Plant Health Care PLC Brazil Update (2170Z)
09 Enero 2020 - 01:00AM
UK Regulatory
TIDMPHC
RNS Number : 2170Z
Plant Health Care PLC
09 January 2020
9 January 2020
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Brazil Update
Plant Health Care(R) , a leading provider of novel
patent-protected biological products to global agriculture markets,
provides the following update on trading in Brazil further to the
Trading Update on 19 December 2019.
Plant Health Care has now received the licence to import
unlimited amounts of Harpin 𝜶<BETA> into Brazil,
which had been anticipated in late 2019. This licence will allow
the Company to ship product to Brazil to satisfy existing demand in
sugar cane and row crops; it is anticipated that orders will be
invoiced during the first quarter of 2020.
Demonstration trials of Harpin 𝜶<BETA>
reliably give average yield increases of 20% or more in sugar cane
in Brazil. The Company currently has trials on the ground with
producers and processors which grow some 3 million Ha of sugar
cane; these trials will report results during the course of
2020.
Chris Richards, CEO of Plant Health Care said: "This import
licence unblocks sales of Harpin 𝜶<BETA> to
Brazil, which we had anticipated in 2019. We are now free to
explore ways of ramping up sales to sugar cane in Brazil even
faster. With more than 8 million Ha of sugar cane planted in
Brazil, this is a huge opportunity for the Company."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Plant Health Care plc
Chris Richards, CEO Tel: +1 919 926 1600
Arden Partners plc - Nomad & Broker
John Llewellyn-Lloyd / Dan Gee-Summons Tel: +44 (0) 20 7614 5900
Company website: www.planthealthcare.com
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END
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