Vultus AB: Vultus enters into partnership with agtech-company Agdir – initial order of 0.6 MSEK

Press release from Companies

Publicerat: 2024-06-19 12:20:00

Vultus AB: Vultus enters into partnership with agtech-company Agdir - initial order of 0.6 MSEK

Vultus AB (publ) has entered into a partnership with the Norwegian agricultural technology company Agdir AS ("Agdir") combining the offerings of the companies, farm management, and crop-specific analyses. Through the partnership, Vultus and Agdir will jointly provide a complete farm management solution where farmers can plan farm operations and receive crop-specific decision support. The partnership includes a revenue share model between the companies for affiliated and future organizations and members. The initial order value amounts to approximately 0.6 MSEK and is expected to increase as more organizations and members join the platform.

"I am impressed by how Agdir has developed its farm management platform and very pleased with this cooperation. Through the partnership, we can now offer organizations and individual farmers a complete farm management platform in combination with our analyses, which adds great value to our market offering," comments Per Karlsson, CEO of Vultus.

Vultus has entered into a partnership and agreement with the Norwegian agricultural technology company Agdir on a revenue share model, where Vultus analyses are integrated during Q3 2024. Agdir provides a farm management platform where farmers can manage and plan farm operations based on resources and production goals. Along with Vultus analyses, crop-specific recommendations and decision support for managing the crop lifecycle are added. The initial order value amounts to approximately 0.6 MSEK and is expected to increase as more organizations and members join the platform.

"This partnership marks an important milestone for Agdir. By combining our respective strengths, we can now offer a comprehensive platform that both optimizes agricultural processes and contributes to increased profitability for our users," comments Andre Skoog Bondevik, CEO of Agdir.

This information is information that Vultus AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 12:20 CET on 19 June 2024.

For more information about Vultus, please contact

Per Karlsson, CEO Vultus AB

Phone: [phone]

E-mail: [e-mail]

Website: www.vultus.se

About Vultus AB (publ)

Vultus is an agtech company that offers analysis of crops and soil conditions based on satellite data. Vultus provides decision support for efficient and sustainable agricultural practices globally through the company's platform service. The Vultus share (Ticker: VULTS) is listed on Spotlight Stock Market. For more information about Vultus, please visit: www.vultus.se

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240619 - Vultus - Agdir-EN