Plant Health Care PLC
21 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 for
plants and soil, announces that following the 2007 trial results, Bayer
CropScience has confirmed that it will move forward with the second year of
Myconate(R) testing. Bayer CropScience will be making a milestone payment to
Plant 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 broad
portfolio of high-quality products to combat pests and fungal diseases. Plant
Health Care's Myconate(R) technology is known to help crops to develop larger
root 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 a
seed treatment product in corn, soybean, cotton and sunflower on a worldwide
basis.
Commenting, John Brady, Chief Executive of Plant Health Care said: 'We are
excited that Bayer CropScience has elected to move forward with the development
and trial programme and we look forward to working with them to further develop
the commercial potential of Myconate(R).'
-Ends-
For further information please contact:
Plant Heath Care plc Tavistock Evolution Securities
Communications Limited
John Brady, Chief Executive Jeremy Carey/Matt Tim Worlledge/ Tim
Ridsdale Redfern
Tel: 020 7920 3150 Tel: 020 7920 3150 Tel: 020 7071 4300
(21 - 25 January)
Tel: 001 603 525 3702
(Thereafter)
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