Agrinos receives purchase order to treat 1 million hectares of ...

News release 2011-10-04
Agrinos receives purchase order to treat 1 million hectares of Mexican
agricultural land
Agrinos announced 19 September 2011 that it was named as supplier to MasAgro, the ten year
Mexican governmental program to improve agricultural performance on a national scale
Agrinos announces today that it has received its first binding purchase order under the
MasAgro program for a volume of its High Yield Technology products sufficient to treat 1
million hectares of land during the coming four months
The binding purchase order is expected to provide approx USD 20 million in revenue which
will be booked in the fourth quarter of 2011
Agrinos announced on the 19 th of September 2011 that it had signed a “Letter of Intent” (LOI) with
Mexico’s Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA)
pertaining to the large scale use of its High Yield Technology (“HYT”) products within a newly formed
agriculture subsidy program known as “MasAgro”. SAGARPA has initiated this ten year, national scale
agricultural development program to increase maize and wheat productivity, obtain higher returns on the
yields of these strategic crops and decrease the regional and global environmental impact associated
with their cultivation.
Today, Agrinos announces that it has received a binding purchase order from SAGARPA’s designated
agent, Mex Agro Internacional S. A. de. C. V. This order specifies quantities of HYT products sufficient to
treat 1 million hectares of agricultural land participating in the MasAgro program. The deliveries of these
products shall be made on a running basis over the coming four months through January, 2012.
In addition, Agrinos has received a formal request for supplementary quantities of HYT products sufficient
to treat up to an additional 1.9 million hectares of agricultural land. These supplementary quantities are in
addition to and above the 2011 0.5 million to1.0 million hectare target expressed by SAGARPA in the
LOI. The potential supply of additional quantities of HYT products beyond the original volume targets will
be evaluated in the near future.
“With this purchase order, the Mexican government and SAGARPA continue to demonstrate strong
leadership in developing the productivity and sustainability of the Mexican agricultural sector. We are
proud that Agrinos’ technology and expertise have been chosen and we look forward to strengthening our
cooperation with the MasAgro program.” said Tom Einar Rysst-Jensen, Agrinos’ chief executive officer.
He continued “I feel that this order marks a major milestone in the development of Agrinos as an industrial
supplier to the agricultural sector and accelerates our ability to grow internationally.”
In addition to specifying product delivery volumes for 2011, the LOI indicates SAGARPA’s intention to
increase the use of Agrinos products during 2012 and beyond. The indicated increase expands Agrinos
product use to between 7 million and 14 million hectares of agricultural land per year.
Order placed after multi-season evaluation of agricultural technology providers
Agrinos’ HYT products were invited by SAGARPA to participate in the MasAgro program following an
internal, multi-season evaluation of sustainable agricultural technology providers. Agrinos’ products have
been tested by commercial and academic institutions in multiple locations and agro-climatic conditions
within Mexico.
SAGARPA and Agrinos have worked together to define a customized HYT product use protocol suited to
the needs of farmers participating in the MasAgro program. Agrinos will train the technical outreach
Agrinos AS, Org. Number: 993 853 631, Fornebuveien 1, N-1367, Norway
Tel: +47 210 45 600, Fax: +47 215 47 418
www.agrinos.com

program executed by SAGARPA to ensure the correct and effective use of HYT products, while
SAGRPA’s technical outreach program will assist participating MasAgro farmers.
At today’s exchange rates, the binding purchase order is expected to result in approximately USD 20
million in sales revenue for Agrinos, expected to be booked in the fourth quarter of 2011. Any further
supplementary deliveries as specified above will be recognized as sales revenue in the first quarter of
2012.
For more information please contact:
Tom Einar Rysst-Jensen, CEO Agrinos
Cellular: +47 977 94 958
E-mail: tom.rysst-jensen@agrinos.com
Hellek Bråthen, CFO Agrinos
Cellular: +47 450 46 037
E-mail: Hellek.Braathen@agrinos.com
About Agrinos
Agrinos is a green technology company committed to improving the productivity and decreasing the
environmental impact of modern agriculture. Agrinos’ line of High Yield Technology (“HYT”) products
help farmers to practice profitable, high yield sustainable agriculture by providing increased crop
productivity, improved efficiency of conventional fertilizer use and decreased environmental footprint.
Certified organic and based on Agrinos’ proprietary technology, the HYT products provide these
benefits by strengthening the soil-based microbial ecosystem, stimulating crop development at key points
in the growth cycle and boosting natural plant resistance to pathogens and threats. With specific solutions
for a variety of crop categories, the technology comprising the HYT products have demonstrated its value
in more than 1500 trials in key agricultural regions worldwide.
Founded in 2009, Oslo-headquartered Agrinos has grown to include offices and operations in the USA,
Mexico, Malaysia, Colombia, Indonesia, Brazil and the People’s Republic of China. Agrinos enjoys
financial backing from a number of leading international investors and a strong management team lead by
its Chairman, Dr. Thorleif Enger.
Supporting resources:
Agrinos website: www.agrinos.com
Disclaimer
This announcement contains certain forward-looking statements relating to the business, financial
performance and results of the Company and/or the industry in which it operates. Forward-looking
statements concern future circumstances and results and other statements that are not historical facts,
sometimes identified by the words “believes”, expects”, “predicts”, “intends”, “projects”, “plans”,
“estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking
statements contained in this announcement, including assumptions, opinions and views of the Company
or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties
and other factors that may cause actual events to differ materially from any anticipated development.
Neither the Company, nor any of their parent or subsidiary undertakings or any such person’s officers or
employees provides any assurance that the assumptions underlying such forward-looking statements are
free from errors nor does any of them accept any responsibility for the future accuracy of the opinions
expressed in this announcement or the actual occurrence of the forecasted developments. No obligation,
except as required by law, is assumed to update any forward-looking statements or to conform these
forward-looking statements to our actual results.
Agrinos AS, Org. Number: 993 853 631, Fornebuveien 1, N-1367, Norway
Tel: +47 210 45 600, Fax: +47 215 47 418
www.agrinos.com