Ties up with Virya to support the exponential growth and commercial opportunities in Asia
Azotic Technologies and Virya announced an agreement to fund rapid global expansion of the Azotic sustainable nitrogen solutions business model. Azotic produces Envita and N-Fix which lead the bio fertility category as the only nitrogen-fixing bacteria that works across multiple crops from within plant cells to fix nitrogen from the air. The technology allows farmers around the world to sustainably manage their nitrogen fertility programme while not compromising productivity.
“The investment from Virya allows us to support the exponential growth we are experiencing in the US and Canada as well as accelerate commercial opportunities in Asia, increase production capacity and enhance formulation development,” explains Ray Chyc, CEO, Azotic, “Our technology provides the balance between productivity and sustainability that agriculture needs and aligns to the purposeful investment strategy of Virya.”
Applied in a liquid formulation as an in-furrow or foliar application, Envita and N-Fix allow farmers to reduce synthetic nitrogen fertilizer use 25-50 per cent while maintaining yield or to apply to existing fertility programmes to boost yields. Dry formulations and seed treatment options are the next innovations in the product development pipeline of this patent-protected technology.
“We are excited about the great potential for Azotic to reduce the carbon footprint of agriculture through solutions that are profitable for farmers,” said Chris Anderson, the lead investor in Virya.
Rapid expansion and hiring begin immediately and run parallel to a global partnership strategy that seeks licensees and master distributors in key markets around the globe.
