- Bee Vectoring Technologies (CSE:BEE) has announced it has been granted a U.S. patent for its Honeybee Hive Dispenser System
- The computer-controlled system helps with uniformed delivery of plant products to crops using honeybees
- This is the company's first U.S. patent for its honeybee dispenser system
- The patent will help make crop protection delivery effective and consistent
- This system is part of the company's strategy to serve almost 3 million commercial beehives in the U.S. and 91 million worldwide
- Shares of Bee Vectoring Technologies were down 1.22 per cent to C$0.41 as of 3:10 p.m. EDT.
Bee Vectoring Technologies (BEE) has been granted a U.S. Patent for its honeybee hive dispenser system.
The latest version of the system is computer-controlled and allows metered, uniform delivery of plant protection product crops by using commercial honeybees.
This is the company's first patent for its honeybee dispenser system.
The system is part of the company's growth strategy plans to serve nearly 3 million commercial beehives in the U.S. and over 90 million worldwide.
By using both honeybee and bumblebee systems, the company is able to extend its reach to 100 per cent of the bee vectoring industry for flowering crops such as almonds, sunflowers, apples, blueberries, melons, strawberries and raspberries.
"Our patented system can be efficiently added on to commercial honeybee hives, for growers to get the added value of disease control on top of pollinating their crops," Ashish Malik, CEO of Bee Vectoring Technologies, said in a release.
"This new computer-controlled version makes crop protection delivery even more effective and consistent."
The company's initial product offering, the bumblebee system, is currently being adopted by growers east of the Rockies, but in the western U.S. commercial bumblebees are not currently being used for pollination or bee vectoring.
The honeybee system is crucial to the company's growth in these areas, particularly where berries are grown in the Pacific Northwest and California, which is the largest agriculture market in the U.S.
Bee Vectoring was recently granted regulatory approval in California, where there are 1.3 million acres of crops that the company can target, with 1.1 million of these crops already using commercial honeybees for pollination.
"The patented honeybee system maximizes our market opportunity," Ian Collinson, sales manager at Bee Vectoring Technologies, said in a statement.
"It has been in use with growers commercially since early 2020 in key US blueberry and caneberry regions including the Southeast, Northeast, Midwest and Pacific Northwest.
The company is continuing to pursue intellectual property strategies with over 65 patents granted worldwide with 35 pending in regions like North America, South America, Europe, Asia and Australia.
Shares of Bee Vectoring dipped 1.22 per cent to C$0.41 as of 3:10 p.m. EDT.