Bee Vectoring Technologies International Inc. (TSX-V: BEE) (OTCQB: BEVVF) announced today that it has received patent allowance for its microbial strain Clonostachys rosea strain BVT CR-7, granted in the United States. This patent allowance protects a critical component of BVT’s proprietary vectoring technology.
This is the first patent granted to BVT for its CR-7 microbial strain, representing the start of a fourth family of granted patents in BVT’s expanding patent portfolio. This patent application is under review by 15 other patent authorities around the world, including the European Patent Office.
“This is a milestone patent protecting our proven CR-7 fungal strain and recognizes its unique properties as a plant beneficial microbe including the biological control of various plant diseases,” stated Ashish Malik, President and CEO of BVT. “This patent protects our CR-7 product, independent of its use as a biologic control agent vectored by bees. It enables BVT to concurrently develop revenue streams for CR-7 use in foliar sprays and seed treatments, in a well-established traditional global fungicide market.” According to MarketsandMarkets™ the global fungicide market is estimated to be US $15 billion a year.
By pursing an aggressive Intellectual Property (IP) strategy, BVT ensures that it will be strongly positioned to capture market share. In addition to the fungal strain family, BVT has granted patents in two families covering different aspects of a bumble bee hive dispensing apparatus and a family of patents covering carrier formulations which allow microbial strains to be carried by bees. BVT is awaiting results on filed patents in a fifth family covering the new honey bee dispenser system that enables honey bees to be used as delivery mechanisms for CR-7 and other biological controls. In all, BVT has over twenty granted patents across five continents: North America, South America, Europe, Asia and Australia.
About Bee Vectoring Technologies International Inc.
BVT has developed and owns patent-pending bee vectoring technology that is designed to harmlessly utilize bumblebees and honey bees as natural delivery mechanisms for a variety of powdered mixtures comprised of organic compounds that inhibit or control common crop diseases, while at the same time enhancing crop vigor and productivity. This unique and proprietary process enables a targeted delivery of crop controls using the simple process of bee pollination to replace traditional crop spraying, resulting in better yields, superior quality, and less impact on the environment without the use of water or disruptions to labor.
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