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PTx Trimble Wins Coveted Davidson Prize for Autonomous Grain Cart

1. AGCO's PTx Trimble introduces OutRun, an autonomous grain cart solution. 2. OutRun won the prestigious Davidson Prize for agricultural innovation. 3. The product addresses labor shortages and maximizes yield for farmers. 4. AGCO has won four Davidson prizes in five years, showcasing innovation. 5. OutRun is commercially available across the U.S., enhancing market presence.

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FAQ

Why Bullish?

The success of the OutRun product and its award recognition enhances AGCO's brand reputation and market positioning. Historical trends show that product innovations, especially award-winning ones, generally boost stock prices due to anticipated revenues from new offerings.

How important is it?

The announcement of OutRun is a significant innovation with a potential transformative impact on AGCO's product lineup and market share. Such advancements are likely to attract investor interest and increase stock performance, underlining the necessity for tracking its market reception.

Why Long Term?

The introduction of innovative products like OutRun can lead to sustained revenue growth, especially as farmers adopt autonomous technology over time. This innovation positions AGCO for future market leadership and ongoing demand, similar to historical trends seen with earlier successful product launches.

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OutRun Autonomous Grain Cart Commercially Available Across the US., /PRNewswire/ -- PTx Trimble, formed in 2024 by AGCO and Trimble, is proud to announce OutRunTM, the first commercially available autonomous retrofit grain cart solution on the market, has been awarded the prestigious Davidson Prize at Commodity Classic 2025 in Denver, Colorado.  PTx Trimble's Outrun wins Davidson Prize The award, presented by the American Society of Agricultural and Biological Engineers (ASABE) and the Association of Equipment Manufacturers (AEM), recognizes breakthrough innovations in agricultural engineering that improve efficiency, sustainability and productivity. OutRun was recognized for its ability to help farmers maximize yield and combat the labor shortage many farmers are facing around the world. "OutRun was designed as a cost-effective way to help farmers with labor issues, allowing operators to run both the combine and the grain cart during critical harvest times," said Andrew Sunderman, vice president of product & customer experience, PTx. "As the latest in PTx Trimble's commitment to its retrofit-first strategy for autonomy, OutRun allows farmers to use autonomous technology to harvest at the optimal time to maximize yield without needing to find experienced grain cart operators, saving time and expenses." OutRun is a self-contained retrofit kit that currently enables autonomous grain cart operation on John Deere 8R or 8000R tractors with IVT and will be commercially available on Fendt models in 2026. The grain cart can be staged or be called for unloading without the need for another driver. Once full, the combine operator can then send the grain cart to a predefined truck unload zone for manual unloading. The Davidson Prize is named for J.B. Davidson, the father of modern agricultural engineering. ASABE and AEM created the Davidson Prize to celebrate extraordinary innovation and impact in agricultural, food and biological systems. A maximum of three prizes are awarded each year, selected from the 10 top-scoring AE50 winners and representing the best of the year's newly introduced products. Winners are projected to have a significant impact on agricultural production, efficiency or safety. These award-winning products represent the diversity of engineering and technology, as well as the variety of companies that continue to bring advanced technology and exciting improvements to the marketplace. AGCO and its leading brands have won four Davidson prizes in the last five years, a testament to the AGCO teams who are innovating daily for farmers around the globe.Availability The OutRun retrofit kit is commercially available across the U.S. For more information on how to incorporate OutRun for the 2025 harvest, email [email protected] or visit outrunag.com.PTx, PTx Trimble and OutRun are trademarks of AGCO.About PTx Trimble PTx Trimble provides precision agriculture solutions for every season. A joint venture between AGCO and Trimble, PTx Trimble continues to advance the future of farming by building farmer first solutions for land preparation, planting, water management, crop protection, nutrient management and harvesting. We are the leader in mixed fleet, smart farming and autonomy solutions. To learn more, visit https://ptxtrimble.com.About AGCO AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit www.agcocorp.com. SOURCE AGCO Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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