Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPlant Impact Regulatory News (PIM)

  • There is currently no data for PIM

Evaluation, Development and Distribution Agreement

23 Sep 2010 07:00

RNS Number : 1364T
Plant Impact PLC
23 September 2010
 



 

Press release

 23 September 2010

 

 

 

Plant Impact and Agrimatco Sign Evaluation, Development and Distribution Agreement for Crop Nutrient Products

 

Plant Impact plc (AIM: PIM) ("Plant Impact" or the "Company"), which develops and markets ecologically friendly crop nutrition and protection products, is pleased to announce that it has entered into an exclusive evaluation, development and distribution agreement (the "Agreement") with Agrimatco covering the Company's InCa, PiNT K, PiNT Ca, Balance, Saxon, Scope, CaB and Speedo additive products (the "Crop Nutrient Products").

 

The Agreement covers countries in the Middle East, North Africa, Eastern Europe and Central Asia. Initial crop targets are in high value horticulture with potential extension into some arable crops.

 

The board of Plant Impact (the "Board") believe that this is an important development for the Company and further that it demonstrates the value of engaging with major companies in key territories. Agrimatco's geographically spread distribution chain and its 85 sales outlets, along with its man power on the ground, makes it, in the opinion of the Board, a strategically important partner in these territories.

 

The Agreement with Agrimatco:

·; extends territorial coverage of the Crop Nutrient Products from 52 to 73 countries;

·; increases the field trial development programme; and

·; increases the commercial potential of the Crop Nutrient Products.

 

Pursuant to the agreement, Agrimatco will have exclusivity to evaluate the Crop Nutrient Products until 31 December 2011. The evaluation of these products represents the field trial development programme referred to above. Following the successful completion of this, Agrimatco will ensure that products are registered locally and will market and distribute these products on an exclusive basis. Detailed development and distribution agreements will be signed country by country as they come on stream.

 

Khaled Miqdadi, Agrimatco President, stated: "This is a great step forward in the vision of Agrimatco, our partnership with Plant Impact follows our goal of providing the best quality products and services to the local farmers". Mustafa Miqdadi, Agrimatco Vice President, went on to say: "We believe that the addition of Plant Impact's products to the Agrimatco portfolio will help farmers in achieving higher quality yields".

 

Peter Blezard, CEO, commented: "We are delighted to announce this agreement which further demonstrates the potential of Plant Impact's products in key territories. Agrimatco are and will continue to be a valued and influential partner to Plant Impact."

 

Enquiries:

For further information, please contact:

 

Plant Impact Plc
 
 
 
Peter Blezard, Chief Executive Office
+44 (0) 1772 645 164
Mike Panteli, Chief Financial Officer
+44 (0) 1772 645 165
 
 
Allenby Capital Limited - Nominated Adviser and Broker
Nick Naylor / Alex Price
+44 (0) 20 3328 5656
 
 
Conduit PR - Financial PR/IR
 
Charlie Geller
+44 (0) 20 7429 6604

 

- Ends -

About Agrimatco

Agrimatco is an established company in the Middle East, North Africa, Eastern Europe, Russia, Central Asia, China and Vietnam. The company was founded by Khalil Miqdadi in 1936, is currently operating in of 50 countries and has a team of over 1,300 employees. Agrimatco supplies all of the agricultural requirements of farmers, including; seeds, crop protection products, fertilizers, sprayers, farming tools and equipments, machinery and veterinary products, together with a specialised team of over 500 agronomists that consult daily with farmers and give advice on the products application, use and after sales service.

 

The management's philosophy, which is structured to involve all of Agrimatco's employees in the business, and the policy of the company's agronomists making daily visits to the farmers, to understand their needs and resolve their problems. Agrimatco prides itself on excellence by seeking to provide expert services and high quality materials from renowned suppliers. Agrimatco have a strong distribution capability supported by 18 field trial stations and cooperation with research institutes.

