PRESS RELEASE: Ostara Nutrient Recovery Technologies Inc. Announces Strategic Financial Investment from Taurus Agricultural Marketing Inc.
Partnership endorses Ostara’s sustainable crop nutrition movement.
VANCOUVER and CALGARY, CANADA – November 13, 2018 – Ostara Nutrient Recovery Technologies Inc. (Ostara) announces strategic financial investment from Taurus Agricultural Marketing, Inc. (Taurus) endorsing Ostara as a leader in the sustainable crop nutrition movement.
- The investment follows the recent signing of a long-term exclusive distribution agreement between Ostara and Taurus in which Taurus will market & sell Ostara’s Crystal Green® phosphate fertilizer in Western Canada, Ontario, and Quebec.
- Endorsing Crystal Green, Taurus anticipates strong growth for products that fit into grower’s nutrient stewardship framework, increasing farmer profitability and improving sustainability.
- Taurus’ investment supports Ostara’s partnership strategy and global expansion in crop nutrition and nutrient recovery
- Signals a decisive step for Ostara as an ag-tech company with fully invested industry partners.
Bringing science-based, proven technologies to innovative growers globally.
Ostara’s fertilizer technology, Crystal Green, is sustainably-sourced phosphorus, recovered using Ostara’s patented nutrient recovery process. Studies show its Root-Activated™ release increases fertilizer efficiency, resulting in high-yielding economic benefits, while reducing risks of fertilizer leaching and run-off.
“There is an increasing interest from progressive agricultural producers for technologies that improve the bottom line and at the same time, enhance stewardship efforts. Responding to our growers needs, with our partnership with Ostara, we can revolutionize what nutrient management looks like, so we can pursue increased production and positively impact the environment in one product, Crystal Green,” said Craig Davidson, President of Taurus. “Taurus’ investment in Ostara is a testament to their team’s adept ability for innovation and relentless pursuit of providing sustainable solutions to agriculture.”
“Taurus is a team of changemakers and together, we will play a key role in shaping the future of crop nutrition, starting with Crystal Green,” said Dan Parmar, President and CEO of Ostara. “We are thrilled that Taurus is expanding the reach of our nutrient technology. With their expertise and extensive network, and Ostara’s reputation as a leader in sustainable phosphorus recovery, we are well-partnered for growth.”
Long-term the investment lays the foundation for accelerating Ostara’s market expansion supporting the demand for more premium grower-centric products, like Crystal Green, that offer an economic benefit and sustainable advantage.
About Ostara Nutrient Recovery Technologies Inc. & Crystal Green®:
Ostara helps growers and cities protect precious water and food resources by providing nutrient management solutions to farms, municipalities and industries. The company’s Pearl® technology recovers phosphorus and nitrogen from industrial, agricultural, and municipal wastewater streams and transforms them into Crystal Green®, a premium, sustainable fertilizer. Crystal Green is the first fertilizer to release nutrients in response to plant demand. It’s Root-Activated™ granule (5-28-0 with 10%Mg), sold globally to the turf and agriculture sectors, is proven to improve crop yields, enhance soil health and significantly reduce phosphorus tie-up, leaching, and runoff, improving food security while protecting local waterways from nutrient pollution. To learn more about how Ostara is closing the loop on phosphorus, visit www.ostara.com and www.crystalgreen.com.
About Taurus Agricultural Marketing Inc.:
Taurus Agricultural Marketing Inc. has been helping growers do what is best for their business operations since 2001 operating in Western Canada and more recently expanding efforts in the United States and overseas. Taurus has been bringing new technologies and advancements in crop production to advanced growers; earning the trust of the marketplace to be that conduit to ensure these advancements can have a positive economic benefit while increasing efficiencies that offer a new level of sustainability. To learn more about Taurus and their other exciting new technologies like Crystal Green, visit www.taurus.ag.