Chinaยดs Ministry of Agriculture clearance enables import of soybeans produced using Bioceresยด drought tolerance HB4ยฎ technology
Bioceres Crop Solutions Corp. (โBioceresโ or the โCompanyโ) (NASDAQ: BIOX), a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that Chinaยดs Ministry of Agriculture has publicly communicated its decision to approve the import and use as a raw material of soybeans produced using Bioceresยด proprietary drought tolerance technology, HB4ยฎ. Beijing Da Bei Nong Science and Technology Group Co. Ltd., Bioceresยด partner leading the regulatory efforts in China, confirmed the approval.
Argentina approved HB4ยฎ Soy for growth and consumption in 2015; unrestricted commercialization of HB4 Soy seeds in Argentina had been subject to Chinese import approval. HB4ยฎ Soy is now approved for unrestricted growth and commercialization in the United States, Canada, Brazil, Argentina and Paraguay, all together representing roughly 85% of the global soybean trade.
The Company will provide further comments on the approval and the impact on its business plans in the upcoming financial results conference call scheduled for May 12th 8.30 am EDT.
About Bioceres Crop Solutions Corp.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a fully integrated provider of crop productivity technologies designed to enable the transition of agriculture towards carbon neutrality. To do this, Bioceresโ solutions create economic incentives for farmers and other stakeholders to adopt environmentally friendlier production practices. The Company has a unique biotech platform with high-impact, patented technologies for seeds and microbial ag-inputs, as well as next generation crop nutrition and protection solutions. Through its HB4ยฎ program, the Company is bringing digital solutions to support growersโ decisions and provide end-to-end traceability for production outputs. For more information, visit here.
Forward-looking statements
This communication includes โforward-looking statementsโ within the meaning of the โsafe harborโ provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as โforecast,โ โintend,โ โseek,โ โtarget,โ โanticipate,โ โbelieve,โ โexpect,โ โestimate,โ โplan,โ โoutlook,โ and โprojectโ and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements are based on managementโs reasonable current assumptions, expectations, plans and forecasts regarding the Companyโs current or future results and future business and economic conditions more generally. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievement of the Company to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from managementโs expectations or could affect the Companyโs ability to achieve its strategic goals, including the uncertainties relating to the impact of COVID-19 on the Companyโs business, operations, liquidity and financial results and the other factors that are described in the sections entitled โRisk Factorsโ in the Company's Securities and Exchange Commission filings updated from time to time. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. All forward-looking statements contained in this release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and the Company does not intend to update or otherwise revise the forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.
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Contacts
Investor Relations:
Rodrigo Krause
Head of Investor Relations
investorrelations@biocerescrops.com
Chris Tyson
Executive Vice President
MZ Group โ MZ North America
BIOX@mzgroup.us
www.mzgroup.us