 

For further information please visit www.agrimatco.com

 

About Plant Impact plc

Plant Impact develops and markets ecologically friendly crop nutrition and crop protection products. These products improve crop yields by reducing plant stresses caused by temperature, salinity, drought and light. The Company sells its products directly and through licensing agreements with international agrochemical companies. The Directors believe that Plant Impact is differentiated from its competitors by marketing effective and environmentally friendly products.

 

Plant Impact has four key technologies marketed initially to the high value fruit and vegetable crop sectors; Bug Oil, CaT, PiNT and Speedo. The next two years will be dominated by CaT and PiNT sales to existing markets, and BugOil milestone payments in advance of its international roll out through Arysta, a global top ten agrochemical company.

 

For further information please visit www.plantimpact.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBSGDCLDDBGGD
Date   Source Headline
15th Jan 201812:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
15th Jan 20189:25 amRNSForm 8.5 (EPT/RI) - Plant Impact Plc *Replacement*
12th Jan 20184:55 pmRNSForm 8.3 - Plant Impact plc Replacement
12th Jan 20184:19 pmRNSForm 8.3 - Plant Impant plc
11th Jan 201812:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
10th Jan 201812:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
9th Jan 20185:01 pmPRNThe Saffron Fund - Form 8.3 - Plant Impact Plc
8th Jan 201812:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
5th Jan 20182:35 pmRNSForm 8.3 - Plant Impact plc - Replacement
5th Jan 201812:37 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
4th Jan 20184:20 pmRNSForm 8.3 - Plant Impact plc
4th Jan 20184:19 pmRNSForm 8.3 - [Plant Impact PLC]
4th Jan 20181:27 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc *Replacement*
3rd Jan 20182:00 pmRNSForm 8.3 - Plant Impact PLC
3rd Jan 201812:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
3rd Jan 20187:00 amRNSBlock Listing Six Monthly Return
29th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
28th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
27th Dec 20174:47 pmBUSForm 8.3 - Plant Impact plc
27th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
27th Dec 20177:11 amRNSForm 8.3 replacement - Plant Impact PLC
27th Dec 20177:09 amRNSForm 8.3 replacement - Plant Impact PLC
22nd Dec 201712:47 pmRNSForm 8.3 - Plant Impact PLC
22nd Dec 201712:38 pmRNSForm 8.3 - Plant Impact PLC
22nd Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
21st Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
21st Dec 20178:45 amRNSForm 8 (OPD) - Plant Impact plc
20th Dec 20175:10 pmRNSForm 8.3 - Plant Impact Plc
20th Dec 20171:52 pmRNSForm 8.5 (EPT/RI) - Plant Impact * Restated*
20th Dec 20171:21 pmRNSNotification of Major Holdings
20th Dec 201712:09 pmRNSForm 8.3 - Plant Impact Plc
20th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
19th Dec 20174:42 pmRNSForm 8.3 - Plant Impact PLC
19th Dec 20173:02 pmRNSForm 8.3 - Plant Impact plc
19th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) - Plant Impact Plc
19th Dec 201711:41 amRNSForm 8.3 - Plant Impact Plc
18th Dec 20174:44 pmRNSForm 8.3 Plant Impact Plc
18th Dec 20174:42 pmRNSForm 8.3 Plant Impact Plc
18th Dec 20174:40 pmRNSForm 8.3 Plant Impact Plc
18th Dec 20172:59 pmBUSForm 8.3 - Plant Impact Plc Amendment
18th Dec 20172:10 pmPRNForm 8 (OPD) - Plant Impact Plc
18th Dec 20171:59 pmRNSForm 8.3 - Plant Impact plc
18th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) Plant Impact Plc
18th Dec 201710:49 amBUSForm 8.3 - Plant Impact Plc
15th Dec 20173:24 pmRNSResults of Annual General Meeting
15th Dec 201712:00 pmRNSForm 8.5 (EPT/RI) Plant Impact Plc
15th Dec 201711:16 amRNSForm 8.3 - Plant Impact PLC
15th Dec 20177:00 amRNSAGM Trading Update
14th Dec 20173:55 pmRNSNotification of Major Holdings
14th Dec 20173:20 pmRNSForm 8.3 - Plant Impact plc

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.