Leading Australian agricultural technology company, The Yield Technology Solutions, announced a major expansion of its customer relationship with Treasury Wine Estates (ASX: TWE), a global grape grower, and producer and marketer of premium wines.
Treasury Wine Estates (TWE) has signed a three-year contract (FY21-23) for the delivery of The Yield’s Sensing+ solution for harvest predictions and weather notifications using gridded weather across Australia and New Zealand.
Sensing+ combines sensors and analytics to provide information and predictions in easy-to-use apps that help large commercial growers make important production decisions like when to irrigate, feed, plant, protect and harvest.
Data generated by Sensing+ will be combined with TWE’s extensive historical harvest data into harvest prediction models that enable high frequency yield forecasting throughout the growing season.
Ros Harvey, Founder and Managing Director of The Yield said she was “delighted to be working with TWE on a commercial rollout”.
“The enterprise capability of our Sensing+ solution means that customers are fast-tracked along the digital transformation pathway.
“The rules and notifications platform helps codify weather-related practice, while our enterprise view enables our customers’ staff to have a unified view across all growing assets right down to the block level. This means they can take action on growing conditions such as extreme weather risks, irrigation needs, the best spray conditions and harvest scheduling,” she said.
“We are pleased to be working with such a prestigious global brand as TWE and look forward to further strengthening our strong relationship over coming vintages.”
Based in Sydney, The Yield is a highly awarded Australian agricultural technology company on a mission to transform food and farming practices with scalable digital technology. The Yield uses machine learning, data science and artificial intelligence (AI) to power its technology to solve real challenges at farm level and throughout the food chain.
The Yield focuses on large commercial growers that specialise in intensive irrigated crops particularly in wine grapes, berries, apples, citrus and edible nuts.