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MOSAIC AND AGBIOME ANNOUNCE COLLABORATION TO DEVELOP BIOLOGICAL ALTERNATIVES TO ENHANCE SOIL HEALTH
Source: joint organizations news release

Tampa, FL and Research Triangle Park, NC - The Mosaic Company (NYSE: MOS), one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients and AgBiome, a leader in discovering and developing innovative agricultural products from diverse microbial communities, today announced a strategic collaboration, aiming to discover, develop and launch novel biological approaches to enhancing soil fertility.

The collaboration will leverage AgBiome's proprietary GENESIS platform that comprises the world's largest, most diverse, fully-sequenced collection of microbes coupled with innovative product discovery technology. Mosaic will lend its industry-leading expertise in soil health and product development, as well as its global distribution and sales network. Together the companies expect to find solutions that can be added to Mosaic's soil health portfolio.

"It's exciting to collaborate with a global agriculture powerhouse like Mosaic," said Tracy Raines, Chief Innovation Officer at AgBiome. "Our work together, focused on soil health, demonstrates the grower's demand for natural, biological solutions to enhance soil nutrition - leading to better crop quality and yield."

AgBiome and Mosaic support the development of innovative agricultural technologies that help growers increase nutrient use efficiency and ultimately minimize fertilizer loss to the environment. Both companies are passionate about offering sustainable solutions to growers that meet the needs of today without sacrificing food production for the future.

"Our collaboration with AgBiome is part of a larger, multi-partner effort at Mosaic to expand the company's soil health offerings," said Kim Nicholson, Vice President-Ag Technology and Innovation at The Mosaic Company. "Now more than ever, growers are interested in engaging with companies that recognize the need for soil conservation strategies. Our work with AgBiome is expected to expand our innovative products in that space."


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