Last checked at 1 Aug 2023 07:00
RNS
01 August 2023
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Approval for Sale of Harpin αβ Granted in Poland
Plant Health Care® (AIM: PHC.L), a leading provider of novel patent-protected biological products to global agriculture markets, is pleased to announce that Harpin αβ, the Company's core, high-value fertilizer product with biostimulant properties, has successfully achieved Mutual Recognition in Poland. This is a major milestone for the Company, and permits immediate sales of Harpin αβ in Poland. Poland is the sixth largest agricultural producer in the EU, and the second largest potato producer behind Germany, growing around 322,000 hectares.
Following the initial regulatory approval in France in October 2022, Plant Health Care has pursued Mutual Recognition to expand the use of Harpin αβ across Europe and Poland is the first EU country to grant this status for Harpin αβ.. Europe is the world's largest market for sustainable agriculture with annual sales of over $2 billion.
Harpin αβ is a recombinant protein that acts as a powerful biostimulant, improving the yield and quality of crops. Plant Health Care is launching Harpin αβ for use in European potato production, followed by fruit and vegetable crops. Potato field trials are currently underway in Germany, France, Belgium and the Netherlands to demonstrate the value of Harpin αβ. The Company sells Harpin αβ through specialist distributors around the world. Visits to the field trials with interested distributors to observe the results of Harpin αβ on treated potato plants are planned for mid-August.
Angel Marin, Director EMEAA for Plant Health Care, said: ‟Expanding the use of our core product, Harpin αβ, in Europe's biggest agricultural markets has been a long-term goal of mine. The granting of Mutual Recognition by Poland brings us one-step closer and the Company expects to select our distribution partner for France, Poland and other EU countries by the end of the year. Harpin αβ is an environmentally friendly, and proven protein technology which improves plant growth and development resulting in higher quality, yields and long-term storage stability, which are vital as the world becomes more concerned about food security."
For further information, please contact:
Plant Health Care plc Jeff Tweedy, CEO |
+1 919 926 1600 |
Cenkos Securities plc - Nomad & Broker Neil McDonald / Pete Lynch |
+44 (0) 131 220 9771 |
SEC Newgate (Financial Communications) Robin Tozer / Harry Handyside / George Esmond | +44 (0)7540 106 366 phc@secnewgate.co.uk |
About Plant Health Care
Plant Health Care offers products to improve the health, vigour 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 favourable environmental profile.
Find out more at www.planthealthcare.com