoritative abstracts is underway to access all-around approvals for the affection and to advice ensure atom can be traded and exported through accustomed bartering atom channels.
About S&W Berry CompanyFounded in 1980, S&W Berry Aggregation is a all-around agronomical aggregation headquartered in Longmont, Colorado. S&W’s eyes is to be the world’s adopted proprietary berry aggregation which aliment a ambit of beat and specialty crop articles and supports the growing all-around appeal for beastly proteins and convalescent customer diets. S&W is a all-around baton in proprietary alfalfa, sorghum and affirmation seeds, with cogent analysis and development, assembly and administration capabilities. S&W’s artefact portfolio additionally includes amalgam sunflower and aureate and the aggregation is utilizing its analysis and ancestry adeptness to advance and aftermath stevia, the all-natural, aught calorie aspartame for the aliment and cooler industry. The company’s Sorghum Partners® cast provides high-quality sorghum seeds that are buried on millions of acreage about the world. For added information, amuse visit www.swseedco.com and www.sorghumpartners.com.
S&W Berry Aggregation Safe Anchorage StatementThis absolution contains “forward-looking statements” aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as adapted and such advanced statements are fabricated pursuant to the safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” call approaching expectations, plans, results, or strategies and are about preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” Advanced statements in this absolution include, but are not bound to, statements apropos dhurrin-free sorghum hybrids, including bigger crop and affirmation management, description of crop management; accepted timing and after-effects of acreage trials and authoritative approvals; accepted bartering availability of dhurrin-free sorghum hybrids; and statements apropos the advance of our cardinal plans. You are cautioned that such statements are accountable to a aggregation of risks and uncertainties that could account approaching circumstances, events, or after-effects to alter materially from those projected in the advanced statements, including the risks that dhurrin-free sorghum hybrids may not crop the accepted results, our accord with Ag Alumni Seeds may not advance as planned, the bazaar for dhurrin-free sorghum hybrids may never develop, appeal for and assembly of sorghum in our ambition markets may decline, as able-bodied as risks associated with our adeptness to auspiciously optimize and commercialize our business. These and added risks are articular in our filings with the Securities and Exchange Commission, including after limitation our Annual Report on Form 10-K for the budgetary year concluded June 30, 2019, and in our added filings after fabricated with the Securities and Exchange Commission. All advanced statements independent in this columnist absolution allege alone as of the date on which they were made. We do not undertake any obligation to about amend any advanced statements, whether as a aftereffect of the cancellation of new information, the accident of approaching contest or otherwise.
Company Contact: Matthew Szot, Chief Financial OfficerS&W Berry CompanyPhone: (720) 506-1164www.swseedco.com
Investor Contact:Robert Blum,Lytham Partners, LLCPhone: (602) [email protected]
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SOURCE S&W Berry Company
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