QBE NAU Crop Insurance Selects Iteris ClearAg
January 05 2017 - 8:30AM
Business Wire
Leading Crop Insurance Company Signs Multi-Year
Subscription Agreement for ClearAg to Improve Crop Management
Tools
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced
that QBE NAU Crop Insurance has signed a multi-year subscription
agreement for Iteris’ ClearAg weather, wind and soil data plus
visualization component technology to improve crop reporting and
reduce crop loss.
“We‘re always looking to help our agents be industry leaders in
technology and thanks to ClearAg our agents have a new set of tools
to offer their farmers,” said Michael Deal, chief marketing &
technology officer at QBE NAU. “We chose ClearAg because they can
deliver science-based agronomic insight tools that draw on a vast
store of weather, wind and soil data combined with cutting-edge
visualizations. ClearAg tools will help our agents and their
farmers more quickly understand crop health conditions to reduce
loss risk and be more productive in their fields.”
QBE NAU is the third largest approved insurance provider (AIP)
in the U.S. with more than 3,000 agents who serve more than 80,000
farmers. QBE NAU will use ClearAg environmental data and agronomic
visualization technology to provide critical field-level insights
so that their agents and farmer customers can proactively mitigate
risk and prevent crop loss.
“Accurately predicting near-term weather and soil conditions is
a scientifically proven approach to reducing crop loss,” said Tom
Blair, senior vice president at Iteris. “As a forward-thinking AIP,
QBE NAU is making a strategic investment in environmental data
analytics that will help the thousands of agents and tens of
thousands of farmers they serve make better-informed decisions for
crop health. Putting science-based agronomic insights into the
hands of the agents and farmers highlights QBE NAU’s leadership as
an AIP pioneer.”
ClearAg is a leading digital agriculture platform that delivers
weather, water, soil and crop health data and advisory services to
growers, researchers and other agribusinesses who need accurate,
location-based information available on a worldwide basis. Iteris
is the only weather information and data science company to apply
Land Surface Modeling (LSM) technology to agronomic problems.
About QBE NAU Crop Insurance
QBE NAU Crop Insurance is a leading Multi-Peril Crop Insurance
company passionate about serving the American Farmer and supporting
their agents in the continental United States. Headquartered in
Ramsey, MN with Branch Offices in 10 locations, QBE NAU has grown
over the years by providing outstanding customer service and
leading-edge technology. As a division of QBE Insurance Group Ltd.,
one of the top 20 insurers worldwide, they have the financial
strength for today’s insurance environment. Learn more at
naucountry.com.
About Iteris, Inc.
Iteris is the global leader in applied informatics for
transportation and agriculture, turning big data into big
breakthrough solutions. We collect, aggregate and analyze data on
traffic, roads, weather, water, soil and crops to generate precise
informatics that lead to safer transportation and smarter farming.
Municipalities, government agencies, crop science companies,
farmers and agronomists around the world use our solutions to make
roads safer and travel more efficient, as well as farmlands more
sustainable, healthy and productive. Visit www.iteris.com for more
information.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This release may contain forward-looking statements, which speak
only as of the date hereof and are based upon our current
expectations and the information available to us at this time.
Words such as "believes," "anticipates," "expects," "intends,"
"plans," "seeks," "estimates," "may," “should,” "will," "can," and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements include, but
are not limited to, statements about the anticipated benefits and
success of our agreement and future success in utilizing the
ClearAg solution. Such statements are not guarantees of future
performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict, and actual results could
differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but
are not limited to, our ClearAg solution’s ability to provide
critical field-level insights and to improve crop reporting and
reduce crop loss; our ClearAg solution’s ability to help users make
better informed decisions for crop health; the future adoption of
the ClearAg solution in the agribusiness markets; customer’s
dedication of resources and ability to achieve market acceptance
for its own products and services; our ability to gain additional
patent protection for our technologies and products; and the
potential impact of product and service offerings from competitors
and such competitors’ patent coverage and claims. Further
information on Iteris, Inc., including additional risk factors that
may affect our forward looking statements, is contained in our
Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our
Current Reports on Form 8-K, and our other SEC filings that are
available through the SEC’s website (www.sec.gov).
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PressIteris, Inc.Cindy Vuong,
949-270-9696ctv@iteris.comorInvestorsMKR Group, Inc.Todd
Kehrli, 323-468-2300iti@mkr-group.com
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