PHILADELPHIA, July 18, 2016 ― AgroFresh Solutions, Inc. (NASDAQ: AGFS/AGFSW) announced today that it has received approval in Turkey for its new and easier-to-apply Harvista™ formulation, and expects apple growers in Turkey to expand their use of Harvista technology to obtain better crop quality, reduce loss, and improve yield margins. The patented Harvista technology is based on the active ingredient 1-methylcyclopropene (1-MCP), which inhibits ethylene recognition in fruit, allowing for superior fruit quality and improved value from harvest to storage.
Harvista is a pre-harvest application of 1-MCP that provides growers in Turkey a competitive edge by helping them harvest the highest quality fruit at its optimal color and size, to achieve greater revenue and a more profitable operation on a wider basis.
“This is an important formulation approval for AgroFresh and it is another key milestone for us to increase the number of hectares that growers treat with Harvista globally,” said Peter Vriends, Vice President of the EMEA Region for AgroFresh. “The newly approved Harvista formulation is easier to mix and apply, and it enables our customers to enjoy the benefits of better quality apples that they can sell at higher prices.”
AgroFresh has employed a new fleet of sprayers in Turkey that will successfully spray the new Harvista formulation in the orchards. The delivery system includes a fleet of customized tractor-pulled orchard sprayers for service providers to apply the Harvista technology and provide a higher level of customer care.
For more information, visit AgroFresh.com or contact your local AgroFresh representative.
About AgroFresh
AgroFresh Solutions, Inc. (NASDAQ: AGFS/AGFSW) is a global horticultural produce industry leader, providing a portfolio of innovative products and specialty services to maintain the freshness, quality and value of fresh produce and flowers. Its core products include SmartFresh™, the proven post-harvest freshness protection technology for produce; Harvista™, the advanced pre-harvest technology for apples and pears; and RipeLock™, the innovative post-harvest quality system for bananas. AgroFresh currently operates commercially in more than 40 countries and employs more than 170 people worldwide. For more information, visit www.AgroFresh.com.
Forward-Looking Statements
In addition to historical information, this release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, information concerning the Company’s possible or assumed future results of operations, including all statements regarding anticipated future growth, adoption of the Company’s products, business strategies, competitive position, industry environment, potential growth
opportunities and the effects of regulation. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company’s filings with the SEC, which are available at the SEC’s website at
www.sec.gov.
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SOURCE AgroFresh Solutions, Inc.
For AgroFresh Solutions, Inc., Donna Greiner, AgroFresh Solutions, Inc., +1 610-244-6665, DAGreiner@agrofresh.com
