Innovotech receives funding for crop protection product

Date:12-17-2010

Innovotech Inc. (TSX VENTURE:IOT), a Pioneer in the field of biofilm product development, has secured additional funding of $154,000 for Agress®, its unique, environmentally friendly seed treatment and plant spray designed to protect crops against both bacterial and fungal infections.

The two year, non-repayable funding from Agriculture and Agri-Food Canada's Growing Canadian Agri-Innovations Program, under the Canadian Agri-Science Clusters Initiative, will be governed by the Pulse Crops (Canada) Association and will focus on the improvement of dry bean yield, disease resistance and seed quality.

"Canada has emerged as a world leader in the production and export of pulse crops, including peas, chickpeas, lentils and beans. Canada now accounts for approximately 35% of global pulse trade each year and is one of the top five exporters of dry beans," said Ken Boutilier, President and CEO of Innovotech. "Projects such as Innovotech's have the potential to contribute significantly to the promotion of Canada's global status in the pulse export market."

Syngenta Crop Protection Canada will work with Innovotech on the commercial development of Agress®.