Innovotech Field Tests For Agress(TM) Show Positive Results
December 04 2008 - 8:00AM
Marketwired
Innovotech Inc. ("Innovotech" and/or the "Company") (TSX VENTURE:
IOT) is pleased to announce the results of its 2008 Field Trials
for its new seed treatment, Agress(TM). Innovotech tested
Agress(TM) against bacterial bean blight on dry beans, peas and
soybeans in Alberta, Saskatchewan and Manitoba in replicated small
plot studies.
"The results from the study clearly demonstrate that Agress(TM)
performs at least as well as, and in some cases far superior to
Agricultural Streptomycin in providing disease control in the pulse
crops tested," says Damian Sowa, Product Manager, Innovotech. "It
is well known that governments around the world have concerns
regarding Agricultural Streptomycin because of the build-up of
bacterial resistance. Our studies have shown that Agress(TM) can an
effective replacement for Streptomycin. Innovotech has already
initiated studies of other plant diseases such as fire blight,
where the use of Agricultural Streptomycin is currently the product
of choice."
Innovotech anticipates regulatory approval for Agress(TM) in
Canada and the United States in mid to late 2009, permitting
product availability for the 2010 crop season. Research is
currently underway to expand the claims of Agress(TM) to major
crops in North America and additional disease classes.
Forward Looking Statements
Except for the statements of historical fact relating to the
Company this press release may contain certain statements which
constitute "forward-looking" statements that involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements related to Innovotech's
product development programs to be materially different from any
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this document, such
statements use such words as "may", "will", "intend", "should",
"expect", "believe", "plan", "anticipate", "estimate", "predict",
"potential", "continue" or the negative of these terms or other
similar terminology. These statements reflect current expectations
regarding future events and operating performance and speak only as
of the date of this press release. They should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether such results will be
achieved. A number of factors which could cause actual results to
differ materially from the results discussed in the forward-looking
statements include, but are not limited to: the regulatory
environment including the difficulty of predicting regulatory
outcomes; changes in the value of the Canadian dollar; the
Company's reliance on a small number of customers including
government organizations; fluctuations in operating results;
government policies or actions; progress and cost of clinical
trials and other required testing; reliance on key strategic
relationships; uncertainty related to intellectual property
protection and potential costs associated with its defense; the
Company's exposure to lawsuits and other matters beyond the control
of management. Should known or unknown risks or uncertainties
materialize actual results could vary materially from those
anticipated. Specifically, such statements include statements
regarding the capability of Innovotech's product Agress(TM) to
replace Streptomycin as a seed treatment. There can be no assurance
that the Company will receive regulatory approval for the sale of
Agress(TM) or be successful in demonstrating that Agress(TM) is
effective in treating fire blight or diseases in plants other than
those already tested. Innovotech does not assume any obligation to
update or revise the statements contained herein to reflect new
events or circumstances, except as required by applicable
securities legislation.
About Innovotech Inc:
Innovotech is a product development company focusing on the
development of solutions to medical, agricultural and industrial
problems caused by microbial biofilms. Biofilms are protected
communities of microorganisms which are very common and very
difficult to treat due to their inherent resistance. They have been
implicated in a host of devastating infections in agriculture,
human health and industry. No diagnostics or antibiotics are
currently approved for use in infections involving biofilms.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Innovotech Inc. Wolfgang Muhs Chairman of the Board
& CEO (780) 448-0585 ext 226 (780) 424-0941 (FAX) Email:
wolfgang.muhs@innovotech.ca Innovotech Inc. Ken Boutilier President
(780) 448-0585 ext 221 (780) 424-0941 (FAX) Email:
ken.boutilier@innovotech.ca Website: www.innovotech.ca
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