Devgen launches a new premium hybrid rice, Frontline Gold RH 1531, to meet the increasing demand for hybrid rice in India
(Thomson Reuters ONE) -
Zwijnaarde, 4 May 2010
Devgen nv (Euronext Brussels, DEVG) today announces the launch of a new rice
hybrid, Frontline Gold RH 1531.
The population in India expands each year significantly. For this reason, the
rice demand is predicted to increase substantially over the next decades. Rice
farmers however will need to realize a higher yield with less resources, land
and water, than they have available today. Frontline Gold RH 1531 can offer
another important step forward to achieve this goal.
This rice hybrid was especially developed for the northeastern and western part
of India where rice is mainly cultivated during the wet season. Frontline Gold
RH 1531, a leading hybrid in 2009 DRR governmental trials[1], benefits the
farmer in multiple ways: high yield, superior grain quality, better tolerance to
diseases & lodging and maturation in only 120 - 125 days.
Devgen is today one of the leading companies in hybrid rice, sorghum and
sunflower in India employing over 200 people in 16 states. Quality products such
as Frontline Gold RH 1531 will further strengthen Devgen's position in hybrid
rice seeds and give farmers a product of their choice.
Sales of Frontline Gold RH 1531 are targeted to start in May 2010.
About Devgen nv
Devgen's mission is to enable farmers to sustainably grow more food on less
land, with less water, agrochemicals and labour.
Devgen uses advanced biotechnology and molecular breeding technology to make
high yielding seeds and crop protection solutions with a superior environmental
profile. Devgen brings this technology to the market in the world's major food
and feed crops through two complementary strategies:
- licensing Devgen technology for use in corn, cotton and soy and selected
other crops in exchange for R&D funding, and milestone and royalty payments;
- producing and selling its premium hybrid seeds in major field crops such as
rice, sunflower, sorghum, and pearl millet, in the Indian subcontinent and
South-East Asia.
In its Crop Protection unit, Devgen developed an agro-chemical product that
protects crops from damage by parasitic nematodes. This nematicide was launched
in Turkey and will be launched in US in 2010.
Incorporated in 1997, Devgen has offices in Ghent (Belgium), and has
subsidiaries in Singapore, Hyderabad (India), General Santos (Philippines) and
Delaware (US), totalling about 280 employees.
For more information please contact:
Thierry Bogaert, CEO Wim Goemaere, CFO
Tel. +32 9 324 24 24 Tel. +32 9 324 24 24
Thierry.Bogaert(at)devgen.com Wim.Goemaere(at)devgen.com
Or visit: www.devgen.com
This press release may contain forward-looking statements containing the words
"anticipates", "expects" , "intends", "plans", "estimates", "may" and
"continues" as well as similar expressions. Such forward looking statements may
involve known and unknown risks, uncertainties and other factors which might
cause the actual results, performance or achievements of Devgen to be materially
different from any future results or achievements expressed or implied by such
forward-looking statements. Factors that could cause or contribute to such
differences include, among others: agricultural risks and difficulties,
including weather factors, diseases and pests, the costs and requirements of
regulatory compliance and the speed with which approvals are received; public
acceptance of biotechnology products; political, economic and social
developments in countries where Devgen operates and other risks and factors
detailed in the company's most recent annual report.
These forward looking statements speak only as of the date of publication of
this document. Devgen disclaims any obligation to update such forward looking
statements in this document to reflect any change in its expectations,
conditions or circumstances on which such statement is based, unless required by
law or regulation. This document does not constitute, or form part of, any offer
or invitation to sell or issue, or any solicitation of any offer, to purchase or
subscribe for any securities issued by Devgen NV.
--------------------------------------------------------------------------------
[1] DRR Annual Progress Report 2009, vol 1 - Varietal improvement
[HUG#1411752]
PR Engels: http://hugin.info/135721/R/1411752/364084.pdf
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 20247
Anzahl Zeichen: 0
contact information:
Town:
Gent-Zwijnaarde
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 225 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Devgen launches a new premium hybrid rice, Frontline Gold RH 1531, to meet the increasing demand for hybrid rice in India"
steht unter der journalistisch-redaktionellen Verantwortung von
Devgen (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
