Plant Impact announced that as part of an ongoing strategic review of its activities, and in light of the successful completion of the commercialisation deal with Arysta Life Science Corporation, it has signed long term agreements with tecsolve and CEMAS.
The Agreements, which are effective as of 1 June 2009, provide for the retention of the services of CEMAS and tecsolve by Plant Impact. Under the terms of the Agreements Plant Impact may engage CEMAS to assist with the development of the Company’s growing pipeline of products that have been developed to improve crop yields in an eco-friendly manner and tecsolve to assist with product discovery, technological appraisal and technical advice.
The executives of Plant Impact recognised early on that they would need to make significant investments in infrastructure and employ a much larger team if they were to run all the additional trials required to generate supporting data on their products. This information has to be supplied to both the regulatory bodies and the global players that will ultimately commercialise their products. As a result, Plant Impact has reviewed its options in respect of the need to generate more data and consequently, the executives have agreed to outsource further development of Plant Impact’s products to well established and respected specialist contract research organisations, and have therefore finalised these long term Agreements with CEMAS and tecsolve.