CNH Industrial invests in Stout Industrial Expertise

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Accelerating
Synthetic Intelligence
capabilities to sustainably advance agriculture

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London, December 9, 2022

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CNH Industrial has acquired a ten% minority stake in Stout
Industrial Expertise (Stout). The US-based startup is targeted on good implements for agriculture which can be powered by Synthetic Intelligence (AI).

Enhancing our See & Act machine studying capabilities

See & Act permits machines to hold out duties based mostly on sensor-detected information. Stout has demonstrated outcomes on this area with their Sensible Cultivator – a software-controlled implement for tractors that makes use of cameras, AI and proprietary imaginative and prescient expertise to tell apart crops from weeds. As soon as recognized, the implement concurrently cultivates crops and removes weeds.

Finally this expertise simplifies cultivating and weeding for our prospects, letting them carry out the duties concurrently – and with out using chemical compounds. Stout’s present platform expands our mechanical weeding product providing and can speed up our improvement of additional cultivation options. Stout machines will quickly be distributed by way of our New Holland model’s seller community.

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Sensible implement expertise is likely one of the many ways in which CNH Industrial is Breaking New Floor for the world’s farmers.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class tools and providers firm. Pushed by its function of Breaking New Floor, which facilities on Innovation, Sustainability and Productiveness, the Firm gives the strategic route, R&D capabilities, and investments that allow the success of its world and regional Manufacturers. Globally, Case IH and New Holland Agriculture provide 360° agriculture purposes from machines to implements and the digital applied sciences that improve them; and CASE and New Holland Building Gear ship a full lineup of development merchandise that make the trade extra productive. The Firm’s regionally centered Manufacturers embody: STEYR, for agricultural tractors; Raven, a frontrunner in digital agriculture, precision expertise and the event of autonomous techniques; Flexi-Coil, specializing in tillage and seeding techniques; Miller, manufacturing utility tools; Kongskilde, offering tillage, seeding and hay & forage implements; and Eurocomach, producing a variety of
mini and midi excavators for the development sector, together with electrical solutions.

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Throughout a historical past spanning over two centuries, CNH Industrial has at all times been a pioneer in its sectors and continues to passionately innovate and drive buyer effectivity and success. As a very world firm, CNH Industrial’s 37,000+ staff type a part of a various and inclusive office, centered on empowering prospects to develop, and construct, a greater world.

For extra info and the most recent monetary and sustainability studies go to: cnhindustrial.com

For information from CNH Industrial and its Manufacturers go to: media.cnhindustrial.com

Media contacts:

Rebecca Fabian         Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

[email protected]

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