Plant Health Care - Plant Health Care and Wilbur-Ellis sign Agreement
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Plant Health Care® and Wilbur-Ellis® Agribusiness enter into Joint-Development Agreement for PREtec products
Plant Health Care's plant response elicitor ("PREtec") peptides represent a novel class of technology that stimulate the plant to defend itself. Derived from natural proteins, PREtec is an environmentally friendly approach to protecting crops and increasing yields and is compatible with mainstream agricultural practice. PREtec peptides promote plant health, suppress disease and soil nematodes and increase yield. PREtec may allow farmers to reduce applications of less safe chemical fungicides and achieve better control of damaging plant diseases.
- Plant Health Care has been developing PHC279 and other peptides that offer substantial benefits to growers in the
- Wilbur-Ellis, one of the largest
- Multiple PREtec products are being evaluated by the two companies.
- The first product launches will occur soon after regulatory approvals have been obtained.
Wilbur-Ellis, which has an established track record of bringing novel technologies to
Multiple PREtec products are being evaluated, initially focusing on improving disease and nematode control, and stress tolerance. The parties are committed to rapidly moving new products through the development process in order to make this novel technology available to growers as soon as possible. This collaboration brings together the development and marketing strengths, as well as decades of agriculture knowledge of Wilbur-Ellis, especially in biological products, with Plant Health Care's industry-leading expertise on PREtec peptides.
"Our mission is to maximize the return on investment for our customers," said Wilbur-Ellis Agribusiness President
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About the Wilbur-Ellis Companies
Founded in 1921, the Wilbur-Ellis companies are leading international marketers and distributors of agricultural products, animal feed, industrial chemicals, specialty chemicals and ingredients. By developing strong relationships, making strategic market investments and capitalizing on new opportunities, the Wilbur-Ellis companies have continued to grow the business with sales now over
Wilbur-Ellis' Agribusiness generates more than
About Plant Health Care
Plant Health Care offers products to improve the health, vigor and yield of major field crops such as corn, soybeans, potatoes and rice, 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 favorable environmental profile. Company website: www.planthealthcare.com
For further information from Plant Health Care plc, please contact:
Arden Partners plc - Nomad & Broker
For further information from Wilbur-Ellis, please contact:
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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