Boca Raton-based agricultural biotechnology firm Zero Gravity Solutions Inc. (ZGSI) recently reached an agreement that will enable its BAM-FX product, a micro-nutrient delivery system for plants, to be distributed in Paraguay.
Under the agreement, a Paraguay company owned by David Teixeira Do Amaral will supervise sales, distribution and overall management for introducing and marketing Zero Gravity Solutions’ BAM-FX into the country for at least a three-year period. The transaction commits Teixeira’s business to an initial order of 74,000 gallons.
“We have spent several months with our six-member agronomy team and scientists along with agronomists representing BAM Agricultural Solutions in multi-location field trials,” Teixeira said. “BAM-FX has increased yields and plant vigor, allowing us to increase production output for expanding Paraguay’s exports to international agricultural markets. BAM-FX will be an important agricultural technology that will complement my company’s precision agricultural philosophy.”
BAM Agricultural Solutions, a subsidiary of Zero Gravity Solutions, expects to begin shipping within 30 to 60 days, pending completion of government paperwork.
Glenn Stinebaugh, president and CEO for both ZGSI and its BAM branch, was enthusiastic about the arrangement, calling Teixeira an “agricultural visionary.”
“Teixeira has assembled a portfolio of precision agricultural technologies, including satellite imaging for soil analysis and proprietary soil amendments, as well as an experienced staff of scientists, agronomists and precision agricultural management specialists,” Stinebaugh said. “We are pleased to be a part of this team introducing new technology to agriculture practices in Paraguay,”
Zero Gravity Solutions is a public biotechnology firm with a focus on sustainable agriculture in the form of micronutrient delivery for new commercial plant uses and potential applications for non-GMO stem cells in a low or zero gravity environment.