22 April
2024
Plant Health Care
plc
("Plant Health Care" or the "Company")
Approval for Sale of Harpinαβ Granted
in Belgium
Plant Health Care® (AIM:
PHC.L), a leading provider of novel patent-protected biological
products to global agriculture markets, is pleased to announce that
Harpinαβ, the Company's core, high-value fertilizer product with
biostimulant properties, has successfully achieved registration
in Belgium. This is a major operational milestone for the
Company and permits immediate sales of Harpinαβ
in Belgium.
Following the initial regulatory
approval in France in October 2022, Plant Health Care has
pursued approvals to expand the use of Harpinαβ across Europe.
Mutual recognition was achieved in Poland and Spain in 2023
and Portugal in February of 2024. With the granting of the
derogation, Belgium is the next EU country to authorize sales of
Harpinαβ. Europe is the world's largest market for
sustainable agriculture with annual sales of over $2
billion.
Harpinαβ is a recombinant
protein that acts as a powerful biostimulant, improving the yield
and quality of crops. Plant Health Care is launching Harpinαβ for
use in European potato production, followed by fruit and vegetable
crops. Belgium is one of the leading
agricultural producers in the EU, and the Belgium potato harvest in
2023 was 4.85 million tons from
96,000 planted hectares.
The Company
sells Harpinαβ through specialist distributors around the
world. Field trials are ongoing with interested distributors to
observe the results of Harpinαβ on treated potato plants and the
Company plans to select a distributor for the European market prior
to the end of 2024.
Angel Marin, Director EMEAA
for Plant Health Care, said: ‟It has been a long-term goal of the Company to expand
the use of its core product, Harpinαβ
across Europe's biggest agricultural markets. The
authorization to begin sales in Belgium brings us
one-step closer and the Company expects to select our distribution
partner for the EU countries by the end of the year. Harpinαβ
is an environmentally friendly, and proven protein technology
which improves plant growth and development resulting in higher
quality, yields and long-term storage stability, which are critical
as the world seeks to address food security."
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For
further information, please contact:
|
Plant Health Care plc
Jeff
Tweedy, CEO
|
Tel: +1 919 926 1600
|
|
Cavendish Capital Markets Limited - Nomad &
Broker
Neil
McDonald / Pete Lynch
|
Tel: +44 (0) 131 220 9771
|
About Plant Health Care
Plant Health Care offers products to
improve the health, vigour and yield of major field crops such as
corn, soybeans, sugarcane, potatoes, rice, and wheat, as well as
specialty crops such as fruits and vegetables. We operate globally
through subsidiaries, distributors, and supply 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 www.planthealthcare.com