Plant Health Care PLC New Technology Update (6896I)
28 Noviembre 2018 - 01:00AM
UK Regulatory
TIDMPHC
RNS Number : 6896I
Plant Health Care PLC
28 November 2018
28 November 2018
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
New Technology Update
Plant Health Care(R) , a leading provider of novel
patent-protected biological products to global agriculture markets,
is pleased to provide the following update in relation to its New
Technology business in corn and soy crops.
Highlights:
- Plant Health Care's novel PREtec (Plant Response Elicitor
Technology) has very large potential in the more than 375 million
acres of corn and soy planted in North America, Brazil and
Argentina.
- Three more global agricultural/seed companies have signed
agreements to evaluate Plant Health Care's PREtec product
candidates on multiple crops on three continents.
- These new collaborators are seeking novel, low toxicity
biological products such as PREtec, to enable farmers to be more
productive with lower environmental impact.
- Plant Health Care is continuing field trials with the
Company's Innatus 3G peptide PHC279 against Asian Soybean Rust
(ASR) in Brazil.
PREtec is a novel, environmentally friendly approach to
protecting crops, based on peptides derived from natural proteins.
These proprietary peptides are stable and compatible with
mainstream agriculture practices. By activating the innate growth
and defence mechanisms of plants, PREtec peptides lead to higher
crop yields and better protection against disease and environmental
stresses such as drought.
Corn and soy are major targets for PREtec. They are grown on
more than 375 million acres in North and South America. A yield
increase of just 2% brings a soybean farmer in Brazil almost an
additional $10 per acre; in the USA it brings a corn (maize) farmer
almost $13 per acre. Plant Health Care's evaluation partners supply
most of the leading corn and soy seed treatments.
PREtec peptides can also reduce the corn yield losses caused by
drought stress during critical growth stages. Under the drought
conditions of the Company's field trials, corn plants whose seeds
were treated with PREtec increased yield by an average of almost
17% over three consecutive growing seasons compared to untreated
plants.
Three additional global agricultural companies have now signed
agreements to evaluate several platforms of the PREtec technology.
These companies join existing evaluation partners, who are looking
for novel technology that will boost yield in row crops and have a
safe environmental profile while solving significant problems faced
by growers today.
In the 2018/19 soybean growing season in Brazil, Plant Health
Care will be conducting further trials of PHC279 against Asian
Soybean Rust (ASR). Last season this product did not deliver a
decisive impact on disease symptoms as a foliar spray, but did show
yield improvements. This season, trials will assess the economic
value of PHC279 seed treatment and early season sprays.
Chris Richards, Executive Chairman & Interim CEO, said "As
we continue to generate positive results from our PREtec platform
of peptides, we are delighted to expand our range of partners who
will evaluate our technology on multiple crops in multiple regions
during the 2019 growing season."
For further information, please contact:
Plant Health Care plc Tel: +1 919 926 1600
Chris Richards, Executive Chairman
and Interim CEO
Arden Partners plc (Nomad and Broker) Tel: +44 (0) 20 7614 5900
John Llewellyn-Lloyd
Dan Gee-Summons
IFC Advisory (Financial PR) Tel: +44 (0) 20 3934 6630
Graham Herring
Miles Nolan
Zach Cohen
Company website: www.planthealthcare.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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