PHC.L Regulatory News (PHC)

21 Jan 2008 07:01

Plant Health Care PLC21 January 2008 For release: 21 January 2008 PLANT HEALTH CARE PLC ("Plant Health Care" or "the Company") Bayer CropScience moves forward with second year of Myconate(R) tests Plant Health Care (AIM: PHC.L), a leading provider of natural products forplants and soil, announces that following the 2007 trial results, BayerCropScience has confirmed that it will move forward with the second year ofMyconate(R) testing. Bayer CropScience will be making a milestone payment toPlant Health Care for the continuation of the cooperation into the second year.Financial details were not disclosed. Bayer CropScience, the global leader in seed treatment products, offers a broadportfolio of high-quality products to combat pests and fungal diseases. PlantHealth Care's Myconate(R) technology is known to help crops to develop largerroot mass through the stimulation of naturally occurring mycorrhizal fungi,which in turn often leads to improved yields and enhanced stress resistance.Both companies are collaborating on the further development of Myconate(R) as aseed treatment product in corn, soybean, cotton and sunflower on a worldwidebasis. Commenting, John Brady, Chief Executive of Plant Health Care said: "We areexcited that Bayer CropScience has elected to move forward with the developmentand trial programme and we look forward to working with them to further developthe commercial potential of Myconate(R)." -Ends- For further information please contact: Plant Heath Care plc Tavistock Evolution Securities Communications LimitedJohn Brady, Chief Executive Jeremy Carey/Matt Tim Worlledge/ Tim Ridsdale RedfernTel: 020 7920 3150 Tel: 020 7920 3150 Tel: 020 7071 4300(21 - 25 January)Tel: 001 603 525 3702(Thereafter) This information is provided by RNS The company news service from the London Stock Exchange