Biosignal: Collaboration with international company on agriculture applications
Evaluation for use in crop protection to be conducted over 9 months
Biosignal Limited has signed an agreement with a leading international agrichemicals company to evaluate its unique antimicrobial technology for use in crop and seed protection. The evaluation will be conducted at the facilities of, and fully funded by the partner company.
Biosignal's compounds are primarily in demand for their unique activity against bacterial biofilms, however in trials at Biosignal the compounds have also demonstrated a high level of activity against fungi. Fungal and bacterial pathogens cause significant damage to field crops, and result in the spoiling of seeds in storage and in the ground prior to germination. The agricultural sector is actively seeking novel and environmentally friendly treatments to combat these problems.
"Strategically, Biosignal is targeting the application of its technology in five key areas; industrial, agricultural, consumer, therapeutics and medical devices. These areas are ultimately anticipated to be separate business units or entities, and this deal is a positive early step in our strategy to establish a dedicated agricultural business," said Professor Peter Steinberg, CEO of Biosignal. 'We anticipate further developments in this field over the course of the year".
The evaluation will be conducted over the next 9 months with results expected early in 2009. The agreement is non-exclusive.
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