Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPHC.L Regulatory News (PHC)

  • There is currently no data for PHC

Agreement with MANA Crop Protection

5 Apr 2012 07:00

RNS Number : 8962A
Plant Health Care PLC
05 April 2012
 



5 APRIL, 2012

 

Plant Health Care plc

("Plant Health Care" or "the Company")

 

PLANT HEALTH CARE ANNOUNCES AGREEMENT

WITH MANA CROP PROTECTION

 

Plant Health Care (AIM: PHC), a leading provider of naturally derived products to the agriculture industry, announces that it has signed an agreement with MANA Crop Protection (MANA), to combine PHC's dry formulated Harpin αβ protein technology for use as a foliar spray in corn, soybeans, and dry beans with select MANA technologies in the USA. In 2012, MANA and PHC will test market combinations of PHC's yield-enhancing Harpin protein technology with MANA's Bumper® and Incognito® foliar fungicides. This program follows the same model that will result in an estimated three million acres of soybeans being treated with Harpin seed treatment in 2012. Financial terms of the agreement are confidential.

 

In 2011, the US-foliar corn fungicide market exceeded $135 Million in grower value. More than 80% of expenditures were strobilurin-based fungicides, yet the crop protection industry's Fungicide Resistance Action Committee has classified strobilurin fungicides as high risk for developing fungal resistance. The use of Harpin protein in combination with non-strobilurin-based fungicides mitigates the development of strobilurin-based fungicide resistance, and represents a new opportunity to be an effective replacement in situations where popular strobilurin-based fungicides may no longer be effective.

 

In direct comparison across multiple, commercial-scale farm trials that were set-up and managed by the Iowa Soybean Association's On-Farm Network in 2011, a harpin-propiconazole combination produced higher average yields than the market-leading strobilurin-based fungicides. These foliar Harpin/fungicide on-farm trials are consistent with 3 years of PHC-managed replicated evaluations in which Harpin recorded higher yields and a higher percentage of wins than the non-Harpin treated comparison blocks.

 

According to John Brady, CEO, PHC, "We're very excited to work with a company of the caliber of MANA Crop Protection. The three years of field results achieved in corn with Harpin plus fungicides led to our test marketing agreement with MANA, and validates our beliefs that Harpin can be used effectively to improve the performance of foliar fungicides in these crops. Makhteshim Agan Industries, MANA's parent company, is the largest manufacturer and seller of post-patent crop protection chemicals in the world and we are discussing additional opportunities and crop segments to combine MANA technologies, such as the fungicide thiophanate methyl, with our Harpin technology.

 

"MANA Crop Protection's leading goal is to provide producers with high-value, innovative products that improve their bottom line while encouraging them to adopt technologies that manage resistance," said Keith Miller, MANA's Innovation Product Leader. "We believe PHC's Harpin, in combination with proven fungicides like Bumper® or Incognito®, will meet both objectives."

 

- ENDS -

 

 

About Plant Health Care plc: Plant Health Care plc ("PHC") is a leading provider of naturally derived products for plants and soil. Established in 1995 in Pittsburgh (Pennsylvania) in the United States, PHC currently has approximately 90 employees and has operations in the United States, Mexico, the United Kingdom, Spain, and the Netherlands. The Company's ordinary shares have been quoted on the Alternative Investment Market ("AIM") of the London Stock Exchange since July 2004 and listed on the Official List of the Channel Islands Stock Exchange ("CISX") in February 2010 (ticker symbol/ mnemonic: PHC).

 

PHC's products are aimed at agriculture industries and are environmentally beneficial. Through the commercialisation of these products, PHC is capitalising on current long-term trends toward natural systems and biological products for plant care and soil and water management. Further information is available at: www.planthealthcare.com.

 

For further information, please contact:

 

Plant Health Care plc

John Brady, Chief Executive Officer

Tel: +1-603-525-3702

jabrady@planthealthcare.com

 

Powerscourt

Nick Dibden / Victoria Ward

Tel: +44-20-7250 1446

Nick.dibden@powerscourt-group.com

Victoria.ward@powerscourt-group.com

 

 

About MANA Crop Protection: MANA offers the most comprehensive and diversified product portfolio in the crop protection industry, with more than 60 formulations of insecticides, fungicides, herbicides, plant growth regulators, and harvest aids. These proven products are efficiently manufactured to the highest standards and value priced to optimize the farm's profitability potential. As the North American arm of the world's seventh largest agrochemical company, MANA provides best-in-class formulations, regulatory capabilities, field research, and a science-based approach to defend and maintain vital active ingredients that other companies have abandoned. Our area business management team throughout the U.S. supports the distributors, retailers, crop consultants and agronomists who are part of the supply chain that farmers and farm managers rely on for localized expertise. MANA is a North American wholly owned affiliate of Makhteshim-Agan Industries, Ltd (MAI). Additional information about MANA can be found online at www.manainc.com.

