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RNS Number : 5671E
Plant Health Care PLC
09 November 2020
RNS
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Plant Health Care(R) and Wilbur-Ellis(R) Agribusiness enter into
Joint-Development Agreement for PREtec products
November 9, 2020 - Plant Health Care(R) , a leading provider of
novel patent-protected biological products to global agriculture
markets and Wilbur-Ellis(R) Agribusiness, a recognized leader in
precision agriculture, crop protection, seed, nutrition and
biological products, announced today they have entered a strategic
collaboration for the development of products selected from Plant
Health Care's PREtec peptide portfolio.
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.
Highlights:
- Plant Health Care has been developing PHC279 and other
peptides that offer substantial benefits to growers in the U.S.
- Wilbur-Ellis, one of the largest U.S. ag retailers, will use
its decades of agriculture knowledge and work with Plant Health
Care to develop and launch products using PREtec peptides in the
specialty crop market.
- 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 U.S. growers of specialty crops (fruits, nuts
and vegetables), has been working with PREtec over the last growing
season to understand how the technology works and where to best
position it in the market. Based on that experience, they wish to
accelerate their work with Plant Health Care to bring the benefits
of these products to U.S. growers. This is intended to be a
long-term collaboration to develop a series of products based on
PREtec peptides.
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.
Chris Richards, CEO of Plant Health Care, said "We are delighted
to be working with Wilbur-Ellis to bring the benefits of PREtec
peptides to growers of specialty crops. Wilbur-Ellis has been
working with our Employ brand (Harpin <ALPHA><BETA>)
for many years and has significantly increased sales since being
appointed exclusive distributor for U.S. specialty crops in 2019.
They are the ideal partner for us to work with to develop a series
of PREtec products in U.S. specialty crops over the coming years,
with the first launch as early as the end of 2022, subject to
regulatory approvals. This agreement represents an important
validation of the commercial value of PREtec as we move to the
first product launches. After more than six years and over $20m
invested, the benefits of PREtec peptide products will soon be
widely available to growers in the U.S. and elsewhere."
"Our mission is to maximize the return on investment for our
customers," said Wilbur-Ellis Agribusiness President Mark Ripato.
"We're looking at numerous paths to deliver those results. We
believe the biologicals segment is one of those. Therefore, we are
excited to work with Plant Health Care, a globally recognized
innovator in this segment, to help us deliver value to the grower
in a sustainable way."
# # #
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 $3 .4 billion. www.wilburellis.com
Wilbur-Ellis' Agribusiness generates more than $2 billion in
sales revenue annually and has 160 branch locations throughout the
U.S. www.wilburellisagribusiness.com
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:
Chris Richards, CEO Tel: +1 919 926 1600
Arden Partners plc - Nomad & Broker
John Llewellyn-Lloyd / Ben Cryer Tel: +44 (0) 20 7614 5900
For further information from Wilbur-Ellis, please contact:
Katherine Fordon, email: Katherine Fordon , (415) 722-4036.
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of Article 7 of EU Regulation 596/2014.
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END
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