Announcement
Plant Health Care : New Commercial Distribution Agreements
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® (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™, a novel product containing PHC's patented Harpin™ 𝜶β 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® product (containing PHC's patented Harpin 𝜶β 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® and Myconate® products in Portugal.
- Plant Health Care continues to build on its recent success in South Africa with its Harpin 𝜶β 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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