18th Nov 2010 07:00
Press release | 18 November 2010 |
Grant of national product registrations in Brazil
Plant Impact plc (AIM: PIM) ("Plant Impact" or the "Company"), which develops and markets ecologically friendly crop nutrition and protection products, is pleased to announce that the Brazilian Ministry of Agriculture has granted national product registrations for InCa™, PiNT™ Ca, PiNT™ K and Scope.
The directors of Plant Impact (the "Directors") believe that this is a key milestone, which has only been achieved after a regulatory review process, as it will make Plant Impact's products available to the agricultural industry in Brazil and thereby enabling more effective and sustainable integrated plant health and crop management.
Brazilian farmers grew an aggregate of approximately 21 million hectares of soybean, 14 million hectares of corn, 2 million hectares of coffee bean and 1 million hectares of cotton in 2008. Therefore, the Company considers the Brazilian agricultural market to be a major opportunity for it.
Plant Impact is working closely with its business partners in Brazil, including Arysta, Syngenta and EMBRAPA, the Brazilian Agricultural Research Corporation. The Directors believe that there are major unmet needs already identified in plant nutrition and crop protection where Plant Impact's products can assist with effective and sustainable integrated crop production and plant health management.
The Directors believe that the knowledge generated from the initiatives in Brazil will also contribute to Plant Impact's commercial development of InCa™, PiNT™ Ca, PiNT™ K and Scope™ as, by virtue of Brazil's location in the Southern Hemisphere, this will allow two development growing seasons each year, instead of only one.
Enquiries:
For further information, please contact:
Plant Impact Plc | |||
Peter Blezard, Chief Executive Office | +44 (0) 1772 645 164 | ||
Mike Panteli, Chief Financial Officer | +44 (0) 1772 645 165 | ||
Allenby Capital Limited - Nominated Adviser and Broker | |||
Nick Naylor / Alex Price | +44 (0) 20 3328 5656 | ||
Conduit PR - Financial PR/IR | |||
Charlie Geller | +44 (0) 20 7429 6604 |
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About EMBRAPA
The Empresa Brasileira de Pesquisa Agropecuária (EMBRAPA) (Brazilian Enterprise for Agricultural Research) is a state-owned company affiliated with the Brazilian Ministry of Agriculture, which is devoted to pure and applied research on agriculture. EMBRAPA conducts research on many topics including animal agriculture and crops. Since its establishment in 1973, EMBRAPA has generated and recommended more than nine thousand technologies for Brazilian agriculture, reduced production costs and helped Brazil to increase the offer of food while, at the same time, conserving natural resources and the environment and diminishing external dependence on technologies, basic products and genetic materials.
EMBRAPA coordinates the National Agricultural Research System, which includes most public and private entities involved in agricultural research in Brazil.
Further details on EMBRAPA can be found at http://www.embrapa.br/english
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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