European Patent Office grants first patent to BVT
With the grant by the EPO the Company can now validate the patent in the 38 countries that are Member States of the European Patent Organisation. This is a procedural step, which includes filing some paperwork and paying a validation fee, but no further review is required. The company will validate the patent in countries based on the size of the market opportunity that exists in each country.
BVT CEO Ashish Malik said, "Europe as a region represents a significant revenue opportunity for the company. The market forces growers to adopt sustainable crop production practices are significant across Europe. They favor the reduction in use of chemicals and adoption of practices that reduce the impact of agriculture on the environment have been faster in Europe than in other regions. This is what BVT's system is all about." Malik added, "This is our first patent approved by the EPO; 3 other patents are currently under review. As we develop our system for growers across Europe and advance our business development discussions with potential partners, this patent and the others that will follow, will allow us to assert our intellectual property rights and give us a competitive advantage."
BVT's technology described in the patent includes a specialist apparatus for the treatment of plants with inoculants and control agents to manage diverse diseases and pests and enhance the yield and quality of crops. The inoculants and control agents are housed in proprietary removable trays within a dispenser system that is incorporated in the lid of commercial bumble bee hives. The bumble bees pick up the product on their way out of the hive and deliver the treatment to the plant in a very targeted and sustainable way. BVT has also filed a patent application with the US patent office for a unique and novel system that allows the delivery of plant protection products to crops using commercial honeybees.
For more information:
Bee Vectoring Technologies International Inc.
Michael Collinson
President & CEO
647-660-5119
marketing@beevt.com
www.beevt.com