MAUMEE, Ohio, July 1 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) announces a collaborative team it is leading has been
recommended to receive $5 million in grants from the Ohio Third Frontier
Commission. The grants are for the development and commercialization of
advanced granules and other emerging technologies to provide solutions for
the economic, health, and environmental concerns of today's agricultural
industry.
The collaborative team consists of:
-- The Andersons, Inc., Maumee, Ohio, a 60-year-old diversified
agribusiness that currently markets proprietary and patented dispersible
granular technology for the turf industry through its Turf & Specialty
Group.
-- The Ohio Agricultural Research and Development Center (OARDC), the
nation's largest Ag-biosciences Center
-- Syngenta Crop Protection, Inc., a world-leading agribusiness company
committed to sustainable agriculture through innovative research and
technology. A global leader in crop protection, investing in Advanced
Granules for global consumption
-- PSB Company, a division of White Castle System, Inc., Columbus,
Ohio, a leading manufacturer of granule applicators, established in 1934,
headquartered in Columbus, Ohio.
-- National Lime and Stone Company, Findlay, Ohio, a leading limestone
supplier and granulator of advanced soil-dispersing granules.
-- Ohio Bio-products Innovation Center (OBIC), a Third Frontier Wright
Center of Innovation group to foster industry and academic collaboration.
"Our granular technology is well received within the professional turf
markets and generates a revenue stream for our Turf & Specialty Group,"
said CEO Mike Anderson. "This grant will enable us to accelerate our
research in extending this proprietary technology to agriculture
applications that we believe will provide benefits on a global scale. We
are proud to be a leader in this project."
Lieutenant Governor Lee Fisher, Chair of the Ohio Third Frontier
Commission, announced June 26 that the Commission recommended the grants
for the development of advanced granules that effectively deliver
fertilizers and pesticides or biologically active ingredients to
specifically targeted areas, activating once exposed to water which reduces
environmental risks, with virtually no drift problem.
"This is a significant award for all Ohioans, as this investment will
create new jobs and needed economic growth," said Bobby Moser, vice
president for Agricultural Administration and University Outreach and
executive dean of the College of Food, Agricultural and Environmental
Sciences at The Ohio State University. "We are honored to have the
opportunity to collaborate with The Andersons and assist in the development
and adaptation of the advanced granular technology in much larger
agricultural markets (such as nursery/greenhouse, fruits/vegetables, and
row crops) in both the U.S. and around the world."
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing and repair, turf products production, and general
merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now
has operations in 10 U.S. states and Puerto Rico, plus rail equipment
leasing interests in Canada and Mexico. For more information, visit The
Andersons online at http://www.andersonsinc.com .
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer, The
Andersons, Inc., +1-419-891-6417, gary_smith@andersonsinc.com
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