Company Announcements

Understory Partners with Monsanto Company in Argentina to Inform Global Weather Impact on Agriculture Business

Source: Business Wire

Disruptive Edge Computing Weather Network Deployed in Key Agriculture Regions in Argentina

Weather Data Analytics Optimize Operational Decisions Around Irrigation, Harvest Times, Seed Production to Boost Crop Yields

MADISON, Wis.--(BUSINESS WIRE)--Mar. 22, 2018-- Understory, the weather network, edge computing, and machine learning company, today announced an international expansion and strategic collaboration with Monsanto (NYSE: MON), the global modern agriculture company. Monsanto’s use of Understory’s weather network is providing on-the-ground insights into localized weather in Argentina to drive growers’ decisions and optimize high value operations.

“Understory provides the only technology necessary to make hyper-local weather valuable for operations management in agricultural areas where local weather information is not accurate,” said Giovanni Piccinni, Global Supply Chain Field Optimization Lead, Monsanto. “With localized accurate data, growers can streamline operational challenges and boost economic outcomes. We anticipate this being an important and valuable partnership.”

Monsanto and Understory tested a pilot program of their partnership in Hawaii over the past year, refining weather data use in day-to-day grower operations. This Understory international expansion with Monsanto means unprecedented localized weather networks in corn growing regions in Córdoba and Buenos Aires, Argentina. Since Understory’s networks do not require maintenance, they can be deployed in remote areas and remain untouched for over five years. Each station in the network provides 50,000 measurements a second to power a fully built artificial intelligence core that provides precise hail, rainfall, temperature, humidity, evapotranspiration (moisture leaving the plant) and growing degree units (where a plant is in its lifecycle to determine best harvesting time). Understory data informs Monsanto’s decisions around irrigation, harvest dates and times, and seed production.

Understory’s weather network is different from other weather hardware. This network provides customers with a full-stack, rugged, maintenance-free, precision weather solution, where Understory sites, installs, and operates the network, while providing a real-time data platform and API. In addition, Understory’s weather network can be integrated with any third-party sensors currently available on the market.

“Argentina is an agricultural giant that produces 22 percent of the world’s soybeans, yet many growers there, and around the world, still lack data insights due to the remote, harsh farming conditions,” said Alex Kubicek, CEO, Understory. “Our collaboration with Monsanto promises to deliver daily operational insights to farmers around the world to yield better, healthier crops, and it can be deployed anywhere without the need for oversight or management.”

In the United States, Understory has saturated networks deployed across five major metropolitan areas with plans to expand to 5,000 stations covering all at risk areas by the end of 2019. In addition to agriculture, Understory provides damage analytics to P&C insurance industry to improve the claims experience for home and commercial properties. The patented technology provides actionable information that radar, satellite and other remote sensing technologies fail to deliver. Understory plans to make its technology available to additional agricultural partners in the near future.

About Monsanto

Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops – such as corn, soybeans, and cotton – that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit monsanto.com Follow our business on Twitter® at twitter.com/MonsantoCo.

About Understory

Understory analyzes and processes the data it collects to create real-time datasets, views, and actionable information from historical, current, and forecasted weather events to provide better insight and early detection of risks. Understory’s composite of granular weather data has applications across a variety of markets, including broadcasting, agriculture, forecasting, and risk mitigation. For more information, visit www.understoryweather.com.

Source: Understory and Monsanto

Treble
Gina Manassero, 512-960-8222
understory@treblepr.com

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