HOUSTON, TX / ACCESSWIRE / April 22, 2015 / Valmie Resources Inc. (VMRI) today announced it has executed a joint venture agreement with Monitoreo Especializado Agrícola de Jalisco, SA (MEA), an international crop monitoring solutions provider based in Mexico. Under the terms of the agreement, Valmie will work with MEA to develop and commercialize an agricultural drone platform specific to the needs of MEA and its clients. The platform will consist of Valmie's unmanned aerial vehicle (UAV) technology and its AIMD (Autonomous Intelligence for Mobile Devices) software.
"We are excited to partner with MEA, a leader in agribusiness. The signing of this joint venture officially launches Valmie into the agricultural industry and underlines the global aspirations of our growth strategy," said Gerald B. Hammack, President and CEO of Valmie. "We expect Valmie's technology will allow MEA's customer base to upgrade the management of millions of acres in rural areas while also saving big money."
Jalisco, Mexico-based MEA provides crop monitoring and data collection services to farm operators located primarily in Central and South America.
Valmie's UAV's, equipped with cameras and data collection equipment, will be used by MEA to survey crops, monitor for plant diseases and precision-spray pesticides and fertilizers. Offering a unique bird's-eye view of the fields' overall condition, data collected and analyzed using Valmie's UAV technology is expected to help boost crop health, improve field management practices, reduce costs and improve yields.
"As we turn our attention globally and expand our brand identities in rapidly growing international markets, we anticipate discovering additional opportunities to build on the strengths of our two companies," said Hammack.
About Valmie Resources (VMRI)
Valmie Resources is a U.S. company actively pursuing opportunities for the commercialization of leading edge products and services in the rapidly expanding technology industry. Valmie seeks concepts with valid business models positioned to make a significant impact within the four key "megasectors" of technology: software, hardware, networking and semiconductors. Valmie brings operating talent, tools and leadership to emerging companies in these sectors, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For further information visit http://valmie.com
About Monitoreo Especializado Agrícola de Jalisco, SA
MEA provides solutions that include the latest technology for comprehensive, real-time information for agricultural applications. MEA's unique hardware, software and communications support accurate data collection and improve decision-making. MEA's technology then converts this data into meaningful information accessible to users from any Internet connection.
MEA's real-time information can be used to better schedule irrigation, fertilizer and pest control. This keeps cost and waste to a minimum while promoting improved crop yield and quality.
For further information visit http://www.meadjsa.com/index-us.html.
Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the technology market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Valmie Resources that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Valmie Resources assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Valmie Resources, Inc.
Gerald B. Hammack, President and CEO
SOURCE: Valmie Resources, Inc.