| July 31, 1998 Pioneer Hi-Bred International Inc.,
in its lawsuit against American Ag-Tec International, Ltd.
alleging patent infringements and violations of intellectual property rights, is a prime
example of a large corporation with sufficient budget to press a lawsuit against a small
business in an attempt to fish for answers which do not exist. In this David vs.
Goliath case the "worlds leading supplier of agricultural genetics and .
. the leading integrator of agricultural technology" has alleged that Ag-Tec has
hybrid and inbred seed fields growing in five states and warehouses of seed for export.
Despite a categorical denial of these allegations by Ag-Tec and statements under oath,
Pioneer has pressed on with court ordered discovery of company records and files in an
effort to disprove the denial of Ag-Tec against all claims and charges of Pioneer.
Ag-Tec fears that Pioneers lawsuit may be a cover for
other interests of Pioneer, namely the acquisition of information regarding Ag-Tecs
own proprietary biotechnology. Prior to Pioneers lawsuit, Ag-Tec was recently
contacted by a person who entered Ag-Tecs premises in Delavan, Wisconsin, posing as
a representative of an investor group interested in Ag-Tecs revolutionary
biotechnology developments in the seed potato industry. Ag-Tec was then asked about its
seed potato technology under the guise of a potential investment. This same person next
appeared as part of an official Pioneer contingent when Ag-Tec, as defendant in the case,
voluntarily met with Pioneer representatives in an attempt to explain its lack of
involvement regarding Pioneers allegations.
Pioneer subsequently rejected the information and
explanation provided by Ag-Tec and proceeded with court ordered discovery of Ag-Tecs
company records. Ag-Tec is understandably concerned since those records also contain
sensitive information regarding its seed potato technology as well as financial and other
sensitive matters pertaining to the unique potato technology.
American Ag-Tec International, Ltd. has developed a
revolutionary biomanufacturing method of providing pathogen-free seed potatoes known in
the industry as minitubers, and which are the first stage of production for seed potatoes.
This patented rapid-growth technology which has been coupled with space technology
obtained through an agreement with a NASA Center at the University of Wisconsin-Madison,
is a revolutionary method for producing potato minitubers by the tens-of-millions rather
than by the thousands of minitubers currently grown under standard technology. This new
technology is expected to change the way in which seed potato has been grown for decades
by the elimination of from 5 to 7 field multiplications (years of production) from the
normal seed potato generation system down to only 2 field multiplications. The resulting
potatoes will produce significantly higher yields of commercial potato which are of much
higher quality than todays current potato production. The impact of this technology
on the worlds fourth largest seed crop (potato) will have dramatic impact to the
worlds food production, and will provide the potential for substantial economic
returns and market dominance for the holder of this important technology.
SOURCE: American Ag-Tec International, Ltd.
N1182 |