21st Apr 2009 08:00
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Press release |
21 April 2009 |
Plant Impact plc
("Plant Impact" or "the Company")
Plant Impact unveils first sales in France, Poland, Kenya and Ghana
Plant Impact plc (AIM:PIM), a developer of technologies that improve crop productivity, is pleased to announce sales of its crop nutrient products in France, Poland, Kenya and Ghana.
Products from three of the company's portfolio of technologies are now being sold for the first time in France. This includes CaT, which is a calcium absorption aid, PiNT which is a unique controlled Nitrogen release technology that promotes improved growth habit and vigour and Speedo which accelerates reproductive growth leading to faster and better colour, flowering, sugar production and maturity in a range of economically important crops, which includes grape, tomato, soft fruit and vegetable markets. Plant Impact has appointed two distributors in France with differing expertise and routes to market?.
Sales of CaT and Speedo technologies were secured in Poland as a consequence of the distributor agreement with Miller Chemical. To further enhance revenue prospects, Miller are conducting technology field trials in the country during the course of 2009.
The Company's first Crop nutrient sales of its PiNT technologies, which strengthen flower stems, of ornamentals have been secured in Kenya. Furthermore, sales of Plant Impact's CST (Cocoa Stress Technologies) in Ghana are underway with field trial results, ahead of commercialisation, set in train for this year. CST is a product containing Plant Impact's new generation Alethea plant stress technologies and to date these have been found to be highly effective in cocoa trials resulting in 60% yield increases.
Commenting on the size of the market, long term scope for revenues growth and sales already achieved, Peter Blezard, Chief Executive Officer of Plant Impact plc commented: ""We are very pleased with both the range of technologies sold and the international spread of our first sales achieved to date, securing transactions in four countries. Indeed, we see very significant scope for growth in sales of our technologies with strong projections forecast. By way of estimate, we calculate that the market for all crop nutrients is worth up to £348 million in France and £154 million in Poland, and for CST technology, the market in Ghana is worth £48 million alone"
For further information, please contact:
Peter Blezard +44 (0) 1772 733 744
Chief Executive Officer
Plant Impact plc
Emily Morgan/Nick Harriss +44 (0) 207 489 4500
Blomfield Corporate Finance Ltd (Nomad)
Nicholas Malins-Smith/James Wood +44 (0) 207 382 4451
Religare Hichens, Harrison plc (Broker)
Anna Dunphy / Tristan Jervis +44 (0) 207 861 3838
Financial PR/IR
De Facto Communications
Notes to Editors
About Plant Impact plc
Plant Impact addresses the increasing global demand for effective, sustainable and ecologically-sound products to combat environmental plant stress and improve crop productivity. Common environmental plant stresses include drought, salinity, nutrient deficiencies, pests and disease. Plant Impact's advances produce practical results that reduce inputs and benefit the whole of the agricultural value chain, providing solutions for growers, food manufacturers and consumers.
A broad product portfolio has been developed using these innovative and proprietary technologies, the most advanced of which are already being marketed and sold through established agricultural distribution networks. Products for the home and garden market are also distributed direct to consumers through reputable high street stores.
Current Plant Impact technologies include:
Alethea® - resistance to climate, water and salt stress
CaT - higher yield, improved shelf life, reduction of physiological disorders
Speedo™ - accelerated plant growth
PiNT™ - higher yielding stronger plants
BugOil® - benign pest control
For further information please visit www.plantimpact.com
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