AgJunction Announces Agreement with Hemisphere

AgJunction, Inc., a provider of hardware and software solutions for precision agriculture, has announced a new strategic agreement with Hemisphere GNSS, Inc., a provider of global navigation satellite systems (GNSS) technology.

For an undisclosed, one-time payment and a new long-term supply agreement, AgJunction has agreed to release Hemisphere from a license restriction that prevented the company from selling its GNSS products directly into the global agricultural market. Supply and market restriction agreements previously created between AgJunction and Hemisphere ended in 2016; the market restriction agreements continued indefinitely.

The agreement is expected to provide customers a more direct relationship with their GNSS supplier, creating better efficiencies for original equipment manufacturers, value-added resellers and growers alike. This agreement is also consistent with AgJunction’s desire to provide its steering customers the ability to choose among several possible GNSS options.

Hemisphere President and CEO Farlin Halsey said the company is “excited to work more directly with our OEM agriculture partners. This new supply agreement will forge a deeper relationship, providing faster response to sales and support requests and increased customer feedback, resulting in stronger innovation and solutions.”

Specific terms of the transaction were not disclosed.

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