Five years after introducing its crop fertility products with nano technology, Aqua-Yield is eyeing further product development while expanding its footprint.
“Today, 75% of our revenue comes from our ag products, and the balance is from the turf business,” says Aqua-Yield Clark Bell. “We currently have 30 distributors in the U.S, but we are looking to double that be the end of 2019.”
Bells says this includes expanding beyond its farmer network of distributors to include traditional ag retail and dealers, with those coming on-board in the first or second quarters of 2019.
Another development for the company is forming a first of its kind collaboration between the company and University of Utah’s Center for Technology & Venture Commercialization. This university/corporate partnership is located at the university’s Nano Institute, which is overseen by co-director Dr.Hamid Ghandehari.