Computronics Holdings Ltd (CPS) has successfully negotiated with South America’s largest agricultural machinery manufacturer, Stara S/A Industria De Implementos Agricolas, to provide them with non-exclusive access to the Intellectual Property of its Farmscan Canlink 4500. The US $1.1 million one-off payment to Computronics for the use of the Canlink 4500 IP in Stara’s range of agricultural equipment underpins the true global value of Computronics’ world class precision agriculture technology. Stara will use the Farmscan Canlink 4500 IP to manufacture and install variable rate control and spray control systems into existing agricultural machinery lines. The deal also cements Computronics as Stara’s exclusive supplier of further product development services for these technologies.
Computronics’ Chief Executive Freeman Wyllie said, “While some of the funds raised through this deal will go back into R&D, it has also provided an opportunity to put cash into other areas of the business and to explore other growth opportunities.”
Stara Director Atila Trennepohl said that he considered Farmscan variable rate control and spray control systems to be the best on the market for functionality and simplicity of use.
Stara S/A is the largest manufacturer of agricultural machinery in South America. It has a turnover of US$ 160 million this year and sells over 12,000 agricultural machines per annum. Stara currently exports to 28 countries.
Tags: Computronics, CPS, New contract
