Plant Health Care PLC New Commercial Distribution Agreements (7736R)
December 14 2016 - 1:00AM
UK Regulatory
TIDMPHC
RNS Number : 7736R
Plant Health Care PLC
14 December 2016
PLANT HEALTH CARE PLC
("Plant Health Care", "PHC" or the "Company")
New Commercial Distribution Agreements
Plant Health Care(R) (AIM: PHC), a leading provider of novel
patent-protected biological products to global agriculture markets,
is pleased to announce four new commercial distribution
arrangements, which together represent important progress in
driving sales growth in 2017 and beyond.
- Plant Health Care has reached agreement with Talc U.S.A. to
launch Inceptive(TM), a novel product containing PHC's patented
Harpin(TM) 𝜶<BETA> technology, which will be
mixed with a Talc U.S.A. seed lubricant for corn seed treatment in
the USA. Inceptive has been shown in replicated trials to bring
substantial benefits on corn such as improved vigour, heightened
defense responses and increased yield. This agreement will provide
PHC with additional access to the 90 million acre corn market in
the USA.
- Plant Health Care conducted a product demonstration programme,
in conjunction with the Florida Fruit & Vegetable Association,
to promote the use of PHC's Employ(R) product (containing PHC's
patented Harpin 𝜶<BETA> technology), aimed at
reducing the impact of fruit drop in the presence of citrus
greening, caused by the Huang Long Bing (HLB) bacterium. This
disease has caused devastating damage in citrus in Florida over the
last four years, with up to 80% of trees across the state reported
as affected. Use of Employ has been shown in replicated trials to
reduce losses by more than 10% in the presence of citrus trees
infected by HLB. Based on these encouraging results, PHC will be
distributing Employ in Florida directly with regional
distributors.
- Plant Health Care has reached agreement with EDAF Unipessoal
LDA, to distribute Plant Health Care's proprietary ProAct(R) and
Myconate(R) products in Portugal.
- Plant Health Care continues to build on its recent success in
South Africa with its Harpin 𝜶<BETA> and Myconate
products and is now preparing to expand distribution to 23
countries in sub-Saharan Africa through its distribution agreement
with DuxAgri (Pty) Ltd. Plant Health Care is creating significant
momentum in the region by concentrating sales to higher value
crops, such as sugar cane, vegetables, citrus, pears and macadamia
nuts which all receive multiple product applications per year.
Dr Chris Richards, Executive Chairman and Interim CEO of Plant
Health Care, commented: "Over the last three years, we have
steadily built compelling evidence of the efficacy of products
based on the Company's patented Harpin technology. The distribution
arrangements announced today reflect further progress in developing
sales of the product in significant markets. We expect that these
agreements, together with other projects in progress, will drive
strong sales growth of products based on Harpin over the coming
years."
Enquiries:
Plant Health Care plc
Dr Chris Richards, Executive Chairman and Interim CEO
Tel: +44 1837 880083
Liberum Capital - Nomad and Broker
Clayton Bush / Chris Clarke
Tel: +44 (0) 20 3100 2000
Company website: www.planthealthcare.com
This information is provided by RNS
The company news service from the London Stock Exchange
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