Plant Health Care PLC Trials agreement signed with Agrii UK (6792W)
August 22 2022 - 2:00AM
UK Regulatory
TIDMPHC
RNS Number : 6792W
Plant Health Care PLC
22 August 2022
22 August, 2022
Plant Health Care plc
("Plant Health Care" or the "Company")
Trials agreement signed with Agrii UK
Plant Health Care(R) (AIM: PHC.L ), a leading provider of novel,
patent-protected biological products to global agriculture markets,
announces a trials agreement with Agrii UK ("Agrii") under which
Agrii will evaluate Plant Health Care's novel PREtec
technology.
Highlights
-- Preliminary Plant Health Care studies indicate promising results with PREtec products in potatoes, resulting in
improved potato quality and yield, with significantly lower environmental impact than many agrochemical
treatments.
-- Agrii will now conduct field trials of PREtec products on UK potatoes, in combination with a novel Agrii
fertilizer blend.
-- If trials prove successful, Plant Health Care and Agrii will, subject to regulatory and other approvals, look at
opportunities to bring the product to market in 2023.
-- Agrii is a leading provider of crop inputs, agronomy advice and services to arable, fruit and vegetable growers
in the UK.
Background
Plant Health Care has invested more than $25 million in its
PREtec peptide technology platform ("Vaccines for Plants"). PREtec
is a novel class of technology which stimulates a plants' immune
system to defend itself from a variety of abiotic stresses to
improve plant health and yield. Derived from natural proteins,
PREtec is an environmentally friendly approach to protecting crops
and is compatible with mainstream agricultural practices.
The Company plans to deliver at least one major launch of a
PREtec product every year. Saori was the first product to be
launched from the PREtec platform, in Brazil in 2021. Similar
launches of PREtec technology are planned for US markets in 2022
and 2023.
Pressure on farmers to move to more sustainable practices is
very strong in Europe. As a result, Europe is now the largest
market in the world for biological products. The commencement of
field trials in the UK is a key step for Plant Health Care in
preparing to launch a PREtec product in Europe.
With more than 140 thousand hectares of potatoes planted
annually in the UK, the crop represents a significant target for
Plant Health Care. Extension to other crops in the UK is expected
over time.
Jeff Tweedy, CEO of Plant Health Care said, "Plant Health Care
has had a long-term successful relationship with Agrii for the
distribution of our ProAct(R) product. I am very pleased now to
continue the relationship to include trials for PREtec-based
fertilizer products and explore the full potential of this new
opportunity with a leading distributor in the agriculture sector in
the UK."
For further information, please contact:
Plant Health Care plc
Jeff Tweedy, CEO +1 919 926 1600
Cenkos Securities plc - Nomad & Broker
Neil McDonald / Pete Lynch +44 (0) 131 220 9771
SEC Newgate (Financial Communications) +44 (0)7540 10666
Robin Tozer / Richard Bicknell / George Esmond phc@secnewgate.co.uk
About Plant Health Care
Plant Health Care offers products to improve the health, vigour
and yield of major field crops such as corn, soybeans, potatoes and
rice, as well as specialty crops such as fruits and vegetables. We
operate globally through subsidiaries, distributors and s upply
agreements with major industry partners. Our innovative,
patent-protected biological products help growers to protect their
crops from stress and diseases, and to produce higher quality fruit
and vegetables, with a favourable environmental profile. Find out
more at the company website: www.planthealthcare.com
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END
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