Zero Gravity Solutions, Inc.’s Wholly-Owned Subsidiary, BAM Agricultural Solutions, Inc., Signs an Exclusive Distribution Agreement for the Republic of Paraguay
Commitment to Purchase 74,000 gallons of BAM-FX in Year One, which Represents 4% Market Penetration
BOCA RATON, Fla.— (October 19, 2016),– Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications for agriculture on Earth, announced that its wholly-owned subsidiary, BAM Agricultural Solutions has signed an exclusive distribution agreement (the “Agreement”) with Mr. David Teixeira Do Amaral and his company in the Republic of Paraguay.
Under the terms of the Agreement, Mr. Teixeira’s organization will be responsible for importing BAM Agricultural Solutions’ product, BAM-FX™, into Paraguay and will supervise the sales, marketing, legal and administrative tasks necessary to introduce and sell BAM-FX in the country. The initial term of the Agreement is three years.
Mr. Teixeira’s organization, in addition to marketing and introducing BAM-FX to the Paraguayan agricultural market, plans to use the product in his own agricultural business. Mr. Teixeira and his company’s product purchase commitment of 74,000 gallons is based upon a minimum 4% market penetration in Paraguay in year one. BAM Agricultural Solutions plans to begin initial shipment of the product within the next 30-60 days or as soon as the required government paperwork is complete. Shipments are expected to continue on a monthly basis thereafter.
“We have spent several months with our six-member agronomy team and scientists along with agronomists representing BAM Agricultural Solutions in multi-location field trials. BAM-FX has increased yields and plant vigor, allowing us to increase production output for expanding Paraguay’s exports to international agricultural markets. BAM-FX will be an important agricultural technology that will complement my company’s precision agricultural philosophy”, stated Mr. Teixeira.
Zero Gravity Solutions, Inc. Announces Appointment of Raveendran Pottathil, Ph.D. as Chief Technology Officer
BOCA RATON, Fla.— (August 1, 2016) – Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications for agriculture on Earth, announced today that Raveendran “Ravi” Pottathil, Ph.D. has been appointed Chief Technology Officer (CTO) of the Company.
Dr. Pottathil has an extensive background in applied biology and was formerly Director and Chief Scientific Officer of Merlin Labs (now IDxDI), and Chief Executive Officer of AccuDx Incorporated, a strategic technology and consulting company specializing in platform technology development, technology transfer and intellectual property (IP) protection in the functional food and ecotech industries for major US and international companies. In addition to his experience in the commercialization and roll out of agricultural products, Dr. Pottathil was previously part of the team that developed a new industry standard medical diagnostic kit based upon Polymerase Chain Reaction (PCR) technology while he was at Roche.
“Ravi’s extensive scientific and international business development expertise provides support to our Company’s Chief Science Officer, John Wayne Kennedy, as part of our enhanced scientific team commercializing the Company’s IP based upon our ongoing working relationship with NASA”, stated Harvey Kaye, ZGSI’s Chairman of the Board. Mr. Kaye further stated, “In addition to his technical duties, Ravi has been instrumental in introducing ZGSI’s first commercial product, BAM-FX™, to agricultural markets in multiple countries in Asia, where extensive crop validation trials are currently ongoing and a multi-country distribution network has been established.”
“The capability of BAM-FX to deliver micronutrients like zinc and copper systemically at the cellular level throughout a plant directly addresses a condition known as hidden hunger. Hidden hunger, caused by lack of essential micronutrients in the diet, affects more than half of the world’s population and I am proud to be part of the team working toward a solution to this worldwide problem”, stated Ravi Pottathil, ZGLS’s newly appointed Chief Technology Officer.”