Stout Industrial Technology Adds Global Distribution And Investment From CNH Industrial

Helping growers automate labor-intensive field work with artificial intelligence

SALINAS, Calif. - Dec. 9, 2022 - PRLog -- Stout Industrial Technology, Inc. (Stout) has announced an investment from and global distribution agreement with CNH Industrial that will see Stout's AI-powered Smart Cultivators sold and serviced at New Holland dealerships worldwide.

The machines simultaneously cultivate and remove weeds at the rate of 1 – 2 acres per hour and are anticipated to be available for sale at selected New Holland dealers in early 2023. Stout currently has Smart Cultivators operating in locations across the US and in the United Kingdom.

The minority investment by CNH Industrial adds Michele Lombardi to Stout's Board of Directors and adds Stout's proprietary vision system, neural network and AI expertise to CNH Industrial's See & Act portfolio of products.

Stout Industrial Technology is a Salinas, CA based artificial intelligence company focusing on labor-intensive applications in agriculture. The Company builds software-defined implements for tractors that use machine vision and AI to identify and remove weeds via mechanical actuation instead of chemicals. Born inside a grower-shipper operation, Stout's hardware and software solutions are developed from the grower's perspective, hardened in the field prior to commercialization and continuously improved to help growers lower their operating costs and increase their margins.

Learn more at www.stout.ai or follow Stout Industrial Technology on LinkedIn.

CNH Industrial is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial's 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contact
Stout
Brent Shedd
831-455-1004
***@stoutagtech.com
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