The agreement provides that Stevia Corp will be the exclusive distributor for Agro Genesis’ novel crop production technique known as the ‘g’farm system’ as it applies to the growing of Stevia.
The agreement ensures that all technology-related patents resulting from the project will be co-owned by Stevia Corp and Agro Genesis with Stevia Corp maintaining the right of first refusal for the use and distribution rights of yielded patents.
George Blankenbaker, Stevia Corp president, said: “We are very pleased by this arrangement with Agro Genesis, as their practices are truly superior and we believe this agreement will significantly spur our growth in the sector. Given the rapid global adoption of Stevia, the market is expanding at an amazing rate and we are enthusiastically committed to placing ourselves firmly in the forefront of the opportunity Stevia clearly represents.”
Source: Stevia Corp
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