Edmonton, Alberta, June 30, 2010 Innovotech Inc. (TSX-V: IOT), a pioneer in the field of biofilm product development, has secured funding in excess of $900,000 from Agriculture and Agri-Food Canada to facilitate the commercialization of Agress, its unique, environmentally friendly seed treatment and plant spray designed to protect crops against both bacterial and fungal infections.
"With the potential to increase crop yields and improve product quality while minimizing the risk of antibacterial resistance, Agress has the opportunity to provide a cost-effective solution for the Agricultural Industry where current technologies either have undesirable effects on the environment or do not work well," said Ken Boutilier, President and CEO of Innovotech Inc.
The two year, repayable funding, administered in Alberta through the Agriculture and Food Council, will focus on field trials to expand the potential applications of Agress from pulse crops (dry beans, dry peas, lentils, chickpeas) and soybeans to high value horticultural crops such as tomatoes, peppers, and potatoes. The funding will also be used to support regulatory approval submissions for Agress.
|Contact: Ken Boutilier, President and CEO|