Key Takeaways
- Pantaleon, a Central American leader in sugarcane production, has signed a Letter of Intent with Bright Yeti to implement innovative agricultural technology.
- The collaboration will focus on deploying Bright Yeti’s electrophysiology-based technology in Pantaleon’s Latin America operations starting in 2025.
- The technology is 100% chemical-free and GMO-free and has been successfully applied to crops like corn and soybeans in the U.S.
- This initiative aims to enhance sugarcane germination rates, growth, and harvest yields while supporting sustainable farming practices.
- Sugarcane, a $4 billion global industry, faces challenges from climate variability and increasing production costs, prompting the need for innovation.
Agreement Overview Between Pantaleon & Bright Yeti
Pantaleon, a leading sugarcane producer in Central America, and Bright Yeti, a technology-focused agriculture company, have announced plans to introduce advanced crop technology into Pantaleon’s farming operations. A Letter of Intent was signed between the two organizations to formalize this collaboration, with implementation expected to begin in 2025.
The agreement focuses on improving the germination rates, growth, and harvest yields of sugarcane crops through Bright Yeti’s technology, which provides non-chemical solutions for boosting crop performance.
Bright Yeti’s Electrophysiology Technology
Bright Yeti’s technology uses electrophysiology, a scientific approach developed by a team of engineers and scientists with expertise in space habitation, medical devices, and biochemistry. It offers farmers a new, sustainable method to manage crop health without relying on chemicals or genetic modifications.
The technology has already been applied to major crops such as corn and soybeans in the United States, delivering measurable improvements in crop yield.
“We are excited to support Pantaleon’s goals to enhance sugarcane production with our innovative technology,” said Jacob Cordova, CEO and Founder of Bright Yeti. “This collaboration aligns with our vision for advancing agricultural practices.”
Statements from Leadership of Pantaleon
Pantaleon’s CFO, André Lacape, emphasized the importance of integrating innovation into the company’s operations.
“As one of the world’s leading sugarcane producers, Pantaleon has a long history of adapting to new technologies to improve our practices. Partnering with Bright Yeti is a step forward in optimizing our operations while maintaining a focus on sustainable production,” Lacape said.
