Arysta Licenses Plant Impact’s Eco-Friendly Insecticide
2 June 2009 Tokyo, Japan-based Arysta LifeScience Corporation signed a 20-year licensing agreement with Canadian plant stress management company Plant Impact for the exclusive rights to manufacture, market, and sell BugOil insecticide, reports Business Wire. BugOil is a unique insecticide technology derived from essential plant-oils for control of mites and whiteflies in a formulation based on natural products with an excellent safety profile.
“BugOil is an innovative product that will benefit many of our customers, particularly in fruit and vegetable crops,” said Chris Richards, president and CEO of Arysta LifeScience. “ Acquiring the rights to BugOil enhances our product portfolio and strengthens our position as a leading crop protection solution company. We actively seek opportunities like this one to use our global capabilities to develop and bring to market novel products that meet growers’ crop protection needs.”
Plant Impact expects to receive first regulatory approval for BugOil in the UK early in 2010, with first sales the same year. Registrations in other European Union countries are to follow the completed UK review. Arysta LifeScience and Plant Impact are also working together to achieve registration in the US, Latin America, Europe, Africa, and the Middle and Far East. The two companies also are in discussions regarding access to distribution and potential licensing rights for certain plant nutrient technologies and products owned by Plant Impact, with further announcements on these discussions anticipated later in 2009.
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