Jun 18, 2015, 09:20 ET
UNION CITY, Calif., June 18, 2015 /PRNewswire/ -- mOasis (www.mOasisGel.com), announced that continued growth in agricultural use of its BountiGel® water-saving soil additive during 2015 is now expected to exceed 20,000 acres, half of it in California, and to generate enough water savings to supply over 6,000 families annually.
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The latest update is welcome news, especially as the State Water Resources Control Board announced last week that it was suspending access to water for 114 so-called senior rights holders, all in hardest-hit Northern California. The impact on residential communities is already being felt. The community of Mountain House, near Tracy, CA, is supplied by the Byron-Bethany Irrigation District, one of the water rights holders being cut off, and the town is now only days away from running out of water.
Steve Hartmeier, CEO of mOasis, stated, "Here in California, we're reminded daily that water is our most precious resource, and the latest news really hits home. It's a zero-sum game, so every drop of water we can help growers save in their operations helps every California resident."
mOasis' flagship product, BountiGel is a gamechanger and will be featured at the Forbes Reinventing America AgTech Summit (http://www.forbesconferences.com/event/2015-forbes-reinventing-america-the-agtech-summit/) on July 8-9 in Salinas, CA. The summit combines innovators from Silicon Valley and global agriculture, with a goal of tackling the world's most critical challenges. At the event, the company will showcase the positive impact of mOasis' Aquamer® technology, used by BountiGel, on a wide range of crops throughout California, Arizona, and Mexico.
mOasis also noted that BountiGel is now being adopted outside of traditional agriculture, with its first golf course applications now being deployed.
Based in Union City, CA, mOasis specializes in the application of science to create innovative products which address agriculture challenges. Through proprietary chemistry in the Company's Aquamer® technology, it manufactures BountiGel® a nontoxic soil additive that allows growers to optimize water resources for maximized yields and water conservation. BountiGel holds excess water near the seeds or roots and releases it as soil dries, resulting in less plant stress and higher crop yields while reducing water needs. The company is also exploring broader applications into seed treatments, erosion solutions, and municipal/consumer applications. The company's vision is to promote sustainability anywhere water is used. http://www.mOasisGel.com
Forward Looking Statements
This press release contains forward-looking statements (including without limitation the quotations from our CEO, Chairman and management) concerning mOasis' future management, strategic plans, growth opportunities and performance. Risks and uncertainties may cause actual results to differ materially from results predicted. The potential risks and uncertainties include, among others, competitive developments, the impact of management and organizational changes, the implementation and results of any strategic plans as well as mOasis' ongoing product development, strategic and cost initiatives.
Steven R. Hartmeier
Chief Executive Officer
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