Syngenta Acquires Innovative Bio-Control Technology to Improve Usable Crop Yields
11 Junio 2009 - 5:00AM
PR Newswire (US)
WASHINGTON, June 11 /PRNewswire-FirstCall/ -- Syngenta today
announced that it has acquired Georgia-based Circle One Global,
Inc., to add an innovative antitoxin crop protection technology to
the company's portfolio. Circle One Global markets the product
Afla-Guard(R), which is aimed at reducing aflatoxin, a toxin that
can develop in crops such as corn and peanuts, particularly during
heat and drought stress. "The acquisition of this technology adds
an important biological crop protection technology to the Syngenta
portfolio, further complementing our modern crop protection
portfolio," said Valdemar Fischer, president of Syngenta Crop
Protection, North America. "Food security and quality are high on
the agenda of the food chain and consumers. This new, sustainable
technology can dramatically increase usable yield, protect growers'
investments in crop production, and may allow for the
re-introduction of corn to parts of the southern U.S. where
aflatoxin has prevented its cultivation for many years." The
Afla-Guard technology was originally developed by the USDA
Agricultural Research Service and licensed exclusively to Circle
One Global in 2002. The product is currently registered for use on
corn and peanuts in the U.S. Syngenta plans to apply for extension
of the registration line to other crops and expand production to
meet the anticipated demand. The Company also plans to seek
registration of Afla-Guard in other countries. Afla-Guard is the
first registered microbial antifungal crop protection product for
use on corn and peanuts that has been effective in reducing the
levels of aflatoxin in these crops. Aflatoxin contamination costs
U.S. corn and peanut farmers more than $200 million annually.
Afla-Guard contains a naturally-occurring, non-toxic fungus that
reduces the development of the fungi that produce aflatoxin in
grains, nuts and oil seeds through competition. Afla-Guard uses an
inert agricultural granule carrier to deploy the spores of the
non-toxic fungus. The spores grow and colonize the field, allowing
for efficient growth of the crop. Use of Afla-Guard will provide a
new and effective tool to complement cultural and management
practices that can also help to reduce aflatoxin contamination.
Financial terms of the agreement were not disclosed. For more
information, please visit http://www.afla-guard.com/ or contact the
Syngenta Customer Service Center at 1-866-SYNGENTA
(1-866-796-4368). Syngenta is one of the world's leading companies
with more than 24,000 employees in over 90 countries dedicated to
our purpose: Bringing plant potential to life. Through world-class
science, global reach and commitment to our customers we help to
increase crop productivity, protect the environment and improve
health and quality of life. For more information about us please go
to http://www.syngenta.com/ Afla-Guard and the Syngenta logo are
trademarks of a Syngenta Group Company. Cautionary Statement
Regarding Forward-Looking Statements This document contains
forward-looking statements, which can be identified by terminology
such as 'expect', 'would', 'will', 'potential', 'plans',
'prospects', 'estimated', 'aiming', 'on track' and similar
expressions. Such statements may be subject to risks and
uncertainties that could cause the actual results to differ
materially from these statements. We refer you to Syngenta's
publicly available filings with the U.S. Securities and Exchange
Commission for information about these and other risks and
uncertainties. Syngenta assumes no obligation to update
forward-looking statements to reflect actual results, changed
assumptions or other factors. This document does not constitute, or
form part of, any offer or invitation to sell or issue, or any
solicitation of any offer, to purchase or subscribe for any
ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form
the basis of, or be relied on in connection with, any contract
therefore. Media contacts: Steven Goldsmith Tel: 336 632 2517
Sherry Duvall Ford Tel: 336 632 6107 DATASOURCE: Syngenta CONTACT:
Steven Goldsmith, +1-336-632-2517, , or Sherry Duvall Ford,
+1-336-632-6107, , both of Syngenta Web Site:
http://www.syngenta.com/
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