RIVIÈRE-DU-LOUP, QC, April 5, 2017 /CNW Telbec/ - Premier Tech, an international leader in active ingredients for sustainable agriculture and horticulture, will take the lead in the final steps to bring to full scale the manufacturing and commercialization of a selective bioherbicide. In January, the Horticulture and Agriculture Group signed a license agreement with Agriculture and Agri-Food Canada (AAFC) to finalize the development and commercialization of a product formulated from an indigenous fungus (Phoma macrostoma).
Over nearly ten years, the federal department invested millions of dollars in research on this fungus and its compounds (macrocidins), which can eliminate broadleaved weeds, particularly dandelions. This breakthrough discovery has been patented in several countries and is commercially registered in the U.S. and Canada.
"In an open competition conducted two years ago, Premier Tech obtained the rights to this innovative, green product. This new selective herbicide is based on a naturally occurring microorganism (a fungus), and the cutting-edge work of AAFC researchers has revealed its enormous potential on residential and agricultural markets alike," says Pierre Talbot, Senior Vice-President Innovation at Premier Tech. "This type of active ingredient is highly promising. The next challenge lies in reducing production costs so we can bring it to its full market potential." Talbot says this new active ingredient is complementary to the other ingredients – both microbial and other – that Premier Tech is currently developing or already marketing.
AAFC's discovery is very exciting for a seasoned team like Premier Tech's. "It is now up to us to move forward, in collaboration with AAFC, and make this a large-scale commercial success," concludes Talbot. This project will create more than ten full-time jobs during the bioherbicide commercialization phase.
About Premier Tech
Premier Tech has been growing its leadership position globally for more than 90 years, driven by the collective power of its 3 600 team members in 24 countries. Leveraging its human capital as well as a deeply rooted Culture revolving around innovation and excellence, Premier Tech focuses its efforts in three core industries: Horticulture and Agriculture, Industrial Equipment, and Environmental Technologies. Committed to the long-term success of its clients, Premier Tech today records sales of more than 675 million dollars, backed by a strong manufacturing and commercial expertise, a far-reaching entrepreneurial approach and a quarter-century-long track record of solid growth.
SOURCE Premier Tech
For further information: France Bégin Parent, Public Relations Director, Premier Tech, 418 867-8883, ext. 6059, [email protected]