Plant Health Care PLC - Manchester-based maker of biological products for agriculture - Signs a distribution agreement with Agrii UK, a leading provider of crop inputs, agronomy advice and services to arable, fruit and vegetable growers in the UK. The agreement will support commercial sales of PREtec technology and novel Agrii foliar micronutrient combinations. The first Agrii foliar fertilizer product to be launched containing PREtec technology will be sold under the brand Innocul8 and is expected to be widely available to growers in the UK for use in 2024. Explains the commercialization of PREtec in micronutrient combinations represents an important milestone in the adoption of its technology in established markets. Says on track to achieve revenue of USD30 million by 2025, through the launch of new products and continued growth through current and future distributor relationships, and to achieve cash breakeven and profit along that track.
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By Jeremy Cutler, Alliance News reporter
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Plant Health (PHC)