MONTREAL, May 15, 2013 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the
"Corporation") is pleased to announce the development of a new
agriculture mulch film to prevent citrus greening, a bacterial disease
that has been damaging and destroying citrus crops throughout the
United States and other citrus growing nations. The film was developed
in consultation with the University of Florida (UFL-IFAS), who sought
out Imaflex for developing a non-chemical solution for citrus greening.
The solution developed by Imaflex is a novel metalized film, designed
to be reflective and durable over several growing seasons, in order to
protect young citrus trees from the Asian Citrus Psyllid (ACP), the
insect spreading the bacterial disease Huanglongbing HLB, which causes
Field trials started two years ago, performed by UFL-IFAS, utilizing
Imaflex's metalized film, demonstrated a notable reduction in citrus
greening by deterring ACP from landing on the trees by UV light
reflection. Furthermore, after only one year of testing, citrus
plantations testing Imaflex's new metalized film reported a reduction
of HLB infestation by at least 60% compared to bare ground, bare ground
covered with standard mulch film and surprisingly also compared to bare
ground drenched with highly effective insecticides. Data from these
field trials have recently been presented by Professor Philip A.
Stansly and Scott D. Croxton, both at UFL-SWFREC at the Florida
Entomological Society, the Entomological Society of America and the 3rd International HLB conferences.
"We are very encouraged with these interim field trial results being
generated on citrus crops with our new metalized mulch film. The data
presented to date is even more impressive, when you consider that our
film, an environmentally sound non-chemical solution, has outperformed
all common chemical solutions that have been tried," commented Joe
Abbandonato, President & CEO of Imaflex. "We believe that our
agricultural films will make a strong contribution to our growth going
forward, fueled in large part through innovative new products and
applications, such as our metalized film for citrus growers."
Imaflex develops and offers a variety of advanced pest and weed
controlling films customized for horticultural production under its
major brands: Shine N' Ripe® and Can-Shield®.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward Looking Information
Certain information included in this press release, related notably to
the virtues, attributes and commercial prospects of the multilayered
active ingredient releasing bags, constitute "forward-looking"
statements within the meaning of Canadian securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
management of the Corporation, are inherently subject to significant
business, economic and competitive uncertainties, risks and
contingencies. The Corporation cautions the reader that such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual financial
results, performance or achievements of Imaflex to be materially
different from the Corporation's estimated future results, performance
or achievements expressed or implied by those forward-looking
statements and that the forward-looking statements are not guarantees
of future performance. These statements are also based on certain
factors and assumptions. For more details on these estimates, risks,
assumptions and factors, see the Corporation's most recent Management
Discussion and Analysis filed on SEDAR. The Corporation disclaims any
obligation to update or revise any forward-looking statements, whether
as a result of new information, events or otherwise, except as
expressly required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
SOURCE: Imaflex Inc.
For further information:
Joseph Abbandonato, President and C.E.O
Giancarlo Santella, CPA, CA - Corporate Controller
Tel: (514) 935 - 5710
Fax: (514) 935 - 0264