MONTREAL, April 2, 2012 /CNW Telbec/ - Imaflex Inc. (TSXV: IFX.A) Imaflex Inc. ("Imaflex" or the "Corporation") is pleased to report that it has applied for a provisional patent with the United States Patent and Trademark Office as co-inventor along with Bayer Innovation GmbH, a wholly owned subsidiary of Bayer AG, for a revolutionary multilayered film capable of releasing active ingredients over a limited time period (the "Film"). The Film has been conceived and designed to encase the active ingredients in the film to meet the needs of modern agriculture for a safe and convenient application of agrochemicals, like nematicides, fungicides, insecticides and herbicides. The Film releases active ingredients both in a targeted manner and in a timely fashion only to the soil eliminating for the grower todays costly work steps for the preparation and its application of common spray mixture.
The Film is safe to handle, in transport, storage, and application. It allows for reduced agrochemical usage due to its ease and precise application. The Film requires no solvents and is non-flammable, and begins its work using only water as the catalyst. As the application of the active ingredients is simply done by laying the Film on the soil, there is a reduced risk of Phytotoxicity for the crop, no drift of the agrochemicals in the environment, and no respiration hazard for operators and bystanders. The slow release of the active ingredients starts after the Film has been laid and irrigation is turned on. The active ingredients are residue free released within a period of approximately 14 days. Therefore the Film is disposable and recyclable at the end of its service life. Work gloves provide sufficient protection for operators to prevent dermal absorption of the encased active ingredients during film handling.
Imaflex is very excited about the prospects for the Film as field tests conducted over the past 12 months have met or surpassed expectations and clearly demonstrated the advantages of the Film over conventional spray application of agrochemicals in terms of reduced use of active ingredients, increased crop yields, and reduced overall costs for growers.
Imaflex hopes to be able to market the Film for the forthcoming growing seasons.
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, including any information as to our future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking" statements within the meaning of Canadian securities laws. The words "expect", "believe", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, 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.
For further information:
Joseph Abbandonato, President and C.E.O
Giancarlo Santella, CA - Corporate Controller
Tel: (514) 935 - 5710
Fax: (514) 935 - 0264
Additional information on Imaflex is available on the Company's website at www.Imaflex.com and on
SEDAR at www.sedar.com.