28th Apr 2010 07:00
Press release |
28 April 2010 |
Plant Impact plc
("Plant Impact" or the "Company")
Field trial results
Broad acre crops - Potatoes
Plant Impact plc (AIM: PIM), which develops and markets ecologically friendly nutrition and crop protection products, announces first trial results from the Company's potato trial programme. Potatoes are the first broad acre crop to be targeted by Plant Impact.
Field trials were conducted in the UK, the Netherlands and Kenya on six varieties of potatoes by growers and distributors. The trials compared Plant Impact's products (CaT and PiNT) to standard fertilisation and competing products, with the following results:
·; Significant increase in the number of potatoes grown, ranging from 12.3% to 25.6%.
·; Substantial increase in yield from 6.7 to 9.4 metric tonnes per hectare.
·; Points increase on average of 26.1%. Potato traders in the Netherlands use a point system as an indicator of quality.
·; Storage quality of the potatoes also increased.
Following these encouraging results Plant Impact has extended its potato field trial programme targeted in key potato producing countries, most of them being in Europe. This programme includes: field trials (both research standard and commercial demonstration trials); working with key advisers and advisory bodies in each country; significant development and commercial assistance from key distributors and cooperatives; and aligned to a marketing campaign
Distributors and cooperatives have been involved in the initial trials and have seen the commercial advantages of using Plant Impact's CaT and PiNT technologies on potatoes. The worldwide production for potatoes covers 18.2 million hectares in 159 countries with an estimated market size of £280 million for the Companies products.
For 2010 the Company has planned 30 potato field trials, of which eight are to research standard, in eight countries, with yield, quality and storage results being available towards the end of the year. Five of these eight countries are amongst the top producing potato countries in the world in terms of yield.
Peter Blezard, CEO of Plant Impact, commented: "This is just one example of how we can extend the number of crops which use our products with significant commercial value to the grower, the distributor and to Plant Impact. We first tried CaT and PiNT products on potatoes last year and with these excellent field trial results we have developed a programme to extend the number of countries involved in our potato trial from three to eight."
Enquiries:
For further information, please contact:
Plant Impact Plc |
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Peter Blezard, Chief Executive Office |
+44 (0) 1772 645 164 |
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Mike Panteli, Chief Financial Officer |
+44 (0) 1772 645 165 |
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Allenby Capital Limited - Nominated Adviser and Broker |
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Nick Naylor / Alex Price
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+44 (0) 20 3328 5661 |
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Conduit PR - Financial PR/IR |
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Charlie Geller |
+44 (0) 20 7429 6604
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- Ends -
For further information, please contact:
About potato crop
The world potato sector is currently undergoing major changes. Until the early 1990s, most potatoes were grown and consumed in Europe, North America and countries of the former Soviet Union. Since then, there has been a dramatic increase in potato production and demand in Asia, Africa and Latin America, where output rose from less than 30 million tonnes in the early 1960s to more than 165 million tonnes in 2007. The Food and Agriculture Organisation (FAO) data show that in 2005, for the first time, the developing world's potato production exceeded that of the developed world. China is now the biggest potato producer, and almost a third of all potatoes are harvested in China and India.
The top 5 potato producing countries in terms of yield per hectare are Belgium, Germany, France, the Netherlands, the UK and the USA.
About Plant Impact plc
Plant Impact develops and markets ecologically friendly crop nutrition and crop protection products. These products improve crop yields by reducing plant stresses caused by temperature, salinity, drought and light. The Company sells its products directly and through licensing agreements with international agrochemical companies. The Directors believe that Plant Impact is differentiated from its competitors by marketing effective and environmentally friendly products.
Plant Impact has four key technologies marketed initially to the high value fruit and vegetable crop sectors; Bug Oil, CaT, PiNT and Speedo. The next two years will be dominated by CaT and PiNT sales to existing markets, and BugOil milestone payments in advance of its international roll out through Arysta, a global top ten agrochemical company.
For further information please visit www.plantimpact.com
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