News - 18/05/2015
Press Release - Nufarm & Pangaea sign Heads of Terms
Press Release - Nufarm & Pangaea sign Heads of Terms.
Pangaea Agrochemicals has signed a Heads of Terms agreement with Nufarm Ltd opening the way to license agreements for its novel anti-resistance technology.Author Michael Gifford Date 5th May 2015 Version Issue 1 Press Release - Nufarm & Pangaea sign Heads of Terms Pangaea Agrochemicals has signed a Heads of Terms agreement with Nufarm Ltd opening the way to license agreements for its novel anti-resistance technology. The technology uses novel formulations to reactivate the pests susceptibility to conventional active ingredients. Based on technology developed and patented by Rothamsted Research and the Department of Primary Industries, New South Wales, Pangaea has demonstrated effectiveness against a variety of insects and weed species including resistant strains of pollen beetle and blackgrass. Pangaea has been fortunate in gaining support from both the Eastern Area Agritech Growth Initiative and the UKs Innovation agency, Innovate UK. Nick Gooch (Pangaea Executive Chairman) comments that Without this valuable funding the development programme would be several years behind where it is now. We are very pleased to be able to work with Nufarm to bring innovative British technology to the global market. Nufarms General Manager for Innovation & Development, Mike Pointon, was pleased to jointly announce the agreement saying We have been observing the development of this technology for several years and are delighted that Pangaea has chosen to partner with us for the final stages of commercialisation. This technology adds a significant tool to Nufarms portfolio of products designed to overcome pesticide resistance which is an increasingly significant global issue. Notes to Editors If you have any questions or queries then please dont hesitate to contact Michael Gifford by e-mail on email@example.com. Rothamsted Research Rothamsted Research is the longest running agricultural research station in the world, providing cutting-edge science and innovation for over 170 years. Our mission is to deliver the knowledge and new practices to increase crop productivity and quality and to develop environmentally sustainable solutions for food and energy production. Our strength lies in the integrated, multidisciplinary approach to research in plant, insect and soil science. Rothamsted Research is strategically funded by the Biotechnology and Biological Sciences Research Council (BBSRC). In 2013-2014 Rothamsted Researched received a total of 32.9M pounds from the BBSRC. Innovate UK Innovate UK is the new name for the Technology Strategy Board the UKs innovation agency. Taking a new idea to market is a challenge. Innovate UK funds, supports and connects innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth. For further information visit https://www.gov.uk/government/organisations/innovate-uk Pangaea Agrochemicals Ltd has prepared this briefing note for use by the media. Pangaea Agrochemicals Ltd has taken due and appropriate care in collecting, developing and preparing the information contained within this briefing note but has not independently verified information provided by others except where specifically stated. No other warranty, express or implied is made with respect to the contents of this briefing note or any associated materials or presentations prepared or delivered by Pangaea Agrochemicals Ltd. Therefore Pangaea Agrochemicals Ltd assumes no liability for any loss resulting from errors, omissions or misrepresentations made by others. The use of this briefing note by unauthorized third parties without express authorization by Pangaea Agrochemicals Ltd shall be at their own risk, and Pangaea Agrochemicals Ltd accept no duty of care to any such third party. Any recommendations, opinions or findings stated in this briefing note are based on circumstances and facts as they were available at the time at which the work was carried out. Any changes in these circumstances and facts may adversely affect the recommendations, opinions and findings contained within this briefing note.