OMAHA, Neb., January 09, 2023–(BUSINESS WIRE)– Valmont ® Industries, Inc. (NYSE: VMI), an international leader that provides crucial infrastructure and advances agricultural productivity while driving innovation through innovation, today revealed it has actually participated in a supply arrangement to offer mechanized watering equipment and ingenious innovation for numerous farming development tasks in Africa. The arrangement will harness the market-leading services of Valley ® Irrigation, a Valmont business, to assist satisfy the intensifying worldwide need for more effective and reliable food production, and assistance national investments in farming to feed growing populations and address continuous food security concerns.This news release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005718/en/”This new engagement is a testament to our technology leadership and capability to secure large-scale tasks that attend to the critical need by numerous nations to increase food production while decreasing dependence on grain imports, “stated Josh Dixon, Valley Watering President.” Our effective execution of a number of projects within the region has actually demonstrated the worth of our technologically-advanced irrigation products and dealership network, providing customers confidence in our ability to regularly deliver results. This supply agreement validates the continuing strength of our global task pipeline, and we are extremely excited about the momentum this chance supplies heading into 2023. “Making use of Valley’s market-leading, proprietary innovation services, this task will turn into one of the biggest
setups of linked pivots. With remote monitoring and controls, this project will take full advantage of crop yields and decrease inputs, while saving approximately half the water utilized by conventional watering techniques. Project shipments are anticipated to start in second quarter of 2023. Dixon continued,” Massive worldwide tasks continue to advance our market growth strategy as we serve the many nations seeking to optimize the value of their land through farming advancement. We interact with the client to find the very best option for their requirements, while minimizing inputs such as labor and scarce fresh water. Our group is honored to be the partner of choice around the globe.” About Valmont Industries, Inc.For over 75 years, Valmont ® has been a global leader in developing crucial facilities and advancing agricultural performance. Today, we stay dedicated to doing more with less by innovating through innovation. Learn more about how we’re Conserving Resources. Improving Life. ® at valmont.com.About Valley Irrigation Valley ® Irrigation, a Valmont ® company, has been the leader in advancing farming efficiency, from the very first center pivots in 1954 to the precision ag technology these days. Decades of thought management and technological development have helped growers increase food production and preservation of natural resources around the
world.Valmont is a worldwide leader in creating important infrastructure and advancing agricultural efficiency to enhance life. Find out more about Valley Irrigation at valleyirrigation.com and Valmont at valmont.com.Concerning Forward-Looking Statements This release consists of forward-looking statements, within the significance of the Private Securities Litigation Reform Act of 1995. These positive declarations are based upon assumptions that management has actually made in light of experience in the markets in which Valmont runs, along with management’s understandings of historical trends, present conditions, expected future advancements
and other aspects thought to be suitable under the circumstances. As you read and consider this release, you ought to understand that these statements are not warranties of efficiency or outcomes. They include threats, unpredictabilities(some of which are beyond Valmont’s control )and assumptions. Although management thinks that these positive declarations are based on affordable presumptions, you need to understand that many elements could impact Valmont’s actual financial outcomes and cause them to vary materially from those expected in the forward-looking statements. These factors consist of among other things, the continuing and developing effects of the pandemic including the effects of the outbreak on the general economy and the specific financial impacts on the Company’s organization which of its customers and suppliers, danger elements described from time to time in Valmont’s reports to the Securities and Exchange Commission, in addition to future economic and market scenarios, market conditions, company efficiency and financial outcomes, running effectiveness, availability and rate of raw material, accessibility and market acceptance of new products, item rates, domestic and global competitive environments, geopolitical threats, and actions and policy changes of domestic and foreign governments. The Company cautions that any positive declaration included in this news release is made as of the date of this press release and the Company does not carry out to upgrade any forward-looking statement.View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005718/en/Contacts!.?.!Renee [email protected]!.?.!