 

About Makhteshim Agan: Makhteshim-Agan Industries Ltd helps farmers around the world to increase the yield of their crops through the production and distribution of crop protection solutions. In 2010, its sales reached USD 2.368 billion and it was ranked seventh in the global agrochemical industry and fourth in Europe, with a global market share of more than 5 percent. The Company is known for its extensive knowledge and experience, outstanding technological and engineering abilities, expertise in product registration, compliance with stringent environmental protection standards, strict quality control, and global marketing and distribution channels.

 

Corporate Contact

Keith Miller

Innovation Product Leader

MANA Crop Protection

Office:

 (314) 306-7444Email: kmiller@manainc.com

 

Public Relations Agency Contact

Lisa Adams

Public Relations Lead

Sage Virtual Communications

Mobile: (309) 825-0598

Email: lisa@sagevirtualcommunications.com

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRBKPDPPBKKNQK
Date   Source Headline
1st Sep 20118:00 amRNSStatement re Jeremy Scudamore
22nd Aug 201110:00 amRNSPosting of Interim Report
19th Aug 201110:30 amRNSBLOCK LISTING SIX-MONTHLY RETURN
17th Aug 201110:40 amRNSAdditional Listing and Directors' Shareholdings
15th Aug 20117:00 amRNSHalf Yearly Report
28th Jul 20114:30 pmRNSHolding(s) in Company
1st Jun 20115:00 pmRNSHolding(s) in Company
27th May 20113:00 pmRNSHolding(s) in Company
26th May 20117:00 amRNSTrading Update
14th Apr 20112:51 pmRNSResult of AGM
7th Apr 201110:00 amRNSHolding(s) in Company
21st Mar 201112:00 pmRNSAnnual Financial Report and Notice of AGM
1st Mar 201110:15 amRNSTotal Voting Rights
24th Feb 201110:30 amRNSReplacement Director/PDMR Shareholding
23rd Feb 20111:30 pmRNSDirector/PDMR Shareholding
22nd Feb 201112:15 pmRNSDirector/PDMR Shareholding
21st Feb 20117:01 amRNSFinal Results
18th Feb 20113:00 pmRNSBlocklisting Interim Review
14th Jan 20117:00 amRNSDisposal and Trading Update
12th Jan 20115:30 pmRNSHolding(s) in Company
15th Dec 20102:30 pmRNSHolding(s) in Company
1st Nov 201012:59 pmRNSTotal Voting Rights
25th Oct 20109:34 amRNSLicensing Agreement with XS Inc
1st Oct 20103:00 pmRNSTotal Voting Rights
9th Sep 20107:00 amRNSAgreement with Germains Seed Technology
1st Sep 201010:30 amRNSTotal Voting Rights
24th Aug 20103:30 pmRNSPosting of Interim Report
19th Aug 201012:30 pmRNSBlocklisting Interim Review
18th Aug 201010:15 amRNSAdditional Listing
16th Aug 20107:00 amRNSHalf Yearly Report
26th Jul 20107:00 amRNSAgreement with Syngenta Crop Protection Inc.
12th Jul 201012:30 pmRNSHolding(s) in Company
1st Jul 201010:05 amRNSHolding(s) in Company
1st Jul 201010:00 amRNSHolding(s) in Company
30th Jun 20104:45 pmRNSTotal Voting Rights
29th Jun 20109:30 amRNSHolding(s) in Company
16th Jun 201011:20 amRNSTrading Update
28th May 20107:00 amRNSSale of PHC Reclamation Inc.
10th May 20107:00 amRNSMyconate Collaboration with Brazilian Government
6th May 20107:00 amRNSMyconate Agreement with Legacy Seeds Inc
30th Apr 20109:30 amRNSTotal Voting Rights
28th Apr 20109:30 amRNSAdditional Listing
28th Apr 20107:00 amRNSPatent Application for AirStrike programme
26th Apr 20107:00 amRNSMyconate IP Agreement with Bayer CropScience
21st Apr 20106:00 pmRNSVesting of Shares under LTIP
20th Apr 20107:00 amRNSHarpin agreement with Plant Foods Inc.
15th Apr 20105:00 pmRNSResult of AGM
22nd Mar 20107:00 amRNSPatent Protection Application
15th Mar 20103:30 pmRNSDirector/PDMR Shareholding
8th Mar 201012:45 pmRNSPublication of Annual Report & Notice of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.